Archive for March, 2010

New Zealand2010 Article IV Consultation Preliminary Concluding Statement of the IMF Mission

1. New Zealand has been able to ride out the global financial crisis better than many other advanced countries

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Fannie, Freddie likely to fill Federal Reserve void in mortgage market

With the Federal Reserve ending its 15-month $1.25 trillion mortgage bond buying binge on Wednesday, delinquent loan…

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Fitch Affirms Hendricks County, IN’s GO and First Mortgage Bond Ratings; Outlook to Negative

CHICAGO—-Fitch Ratings takes the following rating action on Hendricks County, Indiana’s general obligation bonds and Hendricks County Building Facility Corporation’s first mortgage bonds as part of its continuous surveillance effort:

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U.S. Stocks Fluctuate as Energy Shares Rise, Employers Cut Jobs

March 31 — U.S. stocks swung between gains and losses as rallying commodity companies offset private reports that showed employers unexpectedly cut jobs this month and business activity grew less than forecast.

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Can You Afford to Buy a Home?

People with a good job, good credit, and no mortgage are often told it’s a good time to buy. During the housing boom, this seemed like a good idea, and there were plenty of lenders more than happy to get you in the front door, with little regard for whether or not you could stay in the house. The housing bust has caused many potential buyers to rethink home ownership as a wealth builder

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ADP Report Disappointing

Small service businesses actually added 15,000 jobs, but that was more than offset by a loss of 27,000 small-firm goods-producing jobs.

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Financial Stocks: Financials slide after ADP surprise

Buoyed by data showing a drop in home loan defaults in February, mortgage and bond insurers rank among the best-performing U.S. stocks Wednesday.

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Financial Stocks: Financials cap strong quarter with slight gain

Financials eked out meager gains on Wednesday as losses in real estate investment trust shares thwarted a rally on the back of strong mortgage insurers. The sector as a whole rose 14% in the first quarter and 10.2% in March.

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Should you buy an old or new home?

Price and location aren’t the only factors when buying a home. Its age might be just as important.

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