A predicted avalanche of commercial property loan defaults in the Bay Area and elsewhere looms large as mounting delinquent mortgages follow news in July that several San Francisco building owners relinquished properties after failing to make loan payments….
The Reserve Bank of Australia is expected to hold mortgage rates steady tomorrow, giving home buyers at least another month to pay down debts before interest rates begin to rise.
08.30.09 | News, Other - Business & Finance, Other - Taxes |
No change tipped, but investors expect rates to hit 5 per cent within the year
08.30.09 | Credit, Economics, Investing, Marriage & Divorce |
What would Keynes be thinking today? Even to ask this question is to acknowledge that ideas matter. The models economists use influence the actions of regulators and governments
08.30.09 | Credit, Investing, Marriage & Divorce, News, Personal Finance |
Number of mortgages for house purchases up 77% year-on-year, but gross lending remains 39% down on July 2008 The number of mortgages approved for house purchases increased again in July, according to the British Bankers’ Association, with 38,181 loans approved compared to 35,564 in June. The figure is significantly higher than the previous six-month average of 29,737, and shows a rise of …
08.30.09 | Economics, Law & Ethics, News |
Federal Reserve Board Chairman Ben Bernanke will be reappointed by President Obama for another term as the head of our nation’s central bank. History will judge Bernanke’s stewardship of the Fed, and many of the aggressive steps taken by the Fed under his leadership over the past year and a half give both fans and critics of the chairman plenty of fodder for debate. But one thing is sure …
08.30.09 | Credit, Economics, Personal Finance, Renting & Real Estate |
By GARY T. PAKULSKI BLADE BUSINESS WRITER When truck driver Barry Groves moved in 2000 to the Monclova Township development, it wasnt much more than an uncertain field of dreams. The onetime farm plot lacked grass, shrubbery, trees and houses
08.30.09 | Marriage & Divorce, News |
Abu Dhabi Finance, the Emirate’s fastest growing home finance provider, announced the launch of a new mortgage product, ‘Compass’, for clients residing outside the UAE.
08.30.09 | Credit, Economics, Investing, News, Other - Taxes, Personal Finance |
Bank donates $7,500 toward building STANHOPE Morris Habitat for Humanity is collaborating with Sussex County Habitat for Humanity on a new, environmentally friendly, four-unit affordable residential dwelling to be built and sold to four low-income families. The unit will be on the corner of Brooklyn Road and Lloyd Avenue in Stanhope
08.30.09 | News, Other - Taxes, Personal Finance, Renting & Real Estate |
Gulf Coast cities hit hard by Hurricane Katrina four years ago stand to lose future federal funding, and possibly some political representation, as mostly lower-income residents stay away from the area, analysts say.
08.30.09 | Investing, Other - Taxes, Renting & Real Estate |
