Mortgages News

Treasury prices fell sharply early Monday, tracking declines in Japanese and European bonds, after data from both regions bolstered expectations for higher interest rates across the globe. The benchmark 10-year note was last trading down 10/32 at 96 30/32. Its yield (TNX) , used in setting corporate and mortgage borrowing rates, was last at 4.894% compared with 4.853% late Friday. The 30-yea ...

NEW YORK (Dow Jones) -- General Motors Corp. said Monday it will sell a 51% stake in General Motors Acceptance Corp., its most profitable unit, to an investor group led by Cerberus Capital Management. GM (GM) said it will generate some $14 billion in cash from the deal over three years, a boost in liquidity at a time when the No. 1 U.S. automaker has agreed to a turnaround plan involving the bu ...

NEW YORK (Dow Jones) -- General Motors Corp. said Monday it will sell a 51% stake in General Motors Acceptance Corp., its most profitable unit, to a private investor group led by Cerberus Capital Management. GM (GM) said it will generate some $14 billion in cash from the deal over three years, a boost in liquidity at a time when the No. 1 U.S. automaker has agreed to a turnaround plan involving ...

By Ana Nicolaci da Costa LONDON (Reuters) - Sterling hit an 8-month low against the euro on Monday, as contrasting manufacturing growth data in Britain and in the euro zone reinforced the diverging rate outlooks that have recently kept the pound under pressure. While Britain's manufacturing sector expanded at its weakest pace in seven months in March, manufacturing in the euro zone grew at its f ...

Dominic Prince, Mail on Sunday2 April 2006 JONATHAN Hunt created the Foxtons estate agency empire in his own image - ruthless, single-minded and highly successful. And the rewards have been substantial. His £350m fortune has enabled him to buy Heveningham Hall, a gigantic mansion in Suffolk, and a house in Kensington Palace Gardens, London's most exclusive street. WANT TO KNOW MORE? R ...