BoE issues warning on debt
BRITAIN’S record debt mountain could threaten the country’s financial stability, the Bank of England warned yesterday.
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Your Money Matters: Dealing with Rising Mortgage Interest Rates (Benton Evening News) (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans
So far, the spirits of shoppers remain undampened despite a real estate bust. An oil-driven real estate boom is driving office rents out of sight in Russia and giving even Communist tenement housing investment potential. read more...
Main Street Creamery Aims for Fun via
As Rates, Inventories Rise, Developers Try Home Auctions As the housing market slows builders are heading to the auction house to unload newly built properties. The process has its drawbacks, but buyers can find deep discounts.read more...
MORTGAGE BILL PROPOSED (New York Post) House Financial Services Committee Chairman Barney Frank said he'll seek new federal standards for mortgage lenders and to make companies that bundle loans and sell them as securities accountable. Frank
Mortgage lending may halve, warns CML (ShareCast via Yahoo! UK & Ireland Finance) The Bank of England must double its efforts to deal with the credit crisis, warned the Council of Mortgage Lenders (CML) today, with mortgage lending in danger of halving this