December 9, 2013
Deirdre M. Daly, Acting United States Attorney for the District of Connecticut, announced that Henry J. Papale, 62, of Southington, was sentenced today by Senior U.S. District Judge Ellen Bree Burns in New Haven to 30 months of imprisonment, followed ...
A former relationship manager at Royal Bank of Scotland is facing a possible jail sentence after pleading guilty to two out of three counts relating to a £3m mortgage fraud. The case, originally brought before the Old Bailey in October, involves two ...
- Inventories of homes for sale have been slow to bounce back since the 2007-09 recession, despite steady price appreciation since January 2012. Normally, higher prices reflect robust sales. But lately, prices have been rising even though sales remain stuck at relatively low levels. Many prospective buyers attribute the low sales volume to a lack of inventory on the market. So why are there so few homes for sale? Two Fed economists examine the many factors affecting inventory levels.
- The percentage of homeowners who owe more on their mortgages than their homes are worth has declined to less than 12 percent as of the third quarter of this year, according to Lender Processing Services' (LPS) Mortgage Monitor report. While the increasing number of homeowners rising above water is good news for the market, LPS detects some tumultuous seas ahead as a cloud of problem home equity loans forms on the horizon.
Up to 30,000 home owners are believed to be taking advantage of a ban on foreclosures designed to protect mortgagors who have been unable to pay their loans since the economy went into freefall, Kathimerini understands. According to bank estimates ...
- HONG KONG, Dec 9- Hong Kong shares edged higher on Monday but gains were capped by a reversal in Chinese banks, after the central bank issued rules for the trading of certificates of deposits, reigniting fears that interest rate liberalisation will crimp margins.
- HONG KONG, Dec 9- China shares kicked off the week on a sluggish note on Monday, with the banking sector a drag following a series of reports on financial reforms ahead of a key central economic work meeting that will set policy goals for the new year.
- HONG KONG, Dec 9- KKR& Co LP and Bain Capital are among suitors which have placed initial bids for Tyco International Inc's South Korean security systems unit, a business valued at about $1.6 billion, people familiar with the matter said.
- The financial services industry continues to fight eminent domain proposals, but despite winning a few battles, the war is far from over. And how long will zero interest rate policies last? All that and more in Monday Morning Cup of Coffee.
December 8, 2013
- Concerns Hong Kong home prices face a hit from any Federal Reserve moves to begin tapering its asset purchases may not pan out, analysts say.