European stock markets fell sharply Tuesday as investors reacted to weak earnings data from US aluminium producer Alcoa, which kicked off the latest results season in the world’s biggest economy. » Read more…
Category Archives: Mortgage Rates
European stocks slide after poor Alcoa earnings
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Record year for foreclosures as unemployment rises
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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A record 2.8 million households were threatened with foreclosure last year, and that number is expected to rise this year as more unemployed and cash-strapped homeowners fall behind on their mortgages. » Read more…
HUD acts to speed foreclosed properties resales
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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The U.S. government is taking action to speed the resale of foreclosed properties by temporarily expanding access to Federal Housing Administration mortgage insurance, U.S. housing officials said on Friday. » Read more…
Sweden urges US-style EU bank tax
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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Sweden has called for a European tax on banks similar to a new US scheme, in a bid to fix broken public finances and build a buffer against future financial crises. » Read more…
China lending fears weigh on world markets
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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China’s main stock market led global exchanges lower Wednesday as investors fretted about the possibility of further lending curbs in the country. A raft of U.S. bank earnings later also kept investors on edge. » Read more…