Tories ‘a threat to stability’
Tory plans for the economy would be a “threat to stability, jobs and mortgages”, Prime Minister Tony Blair has said.
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The Bad News On Condos Two years ago, during the giddy real estate frenzy, some investors bought 300-plus garden-style apartment units in Fairfax County to convert to condominiums. read more...
U.S. Homebuilders' Shares Gain on Mortgage Rate Expectations (Bloomberg.com) Dec. 6 (Bloomberg) -- U.S. homebuilder shares rose, led by Standard Pacific Corp. and Ryland Group Inc., the largest seller of new homes for first-time buyers, as a 10-month low
U.S. subprime mortgage problems hit Citigroup, UBS (CBC) Losses from the U.S. subprime mortgage meltdown hurt third-quarter earnings at banking sector heavyweights Citigroup Inc. and UBS, the companies said Monday.read more...
'Liar loans' threaten to prolong mortgage crisis (The Times of Northwest Indiana) In the mortgage industry, they are called "liar loans" -- mortgages approved without requiring proof of the borrower's income or assets. The worst of them earn the nickname "ninja loans,"
Pricing mortgage-backed securities will be tough (USA Today) Some things are easy to price. Others, not so much. And that's the $700 billion problem facing the U.S. Treasury: how to value vast amounts of mortgage-backed securities that no
Mortgage market development to transform UAE realty prices (AME Info) EFG Hermes has just published a study of the nascent UAE mortgage market, which points to a ten-fold growth from $4.4bn today to $44bn by 2012. The implications for the