Home Front - Following The Subprime Fallout
How will the subprime mortgage mess, high mortgage rates, falling home prices and tougher standards for equity lines of credit impact you? We're tracking all of it, providing the latest, most comprehensive information.
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
To promote its latest version of EA Sports Active, EA Sports More Workouts, Electronic Arts last week opened two one-month trial spaces where consumers can test the exercise game.
- Dubai's Debt Woes Signal New Era for Creditors
The fact that Dubai has been struggling under huge debts is not a surprise to anyone who has followed the Emirate’s economy over the last 10 years.
- Market Tips: Don't Fret Too Much About Dubai Debt
Global stocks sold off sharply on Friday, with Asia's Kospi and Hang Seng indexes down over 4 percent, as concerns about contagion from Dubai's debt crisis curb investors' appetite for riskier assets.
- Dubai Debt Woes 'A Blip', Won't Lead to Global Fallout: Strategist
Dubai's financial troubles will not trigger a significant global fallout, said Arjuna Mahendran, managing director and head of investment strategy Asia at HSBC Private Bank.
- Dubai Debt Delays Revive Fear of Financial Crisis
Investors recoiled from risky assets on Friday and dumped shares in Asian banks and builders, fearing a Dubai debt default could reignite the financial turmoil of the credit crisis
- China Stock Bubble to Burst Next Year: M.Stanley
China's ballooning stock market bubble, fuelled by excessive liquidity, is likely to burst in the first half of 2010, punctured by economic concerns arising from higher-than-expected inflation, Morgan Stanley Asia Executive Director Jerry Lou said on Thursday.
- Market Tips: Gold Is Overbought; Dollar to Stay Weak
Global stocks were lower on Thursday, with China's Shanghai Composite closing 3.6 percent lower, while gold hit another new record to $1,194.90 an ounce, as Debt problems in Dubai curbed investors' risk appetite.
- Dubai Struggles to Ease Debt Fears; Investors Rattled
Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a centre for investment and a source of capital.
- Fed to Counsel Moviegoers on How to Use Credit Cards
The U.S. central bank is going to the Big Screen to counsel consumers about how to use their credit cards wisely during the holiday shopping season.
- Oil Dips Toward $77 on Slow Demand, Financial Markets
Oil fell towards $77 on Thursday in line with falls across financial markets and as weak demand for fuel offset potential support from a weak dollar.
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
YOU & YOUR HOME
- Fed to Counsel Moviegoers on How to Use Credit Cards
The U.S. central bank is going to the Big Screen to counsel consumers about how to use their credit cards wisely during the holiday shopping season.
- Judge Erases Couple's $525,000 Mortgage Payment
A Suffolk judge cancelled $525,000 in mortgage payments being demanded by California bank OneWest and its IndyMac mortgage division, criticizing its "harsh, repugnant, shocking and repulsive" behavior, the New York Post reported Wednesday.
- Mortgage Rates Continued to Decline Last Week
Rates on 30-year mortgages dropped in the past week to match a record low set in April, while the 15-year home loan rate fell to a new all-time low, home funding company Freddie Mac said on Wednesday
- New-Home Sales Jump 6.2% To Highest Level in Over Year
Sales of new homes rose last month to the highest level in more than a year as strong activity in the South made up for weakness in the rest of the country.
- Mortgage Demand Slips as Rates Hold Near Lows
Demand for U.S. home loans slipped last week even as mortgage rates hovered near record lows, the Mortgage Bankers Association said on Wednesday.
- Sales of New Homes Forecast to Rise 2%
Sales of new homes are expected to post a modest increase in October, reinforcing data this week that showed the real estate market is regaining its footing after a dramatic collapse.
- Buyers Look For Bargains At Luxury Condo Auction
Over 500 people piled into a hotel ballroom in Manhattan this past weekend hoping to snag a cheap luxury condominium at the first auction of its kind in New York City.
- Fed to Counsel Moviegoers on How to Use Credit Cards
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