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| | | ... Composite Index fell 12.19 points to 2,654.29. LONDON - UK stocks fell as worries over Northern Rock and other mortgage lenders returned, halting the previous session's euphoria that was triggered by the aggressive US rate cut. The FTSE 100 dropped 31 ... |
| | | | ... The law means any asset that passes a five-question test will be considered investable. The questions include whether lenders offer choice of asset, SMSF's have enough funds, the loan is non-recourse, whether the asset is beneficial from day one and ... |
| | | | Should non-conforming lenders conform? A parliamentary inquiry into mortgage lending practices has prompted leading accounting firm Deloitte to call for more transparency and disclosure in the lending industry. Amid a housing market spooked by the US ... |
| | | | While central banks having to provide lines of credit to lenders as a result of the credit crunch is dragging the banking sector into the crisis, it shows how institutional investors are still as a group too weak to not require banks to lead them, said ... |
| | | | ... Rock. Indeed in Australia, concerns are mounting similar pressures may be mounting, albeit on a smaller scale, for other lenders and we may start to find that the least of our interest worries will be what the Reserve Bank intends doing with their official ... |
| | | | ... there's some underlying problems with US housing and the sub-prime crisis and people over-extending themselves and mortgage lenders over-extending themselves. "(So) everyone's sitting on their hands... just biding our time." US stocks fell overnight ... |
| | | | ... Nikkei average lost 13.90 points to 16,287.49. HONG KONG - China plays snapped a six-session gaining streak, as mainland lenders tracked global financial plays lower amid renewed subprime worries. The benchmark Hang Seng Index closed down 213.97 points ... |
| | | | ... years in July, adding to concerns about the housing market and consumer spending. Shares of banks, brokers and mortgage lenders fell on persisting credit worries and after Goldman Sachs slashed its earnings forecast on Lehman Brothers, Bear Stearns and ... |
| | | | Reverse mortgage lenders group SEQUAL has released an improved code of conduct, tightening conditions on 'no negative equity guarantees' and providing better protection to retirees. The new minimum standards for the mandatory 'no negative equity guarantee' ... |
| | | | ... continue monitoring the situation, fully prepared to take further action as needed. Considering the 70 or so mortgage lenders who have gone to the wall and numerous hedge funds struggling not to, the Fed is addressing a more dangerous issue of a confidence ... |
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