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Showing 1201 - 1210 of 2203 results for "Mortgage"

Bending it like Bernanke

BENJAMIN ONG  |  WEDNESDAY, 11 AUG 2010
... financial markets. Yes Virginia, the Fed announced that it would reinvest the proceeds from its profitable portfolio of mortgage-backed securities into US Treasury bonds to keep the "fun" going. "To help support the economic recovery in a context of ...

Balmain offers $295m to City Pacific investors

RUTH LIEW  |  TUESDAY, 10 AUG 2010
BalmainTRILOGY (BT) is aiming to return $295 million to embattled unitholders of the Pacific First Mortgage Fund. BT, which took over the management of the City Pacific First Mortgage Fund more than a year ago, said it is now in a position to start ...

Waiting to exhale

BENJAMIN ONG  |  TUESDAY, 10 AUG 2010
... nudge down interest rates further along the yield curve by reinvesting the proceeds (principal and interest) from its mortgage-backed securities portfolio. Expectations alone have brought yields on 2-year, 5-year and 10-year bonds lower last night. Not ...

Gillard Govt to tighten reverse mortgages rules

RUTH LIEW  |  MONDAY, 9 AUG 2010
Reverse mortgages holders will receive more protection during a property downturn if Labor continues to hold government after the election - but the industry's peak body said most of these proposed policies are already in place. A re-elected Gillard ...

Super, homes and savings a happy combo

RUTH LIEW  |  TUESDAY, 3 AUG 2010
... the biggest source of wealth most people will own. Sixty-nine percent of households own their home (with or without a mortgage), and the average value of the family home is $412,000, with mortgages over the family home averaging $142,000. In contrast ...

Which way USA

BENJAMIN ONG  |  MONDAY, 2 AUG 2010
... 0.59 per cent to growth. This may have been affected by the first homebuyers tax credit but low house prices and lower mortgage rates and increasing income (see above) should prevent an outsized slump going forward. Non-residential or business investment ...

House call

BENJAMIN ONG  |  TUESDAY, 27 JUL 2010
... increased. The median price fell by 1.4 per cent in June and is 0.6 per cent lower over the year. Lower prices and falling mortgage rates - thanks to safe-haven buying of US Treasuries, thanks to the European sovereign debt crisis - should encourage ...

Goldman Sachs pay $620m to settle SEC lawsuit

SEC RELEASE, BLOOMBERG  |  FRIDAY, 16 JUL 2010
... penalty ever levelled against a financial firm, for allegedly misleading investors regarding the deals behind its sub-prime mortgage product. Goldman Sachs & Co has agreed to settle with the SEC without denying or admitting to the allegations. The charges ...

Market Wrap - Morning

AAP  |  FRIDAY, 16 JUL 2010
The Australian share market has received a modest negative lead from offshore markets as Wall Street traders examined the details of an overhaul of the US financial system and Goldman Sachs' settlement of fraud charges. At 0735 AEST on the Sydney Futures ...

Pause

BENJAMIN ONG  |  THURSDAY, 15 JUL 2010
... spending would show a rebound of 0.1 per cent in the month, a sharp reversal from the 1.0 per cent fall in May. Next. The Mortgage Bankers Association (MBA) reported that home loan applications declined by 3.1% in the week ended 9 July. This is the lowest ...