Tag Archives: Bloomberg

Banks Not Immune to Housing-Related Failures: Corporate Canada – Bloomberg

May 16, 2012 – 9:36 am

Banks Not Immune to Housing-Related Failures: Corporate CanadaBloombergCanada's banks, ranked the soundest on the planet by the World Economic Forum, aren't immune to collapses triggered by falling housing prices, according to the government official implementing new mortgage rules. Previous failures of Canadian financial …and more » Bank Of Canada Mortgage Rates History – Google News

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RBA Saw Half-Point Cut Needed to Revive Growth, Minutes Show – Bloomberg

May 15, 2012 – 9:14 pm

Bloomberg RBA Saw Half-Point Cut Needed to Revive Growth, Minutes ShowBloombergThe Reserve Bank of Australia made its deepest interest-rate cut in three years to help revive below-average growth, counter rising mortgage costs and shore up consumer confidence, minutes of its May 1 meeting showed. “Growth outside of the mining …RBA slashed interest rates to counter [...]

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Mortgage-Tax Break Curbed by Housing Slump as States Get Reward – Bloomberg

May 13, 2012 – 5:35 am

Bloomberg Mortgage-Tax Break Curbed by Housing Slump as States Get RewardBloombergChart: Mortgage Deductions Decline The cost of one of the country's most expensive individual tax breaks is shrinking as the number of Americans who own homes declines and mortgage rates hover near historic lows. Federal tax filers claimed almost $ 71 …and more » Mortgage Rate [...]

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Mortgage Rates in U.S. Fall to Record Lows With 30-Year at 3.83% – Bloomberg

May 12, 2012 – 6:15 pm

Bloomberg Mortgage Rates in U.S. Fall to Record Lows With 30-Year at 3.83%BloombergMortgage rates in the US declined for a third week, reaching record lows as the housing market shows signs of stabilizing. The average rate for a 30-year fixed loan fell to 3.83 percent in the week ended today from 3.84 percent, Freddie Mac [...]

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IRS Issues Final Rule Extending Deduction for Prepaid Mortgage Insurance – Bloomberg BNA

May 7, 2012 – 5:48 pm

IRS Issues Final Rule Extending Deduction for Prepaid Mortgage InsuranceBloomberg BNAFinal regulations reflect 2010 legislation that extended the allowance for the deduction of mortgage insurance premiums as qualified residence interest. The rules detail how to allocate prepaid qualified mortgage insurance premiums to determine the …Allocation of Mortgage Insurance PremiumsInsurance News Net (press release)all 2 news [...]

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U.S. Jumbo Mortgage Rates Comparison – Bloomberg

May 6, 2012 – 1:52 pm

U.S. Jumbo Mortgage Rates ComparisonBloombergFollowing is a comparison of mortgage rates for "jumbo" mortgages or mortgages greater than $ 417000. During the past five years, the monthly mortgage payment for a hypothetical $ 500000 30-year fixed jumbo mortgage has fallen $ 526 according to a survey … Mortgage Rates Today 15 Year Fixed Jumbo – [...]

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Tax System Is America’s Biggest Spender – Bloomberg

April 29, 2012 – 2:23 am

Bloomberg Tax System Is America's Biggest SpenderBloombergYou and your neighbor might have the same income, but if, unlike your neighbor, you fail to have a mortgage or buy as much health insurance, then you have to pay higher taxes. You may feel very differently about tax deductions, government handouts and …and more » Mortgage Insurance Premium [...]

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Derivatives Lobby Has US Regulators on the Run – Bloomberg

April 24, 2012 – 5:17 am

Derivatives Lobby Has US Regulators on the RunBloombergLook no further than American International Group Inc.'s notorious mortgage-insurance contracts, which triggered the run of financial bailouts. Or the synthetic collateralized debt obligations that multiplied the market's exposure to subprime mortgages …and more » Mortgage Insurance Companies Of America Lobbying – Google News

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Mortgage Rates in US Increase for First Time in Four Weeks – Bloomberg

April 20, 2012 – 7:40 am

KPIC Mortgage Rates in US Increase for First Time in Four WeeksBloombergMortgage rates in the US rose for the first time in four weeks, increasing borrowing costs as demand for housing is slow to recover. The average rate for a 30-year mortgage climbed to 3.9 percent in the week ended today from 3.88 percent, …US [...]

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U.K. Inflation Accelerates for First Time in Six Months – Bloomberg

April 18, 2012 – 1:17 pm

Bloomberg U.K. Inflation Accelerates for First Time in Six MonthsBloombergThe reading was higher than the 3.4 percent median forecast of 37 economists in a Bloomberg survey. Divisions have emerged at the Bank of England as a jump in energy prices threatens to stoke an inflation rate in its third year above target, …and more » Mortgage [...]

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