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NEW YORK, Aug 27 (Reuters) - A New York City commercial property that may signal growing problems in the sector could avoid foreclosure, but Standard & Poor's doubts that the $225 million loan on the building is out of the woods, the rating agency ...
Read moreRiverton Apt in New York may avoid foreclosure - Reuters
Prime properties in the heart of rural England have finally been drawn into Britain's sliding housing market, it emerged today, as Nationwide Building Society reported that prices are falling at their fastest annual rate in almost 18 years. Savills ...
Read moreNationwide says house prices falling fastest in 18 years - Times Online
Aug. 28 (Bloomberg) -- SLM Corp., the biggest U.S. college lender, cut the amount it can borrow for education loans through two banking agreements by $6.3 billion, or 20 percent, prompting Moody's Investors Service to consider downgrading SLM debt ...
Read moreSallie Mae Lowers Amount for Private Loans, May Face Downgrade - Bloomberg
Aug. 28 (Bloomberg) -- Credit Agricole SA , France's third- largest bank by market value, said second-quarter profit dropped 94 percent on writedowns tied to U.S. bond insurers. Net income fell to 76 million euros ($112 million) from 1.29 billion ...
Read moreCredit Agricole Quarterly Net Drops 94% on Writedowns (Update3) - Bloomberg
Fears that taxpayers may end up footing an even bigger bill for Northern Rock intensified yesterday after it emerged that the nationalised bank was suffering dramatically high default rates. Northern Rock borrowers falling more than 90 days behind on ...
Read moreNorthern Rock defaults leave taxpayers facing bill - Times Online
Fears that taxpayers may end up footing an even bigger bill for Northern Rock intensified yesterday after it emerged that the nationalised bank was suffering dramatically high default rates. Northern Rock borrowers falling more than 90 days behind on ...
Read moreTaxpayers may foot Northern Rock bill for defaults - Times Online
NEW YORK , Aug. 28 /PRNewswire-FirstCall/ -- Mortgage rates were lower for the second week in a row, with the average conforming 30-year fixed mortgage rate falling to 6.60 percent. According to Bankrate.com's weekly national survey of large lenders ...
Read moreBankrate: Mortgage Rates Dip Again - MSN MoneyCentral
QuestSoft, a leading provider of compliance software and services for lenders, announced it now offers automated income tax return analysis and tax verification services through its Cipher1 Tax Suite. Cipher1 simplifies and improves the accuracy rate ...
Read moreQuestSoft Touts Income Analysis Software - Forbes
* The banking sector saw sharp and better-than-expected growth in the first half, but challenges remain: Shanghai-based analyst BEIJING: China’s banking sector, once considered the weakest link in the nation’s economy, has had a spectacular first ...
Read moreChinese banks boom, but bad loan risk is looming - Daily Times
WALNUT CREEK, Calif., Aug. 26 /PRNewswire-FirstCall/ -- The PMI Group, Inc. (NYSE: PMI) (the Company) today announced that Standard & Poor's (S&P) lowered the insurer financial strength ratings of PMI Mortgage Insurance Co. (PMI U.S.) to A- from A ...
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