Posts Tagged ‘Market’

Mortgage Backed Securities and the Real Estate Market: Where Do We Go From Here?

Mortgage Backed Securities and the Real Estate Market: Where Do We Go From Here?
RISMEDIA, February 10, 2010—The Treasury Department and the Federal Reserve Board have been purchasing mortgage-back securities from Fannie Mae and Freddie Mac for a little over a year now. Their efforts, along with the Home Buyer Tax Credit have helped…

Read more on RISMedia Real Estate News

Stock Market News for February 12, 2010

Stock Market News for February 12, 2010
Today’s premarket futures suggest some weakness on concerns over China’s tightening of its monetary policy as well as the euro zone’s insignificant fourth-quarter GDP growth of only 0.1%.

Read more on Zacks.com via Yahoo! Finance

Ottawa weighs stricter rules for mortgages as market soars

Ottawa weighs stricter rules for mortgages as market soars
Ottawa is considering new rules that would force banks to use tougher criteria to evaluate mortgage borrowers, a move to ensure that consumers aren’t taking on more debt than they can handle when they buy a home.

Read more on The Globe and Mail

Ex-central bank chief warns on housing market

Ex-central bank chief warns on housing market
Canadian house prices are close to unsustainable levels and while rapid interest rate hikes may not be appropriate, the country’s housing agency should look carefully at which mortgages it insures, a former Bank of Canada governor said on Wednesday.

Read more on Reuters via Yahoo! Canada News

Commonwealth Bank Net Rises on Fewer Defaults, Market Recovery

Commonwealth Bank Net Rises on Fewer Defaults, Market Recovery
Feb. 10 (Bloomberg) — Commonwealth Bank of Australia , the nation’s biggest lender, said fiscal first-half profit climbed 13 percent as fewer customers defaulted on loans and global markets recovered.

Read more on Bloomberg

Borrowers review loans in mortgage market shake-up

Borrowers review loans in mortgage market shake-up
The mortgage market is going through a major shake-up at present which should encourage borrowers to review their existing loans. Related Stories A question of money: RIpped-off by credit card debt clearance firm

Read more on Belfast Telegraph

What Happens to Market and Economy When Boomers Begin Consuming their Retirement Incomes?

What Happens to Market and Economy When Boomers Begin Consuming their Retirement Incomes?
The burden of today’s Daily Reckoning is to figure out what’s going to happen when Australia’s millions of baby boomers retire. From the looks of it, the stock market will crash, government finances will be stressed, and the economy is going to slow. None of that sounds very promising.

Read more on The Daily Reckoning

When share market slows opportunities go begging

When share market slows opportunities go begging
Although the Thai stock market rose by 63% last year, both local and foreign investors are currently taking a more cautious stance because of political uncertainty within the country, says Pattera Dilokrungthirapop, CEO of DBS Vickers Thailand.

Read more on Bangkok Post – Thailand’s English news

Insurer Genworth investing in the middle-income market

Insurer Genworth investing in the middle-income market
Genworth Financial Inc. is investing more money in its life insurance, long-term-care and retirement savings operations, Chairman and CEO Michael D. Fraizer said yesterday. This month, Henrico County-based Genworth transferred $200 million of capital to expand those operations, aimed at middle-income consumers. “This is good-news money,“ Fraizer said of the move. “We see more growth …

Read more on Richmond Times-Dispatch

Housing market continues its recovery

Housing market continues its recovery
The housing market was given a further boost yesterday when the British Bankers’ Association released figures showing that the number of mortgages approved jumped to the highest level for more than two years in December.

Read more on Independent