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<.GSPTSE> took a sharp turn downward over renewed financial-sector worries tied to the liquidity crunch and U.S. subprime mortgage turmoil. ‘So far, investors haven’t been too concerned about the impact of sky-high crude prices on the consumer and the
for Treasurys Wednesday, there are persistent concerns in investors’ minds about the credit market. Earlier in the week, mortgage purchaser Freddie Mac reported a $2 billion quarterly loss and increased its provisions for loan losses.
member of the Re/Max Hall of Fame, is accused of owing at least some of her success to mortgage fraud. In a letter to Re/Max’s Denver headquarters, the Pinellas Realtor Organization and many of her fellow agents, an anonymous sender claims Polin
of the banking sector and how it will be left after a steady stream of write-offs on soured mortgage debt. With banks having announced about $75 billion in writedowns for the third and fourth quarters, investors are likely girding for more bad news. On
of the banking sector and how it will hold up amid a continued stream of write-offs on soured mortgage debt. With banks having announced about $75 billion in write-offs for the third and fourth quarters, investors are girding for more bad news. Late
has also shown skepticism for Brown’s government. As government ministers urged savers not to withdraw deposits from ailing mortgage lender Northern Rock, lines snaked around town centers with investors eager to empty accounts. Banks have fielded calls
it added. David Dooks, the association’s director of statistics, said: ‘October’s data provides evidence of a rapidly slowing mortgage market and of consumers limiting their personal borrowing. ‘Pressure on household finances, the cumulative impact of
for Treasurys Wednesday, there are persistent concerns in investors’ minds about the credit market. Earlier in the week, mortgage purchaser Freddie Mac reported a $2 billion quarterly loss and increased its provisions for loan losses. And many investors
public has also shown skepticism for Brown’s government.As government ministers urged savers not to withdraw deposits from ailing mortgage lender Northern Rock, lines snaked around town centers with investors eager to empty accounts.Banks have fielded
lower on concern about the health of the banking sector after a steady stream of write-offs on soured mortgage debt. Banks have announced about $75 billion in writedowns for the third and fourth quarters and there’s a fear about the possibility of more