January 9, 2008
Stocks tumbled Tuesday afternoon after the chief executive of the nation’s largest phone company, AT&T, suggested a weaker economy was forcing consumers to scale back spending.
The market was up modestly earlier in the day, but was rattled by the warning from AT&T and rumors that Countrywide Financial, the nation’s largest mortgage company, might seek bankruptcy […]
Australia, business, finance, lenders, mortgage, stocks
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December 28, 2007
The anticipated cuts to the base rate of interest will stabilise rather than re-igniting the market in 2008, according to the Nationwide building society.
The lender has published its latest house price index, showing that while prices dropped by 0.5 per cent in December, the annual increase for 2007 still stood at 4.8 per cent.
But landlords […]
business, finance, loans, mortgage
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December 13, 2007
Holders of sub-prime loans from Queens, the borough hit hardest by the mortgage crisis, will see little benefit from the federal government-backed plan to freeze interest rates on such loans for up to five years, elected officials from the borough said.
Sub-prime loans are generally offered to prospective homeowners who are turned down for traditional mortgages. […]
business, finance, loans, mortgage
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