Mortgages News

BEIJING (XFN-ASIA) - China property tops the list of equities likely to be hurt by Friday's interest rate increase, with some profit-taking expected, analysts said. However, the modest size of the hike should limit its impact on the fundamentals of other interest rate sensitive stocks such as banks and insurers. "The China equity market has risen significantly over the past month, on strong ...

Tom Kelly, Daily Mail21 August 2006 LIVING costs for the middle classes are rising at more than four times the official rate of inflation, an economist warned yesterday. RISING COSTS: Middle class families are paying out more WANT TO KNOW MORE? SWITCH & SAVE: Cut your home bills REPORT: Is switching still worth it? TABLES: Best saving products OTHER STORIES Royal Mail postage row Market report: Monday preview Going bust, the wannabe WAGs The great airport par ...

Becky Barrow, Daily Mail21 August 2006 WOMEN who yearn for the life of a footballer's wife are causing a surge in female bankruptcies. WAYNE'S WAG: Coleen is often seen down the shops WANT TO KNOW MORE? DEALING WITH DEBT: Debt guides SWITCH & SAVE: Cut your bills BEST CARDS: Low life of balance cards OTHER STORIES Royal Mail postage row The great airport parking con Market report: Monday preview Middle class inflation at 10% India giant wants UK lottery  ...

HONG KONG (XFN-ASIA) - Morgan Stanley said the latest interest rate hike in China is likely to be neutral for the margins of banks and insurers operating on the mainland. China's central bank raised the benchmark one-year deposit and lending rates by 27 basis points over the weekend. The rate hike was aimed at guiding investment and credit growth, the government said. This is the second time thi ...

WASHINGTON (Dow Jones) -- It's a quiet week ahead for U.S. economic data, with orders for durable goods and home sales the only major releases. July home sales will be the chief focus of the markets, and the news probably won't be very encouraging. "The upcoming week will be a reminder that all's not well in the USA," said Avery Shenfeld, senior economist for CIBC World Markets. Stu Hoffman, ...

NEW YORK (AFX) - Martha Aikens was on the verge of losing her home in early 2004. The culprit: a "stated-income" loan that she had been induced to take out one-and-a-half years earlier but was never able to make a single payment on. Aikens, a widow in her 70s, sought to refinance the mortgage on her home in Evanston, Ill., near Chicago, in May 2002. However, to qualify her for a higher- ...

Lucinda Kemeny, Mail on Sunday20 August 2006 SAGA, the insurance and travel provider for over-50s, is raising £500m in fresh debt, which will see its private equity owner recoup its investment and set the group on course for a £2bn flotation. WANT TO KNOW MORE? ADVICE & TIPS: Retirement planning OTHER STORIES India giant wants UK lottery Price warning for greedy  ...