Economy’s Growth Is Better Than Expected
The economy logged a solid 3.8 percent growth rate in the first quarter of 2005, a performance that was better than previously thought and a fresh sign the expansion is on firm footing.
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Inflation above official target Inflation remained above the Bank of England's 2% target last month as higher gas and electricity bills continued to take their toll, official figures showed.read more...
LaSalle Bank's weak mortgage business hurts profits (Crane's Chicago Business) (Crain?s) ? LaSalle Bank Corp.?s troubled mortgage division continues to plague the North American arm of Netherlands-based ABN Amro N.V.read more...
Nationwide increases mortgage rates (Channel 4) The UK's biggest building society has announced it was increasing some of its mortgage rates for the second time in three months. Nationwide Building Society said it was raising its
Senate Sets Vote on Financial Bailout The Senate agreed to vote on a $700 billion financial rescue package on Wednesday night that will include an increase in the amount of bank deposits insured by the FDIC
Crisis halts Czech PPF Russian subsidiary Home Credit mortgage, autolending (Interfax) PRAGUE. OCTOBER 7. INTERFAX CENTRAL EUROPE - The world credit crisis has stopped mortgage provider Home Credit in Russia, which is part of the Czech PPF Group, from providing mortgages
Home-Equity Borrowing Stalls As the Housing Market Cools The amount borrowers owe on lines of credit fell for the first time since 1999, leading banks to court homeowners more as they grow wary. read more...