Tag Archives: BusinessWeek

Canada Housing Bubble Talk Dismissed – BusinessWeek

May 11, 2012 – 7:56 pm

Globe and Mail Canada Housing Bubble Talk DismissedBusinessWeekCanadian housing starts rose to the highest since September 2007 last month, led by multiple-unit projects, Canada Mortgage & Housing Corp. said yesterday. The annual pace of home starts rose 14 percent to 244900, Ottawa-based CMHC said.April 2012 Housing StartsMarketWatch (press release)CMHC says has no special guidance on [...]

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UBS Bets on Toxic Debt Demand After Fed’s Sale – BusinessWeek

May 7, 2012 – 1:55 pm

UBS Bets on Toxic Debt Demand After Fed's SaleBusinessWeekHedge funds, insurers and money managers bought the bonds to gain higher returns as the US central bank pledges to hold interest rates near zero through at least 2014, with AIG buying $ 600 million of the debt, according to the New York-based insurer's …and more » Mortgage [...]

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Mortgage-Tax Break Curbed by Housing Slump – BusinessWeek

April 22, 2012 – 6:11 am

Mortgage-Tax Break Curbed by Housing SlumpBusinessWeekThat trend continued in 2010, the IRS said in a report last month, as preliminary data showed that lower interest rates, home ownership and home prices curbed use of the tax deduction by 7.2 percent. “People are walking away and losing their homes and …and more » Mortgage Interest Rates Trend [...]

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Bank of America bad-loan provisions at 2007 level – BusinessWeek

April 20, 2012 – 7:40 am

Los Angeles Times Bank of America bad-loan provisions at 2007 levelBusinessWeekBy PALLAVI GOGOI Bank of America said Thursday that it set aside less money to cover bad loans in the first three months of the year than it has since before the 2008 financial crisis. Because Bank of America serves about half the nation's households, [...]

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FHA Bailout Risk Looming After Guarantees: Mortgages – BusinessWeek

April 17, 2012 – 5:21 pm

FHA Bailout Risk Looming After Guarantees: MortgagesBusinessWeekMortgage servicers collect monthly payments and manage the foreclosure process. As the FHA tripled its home-loan insurance to $ 1.1 trillion since 2007, defaults and expected defaults drained its cash reserve below the 2 percent legal threshold the last …and more » Fha Upfront Mortgage Insurance Premium 2011 – Google [...]

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ANZ Mortgage-Rate Rise Will Anger Customers, Swan Says – BusinessWeek

April 16, 2012 – 9:53 pm

Bloomberg ANZ Mortgage-Rate Rise Will Anger Customers, Swan SaysBusinessWeekBy Jason Scott on April 13, 2012 Australia & New Zealand Banking Group Ltd. (ANZ)'s decision to increase mortgage interest rates, citing higher funding costs, will anger its customers, Australian Treasurer Wayne Swan said today.Australian Home Loans, Confidence Drop Pressures RatesBloombergWait for the RBA D-DayBusiness Spectatorall 215 [...]

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Record Treasury Demand Keeps Yields Low as Supply Shrinks – BusinessWeek

April 9, 2012 – 5:22 am

Record Treasury Demand Keeps Yields Low as Supply ShrinksBusinessWeek“Investors are holding an overwhelming amount of cash in the system and chasing fewer securities, which has supported Treasuries,” said Dominic Konstam, global head of interest- rates research in New York at Deutsche Bank AG, one of 21 primary dealers …and more » Mortgage Interest Rates History 2011 [...]

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Virgin Money Seen Disrupting UK Retail Banks – BusinessWeek

March 29, 2012 – 9:16 am

Virgin Money Seen Disrupting UK Retail BanksBusinessWeekThey control almost 80 percent of personal checking accounts, 71 percent of mortgage lending and about 60 percent of savings accounts, according to the UK's Independent Commission on Banking. Now, the question is whether Branson can reorder British …and more » Uk Mortgage Interest Rates History – Google News

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Committee to Save World Repudiated by Successors – BusinessWeek (blog)

March 25, 2012 – 9:19 pm

Committee to Save World Repudiated by SuccessorsBusinessWeek (blog)You can, however, let banks do what they want to do over a broad range of activities, but require that they have enough capital to thwart default and contagion.” The US government committed $ 700 billion for financial firms, auto companies and programs …and more » Mortgage Insurance Companies [...]

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Bales Fought Losing War on Home Front as Mortgage Debt Mounted – BusinessWeek

March 20, 2012 – 1:26 pm

Bales Fought Losing War on Home Front as Mortgage Debt MountedBusinessWeekThe Bales family found subprime lenders who financed their two homes on terms that included balloon payments and floating interest rates starting at 8 percent. Six years later, the houses are worth $ 148000 less than the initial loan amounts.and more » Mortgage Interest Rates History [...]

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