Unsold homes in US rise by 5%
Story date: 2007-08-28 12:11:00
Added on: 2007-08-28 09:35:03
MSN MoneyCentral - Economists fear a vicious circle as rising defaults on high-risk subprime mortgages trigger a crisis of confidence in credit markets that will weigh on demand and make it more difficult for distressed homeowners to sell or refinance their property. ...
Read more...
Related Stories:
-
New Zealand Dollar Gains to Two-Week High After Fed Cuts Rate
Bloomberg - New Zealand's dollar slipped 0.6 percent in the second-half of last year and the S&P lost 3.4 percent as rising...
2008-01-30 01:42:00 -
New Zealand Dollar Falls as U.S. Jobs Drop Hits High-Yielders
Bloomberg - The kiwi dropped to as low as 66.41 cents in August as rising defaults in U.S. subprime, or high risk,...
2008-03-09 01:41:00 -
Canadian Banks Poised to Buy More Abroad With Dollar (Update1)
Bloomberg - Canada's second-biggest bank passed on RBTT because ``it didn't fit for us,'' Waugh said. Scotiabank is already the largest ......
2007-10-03 01:00:00 -
NEXT UP-Are jobless claims the new payrolls?
Reuters - NEW YORK, Sept 4 (Reuters) - Weekly jobs data normally play second fiddle to the broader monthly employment figures, but...
2007-09-04 02:53:00 -
Australian, N.Z. Dollars Post Biggest Annual Gain in Four Years
Bloomberg - The currency gained 12 percent this year from 78.86 cents at the end of 2006, its second annual gain. The...
2007-12-30 10:11:00 -
Australia's U.S.-Linked Stocks Fall; James Hardie; Lihir Rises
Bloomberg - Stocks of companies connected with the U.S. housing market declined in the second half of 2007 as rising defaults in...
2007-12-29 03:53:00 -
US mortgage woes: Are you affected?
BBC News - Sub-prime lending - loans and mortgages for people with poor credit histories - has been big business in the...
2007-09-17 05:33:00 -
Profit motives helped drive marketing of subprime loans to excess (Belleville News-Democrat)
Q. I have read a great deal about the problems on Wall Street associated with the subprime mortgage losses. Doesn't the investment...
2008-02-10 03:34:32