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RPT-Fitch: House Price Affordability Strained in Major Global Cities
RPT-Fitch: House Price Affordability Strained in Major Global Cities Fitch Ratings says in its latest annual Global Housing and Mortgage Outlook report that while relatively high house price to income ratios in major global cities (such as London, New York, San Francisco and Tokyo) versus national averages can partly be 

Bernard Hickey: Predictions need a pinch of salt
Those who fixed mortgages in 2009 will be particularly sceptical. Inflation is actually still very subdued. Some think a Chinese financial meltdown or another European crisis could derail the global recovery, and there remain plenty of doubts about how

Ally CEO Sees IPO Road Show in the First Half of This Year
Burdened by shoddy subprime mortgages, Ally had begun reporting losses in 2007 that reached $10.3 billion in 2009. With the firm on the brink of failure, the U.S. engineered a rescue to ensure money kept flowing to the auto industry and preserve jobs.

To lock or not to lock? That is the question for new home buyers as interest ...
INTEREST rates on fixed mortgages have hovered at record lows but history shows it's an each-way bet to getting ahead if you lock in loan. Analysis of fixed rates over the past 20 years by financial ratings firm Canstar found it is 50-50 when it comes

Global Mortgage Financials - Loan Modification Orange County -

Lenders do not want your home or the hassles and costs associated with foreclosure. Global Mortgage Financials are experts at negotiating with ...

'Everything's falling apart around our ears', share market trader warns

The Australian share market has taken hit after hit, and yet, today, once again, it held up reasonably well.

By reasonably well, I mean it didn't drop sharply like other global markets did overnight.

Is it blissful ignorance, or a new-found reality that Australia has become a regional safe haven for global investors?

The latest bit of market "news" is that several regional banks have announced they will be lifting the rates of some of their mortgage products.

Late on Monday, the Bank of Queensland announced it will increase variable home loan interest rates for its customers from July 2, citing a sharp increase in funding costs.

Five lenders are now increasing mortgage rates by up to 40 basis points or 0.40 percentage points.

Why? They say they can no longer absorb the impact of rising funding costs.

'Blinded to the bad news'

There's been mixed reaction from regional bank shareholders, but it's actually the big four banks that are supporting the market at present.

Is China immuned from the global subprime mortgage crisis?

This is for a discussion question at school.

Do you think the economy of China will be "immuned" from the global subprime mortgage crisis?

To understand the global sub-prime mortgage crisis watch these videos 4g&feature=related Kc&feature=related