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- Home prices across much of the United States are likely to fall through late 2009, economists say, and in some markets the trend could last even longer, depending on the severity of the anticipated recession. In hard-hit areas like California ...
- Home prices across much of the country are likely to fall through late 2009, economists say, and in some markets the trend could last even longer depending on the severity of the anticipated recession. In hard-hit areas like California, Florida and ...
- The American housing market, where the global economic crisis began, is far from hitting bottom. J. Emilio Flores for The New York Times Homes for sale in the Ladera Ranch neighborhood of Orange County, Calif. Home prices across much of the country ...
- NEW YORK - Citigroup Inc. suffered its fourth straight quarterly loss and cut another 11,000 jobs, drubbed again by the relentless downturn in housing and turmoil in the financial markets. The New York-based bank said Thursday it lost US$2.8 billion ...
- NEW YORK - Oil prices plunged under US$70 a barrel today as bad U.S. economic news stoked fears that a significant slowdown will undermine energy demand. Recession concerns overrode growing expectations that the Organization of Petroleum Exporting ...
- WASHINGTON - The U.S. government reports that consumer prices were flat in September. Retreating costs for gasoline, clothes and new cars helped to offset rising prices for food, medical care and other things. The Labour Department report Thursday ...
- NEW YORK , Oct. 16 /PRNewswire-FirstCall/ -- Mortgage rates soared this week, with the average 30-year fixed mortgage rate jumping more than one-half percentage point to 6.74 percent. According to Bankrate.com's weekly national survey, the average 30 ...
- Author : Bankrate, Inc. The average 15-year fixed rate mortgage climbed to 6.40 percent, while the average jumbo 30-year fixed rate rose to 7.87 percent. Adjustable mortgage rates were sharply higher also, with the average 1-year ARM now 6.32 percent ...
- The American housing market, where the global economic crisis began, is far from hitting bottom. J. Emilio Flores for The New York Times Homes for sale in the Ladera Ranch neighborhood of Orange County, Calif. Home prices across much of the country ...
- BERN, Switzerland - The Swiss government says it will help banking giant UBS raise billions of dollars in new capital. The government says the measure is part of a wider package to support the country's banking system. It includes lending UBS up to ...
- 5 When the lending business began, I suppose, it was a very simple proposition. You wanted a loan you needed collateral. If the collateral wasn't enough to get you the loan, you added some more collateral. When the lender felt good about the deal you ...
- Home prices across the state will continue to drop next year, even as sales, spurred by the low prices on foreclosed properties, will keep rising in 2009, according to a California Assn. of Realtors forecast slated to be released today. Doubts about ...
- THE US Treasury Department's rescue plan doesn't directly address the root cause of the crisis: falling home prices. Foreclosures in Stockton, California, discourage prospective sellers from putting their houses on the market. The government's plan ...
- Editor's note: This is the second of a four-part series by the author of "The Audacity of Deceit." Read Part 1, "The Obama-Ayers incestuous money trail." When Barack Obama received a below prime rate home loan from Northern Trust Bank (the kind of ...
- Borrowers generally hate adjustable rate mortgages, or ARMs, but this sentiment may be illogical, because ARMs often offer relatively low rates. After all, why would the average homeowner choose a high fixed interest rate for 30 years when he stays ...
- Borrowers generally hate adjustable rate mortgages, or ARMs, but this sentiment may be illogical, because ARMs often offer relatively low rates. After all, why would the average homeowner choose a high fixed interest rate for 30 years when he stays ...
- The credit crunch transformed itself into a global panic in financial markets last week. But one debt instrument that could thrive once the dust has settled is the covered bond. In use in Europe for more than two centuries, covered bonds are high ...
- The historic bailout that Congress approved last week may be odious, but it is also necessary, according to Holdon Lewis, North Palm Beach, Fla.-based senior reporter for Bankrate.com. "I am angry about it," Lewis admitted. "The fact that we are ...
- The economic crisis underscores a basic truth of American democracy: The country does best when it has a strong president to take charge during an emergency. Unfortunately, that's not the description that comes to mind when assessing George W. Bush ...
- Clark D'Amico switched out the GMAC Real Estate sign for a Coldwell Banker sign in front of a home for sale in Oceanside after the two companies merged last year. Overview Background : With San Diego's median home price down more than 25 percent from ...
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