Stop House Repossession » risks

OECD: America risks a crisis unless it raises interest rates

admin — Fri, 27 May 2011 00:50:43 +0000

OECD: America risks a crisis unless it raises interest rates
America runs the risk of a crisis unless it raises interest rates and lays out a plan to cut its deficit by the end of the year, a leading economic think-tank has warned.

Reverse Mortgages Sound Good But Could Have Hidden Risks

admin — Tue, 12 Oct 2010 02:08:41 +0000

Reverse Mortgages Sound Good But Could Have Hidden Risks
Reverse mortgages are becoming more popular among baby boomers these days. A decade ago, reverse mortgages were something only widowed or single women in their 70s would get into, but as boomers today are experiencing losses to their retirement savings, this

IMF says U.S. recovering but sees unemployment, housing risks

admin — Sun, 11 Jul 2010 00:47:30 +0000

IMF says U.S. recovering but sees unemployment, housing risks
High unemployment and a moribund housing market are constraining the U.S. economic recovery, while the public debt looms large on the horizon and needs to be addressed, the International Monetary Fund said on Thursday.

Banks honor government July 1 ban on foreign-currency-based mortgages, but note risks

admin — Sun, 04 Jul 2010 02:08:28 +0000

Banks honor government July 1 ban on foreign-currency-based mortgages, but note risks
Major banks in Hungary on Thursday suspended receipt of new applications for foreign-currency-denominated mortgages in accord with a recent government decision to prohibit such mortgages effective July 1.