Britain limped out of its longest ever recession in the fourth quarter of 2009, official data showed on Tuesday, but massive debt is set to stunt recovery beyond a looming general election. » Read more…
Category Archives: Mortgage Market
British economy crawls free of record recession
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Fed emergency loans to banks continue to decline
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Banks borrowed less from the Federal Reserve’s emergency lending program over the past week, another sign that strains on private credit markets are easing. » Read more…
A look at global economic developments
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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A look at economic developments and activity in major stock markets around the world Friday: » Read more…
US banks have $176 bln exposure to Greece, others
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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The total exposures to these nations, however, comprises only around 5 percent of the total foreign exposure of U.S. banks, Barclays analysts Jonathan Glionna and Miguel Crivelli said in a report. » Read more…
Housing construction up 2.8 percent in Janury
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Housing construction posted a better-than-expected increase in January which pushed activity to the highest level in six months. The solid gain raised hopes that the construction industry is beginning to mount a sustained rebound from its worst slump in decades. » Read more…