Archive for September, 2009

US Fed: Two collision courses

Fed policy is on two collision courses. The first is mechanical/numeric.

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Mortgage lending falls by €84m

MORTGAGE lending fell by €84 million in August, representing the fifth month in a row of decline in home loan demand.

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Bank of America CEO Lewis: Fallen hero

A little over a year ago, Bank of America Chief Executive Kenneth Lewis was a hero on Wall Street with his audacious purchase — some would say rescue from certain collapse — of Merrill Lynch, following less than two days of talks.

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NEWSMAKER-Bank of America CEO Lewis: Fallen hero

* Ends 40-year banking career sooner than planned

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Harland Financial Solutions Experiences Continued Client Growth with Credit Union Core Solution

LAKE MARY, Fla.—-Harland Financial Solutions announced today that several credit unions expanding into new markets have selected UltraData® Enterprise to address their enterprise-wide core processing needs.

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RiskSpan Announces New Mortgage Analytics System to Manage Credit Exposures

RiskSpan, Inc. is proud to announce the release of its RS Velocity® Whole Loan valuation and portfolio management platform.

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Too much of a good thing …

Why Australian home owners have fared so much better than those in the US.

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Penalty, EU review may deter ING from aid prepayment

A stiff prepayment penalty and the risk of higher costs for a state loan guarantee deal mean that ING is likely to be a prominent exception to the trend of banks rushing to return state aid.

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IMF Cuts Forecast for Global Losses to $3.4 Trillion

Sept. 30 — The International Monetary Fund cut its projection for global writedowns on loans and investments by 15 percent to $3.4 trillion, citing improvements in credit markets and initial signs of economic growth.

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Local News

When the Flexible New Deal offices open on 5 October many of the long-term unemployed people who are obliged to attend this radically-revised job search programme may be surprised to find themselves ushered into a welcoming cafe.

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