ANZ National yesterday announced that its New Zealand interim profit rose 7 per cent to $610 million, with strong 14% lending growth over the last year, but the tide is turning.
“We have seen a noticeable slowdown in mortgage (lending) from late last year — we are seeing significantly lower levels of activity,” ANZ National chief [...]
By now everyone with a roof over his head has heard about the subprime mortgage mess. Understanding why so many homeowners are defaulting on their mortgages or what mortgage foreclosures have to do with the collapse of the housing market is another matter.
To get a better grasp of the mortgage mess I called Ron Utt [...]
The great mortgage reset of 2008 isn’t turning out quite as advertised.
Thanks to interest rate cuts by the Federal Reserve, payments on sub-prime loans with expiring “teaser” rates are going up only modestly when the loans start adjusting –Commercial Lending by just 1% on average last month, one study found.
A payment that would have risen [...]
The Board of Directors of the Federal Home Loan Bank of Seattle (Seattle Bank) has declared cash dividends on both classes of the Seattle Bank’s capital stock for the first quarter of 2008.
The Seattle Bank will pay $7.5 million or $0.35 per share on an average of 21.4 million shares of Class B stock outstanding [...]
The quality of chutzpah has been described vividly as a boy who murders his parents and pleads with the judge for clemency on the basis of being an orphan.Lending Tree In the BBC interview aired April 16, 2008, the arguments of Central Bank governor Nivard Cabraal aptly lived up to this vivid portrayal of chutzpah.
To [...]
The Canadian dollar was mixed in trading against other major currencies on Friday in New York. The loonie was lower against the greenback, higher against the euro and range-bound with the yen.
There was no major economic news out of Canada on Friday. South of the border, Lending Person US consumer sentiment dropped more than [...]
Monaco Coach has seen better days, but the maker of high-end recreational vehicles is consoling itself with the knowledge that the market in which it competes is shrinking faster than it is.
Monaco Coach (nyse: MNC - news - people ) reported numbers that missed Wall Street’s estimates Wednesday. Chairman Kay Toolson attributed the miss to [...]
“All the homebuilders are on fire; we are all just relentlessly stealing from each other.†– John Downs, VP of Human Resources at Toll Brothers, said on Sept. 8th, 2004. Downs said then that there was such a phenomenal need for construction workers and managers, Benchmark Lending and so few candidates, that the homebuilders [...]
An equipment failure was behind a plume of black smoke over the Northwest Territories Power Corporation’s power plant in Fort Simpson.
The smoke could be seen coming out one of the plant’s exhaust pipes on April 18 starting at 5:45 p.m.
The smoke was created when a turbo charger on one of the diesel units failed, Lending [...]
operator of DeVry University, Ross University and Chamberlain College of Nursing, said Monday current disruptions in the student lending business should not affect its students’ Lending Mortgage abilities to get educational loans.
Despite some lenders cutting loan options and programs as the credit markets have significantly tightened in recent months, DeVry said in a statement [...]
