Asian stocks rebound on Fed's remarks
Asian stocks rebounded from an eight-week low after the Federal Reserve said the US ... the US economy will probably weather sub-prime mortgage defaults that sparked a US$2.65-trillion sell-off in ... yen (US$10,232). Mizuho Financial Group Inc, Japan's second-biggest lender, climbed 3.6 percent to 712,000 yen. ...
Wall Street rises on Cisco results and Fed statement
tougher because of losses in the subprime mortgage market. The market has improved since the ... Risky, high-yielding corporate bonds rose, while safe, low-yielding government bonds fell. The Dow rose 153.56, ...
City folk attracted by cheaper homes
country NSW by bargain house prices and low rents that wouldn’t cover a Sydney garage. ... to learn about the work, lifestyle and mortgage-relief opportunities on offer. “With more and more ...
Budgets, first-home buyers hit hardest
an average $250,000 standard variable rate mortgage. And that will hit first-home buyers and low-income and working families the hardest, mortgage companies and housing groups said. The rate rise will make housing even less affordable ...
An Up-And-Down Day At The Market Ends Up
tougher because of losses in the subprime mortgage market. The market has improved since the ... Risky, high-yielding corporate bonds rose, while safe, low-yielding government bonds fell. The Dow rose 153.56, ...
A Gloomy Forecast For Home Sales
Home sales will hit a five-year low this year, as wary lenders cut back ... $417,000 individual limit for home mortgages that mortgage giants Fannie Mae and Freddie Mac are ...
IKB lands large catch of subprime problems
the once-lucrative, but now crisis-hit, US subprime mortgage market. IKBs troubles went from bad to ... are included. Until now, IKB was a low-profile institution rooted in the solidity of financing ...
Markets: US, Europe stocks surge
Dow swung 211.03 points from its session low at 13,484.79 to its session high at ... at 1554.36 points, closing higher for a second session and recovering from four-month lows hit ... problems are so far only in the mortgage and credit markets ... there is potential ...
Subprime sector looks to Washington
of bad news in the US subprime mortgage market continues, investors and politicians this week ... present when there are contractions in the flow of mortgage credit and that it may ...
County weathers housing, lending slump
report. Gone is the no-money-down, low-interest-rate, adjustable mortgage that fueled the national housing boom, national ... awakening, they predict. But buyers counting on low interest rates and easy credit also could ...