Australian Dollar Falls on Home-Loans Data; N.Z. Dollar
| Australian Dollar Falls on Home-Loans Data; N.Z. Dollar Rises - Bloomberg July 9 (Bloomberg) -- The Australian dollar fell after a government report showed home-loan approvals slid by the most in eight years and student loan stafford a private-sector survey of consumer confidence dropped to the lowest since 1992. New Zealand's currency rose Source: www.bloomberg.com Losing vacation time to bankruptcy - Baltimore Sun Baltimoresun.com's tax-advice column features three experts from the Hunt Valley accounting firm SC&H Group answering questions about preparing your return every Monday until April 17. To be included in the following weeks, please use the form at the Source: www.baltimoresun.com Loan Pains Turned Site Into a Hit - New York Times The misery in the housing market is registering on the Implode-O-Meter. Implode-O-Meter s page experienced a surge in traffic as mortgage problems deepened. As millions of homeowners fall behind on their mortgages, a fledging Web site called the Source: www.nytimes.com Credit crunch: Barclays' secured loans offshoot closes to new - Guardian Unlimited Barclays yesterday closed its controversial Firstplus loan subsidiary to new business and student loan stafford cut more than three-quarters of the company's staff after a 40% slump in demand for its top-up mortgages this year. Firstplus, best known for its advertising Source: www.guardian.co.uk Economics figures grim for housing, consumer sentiment - News.com.au HOME loans have slumped to the lowest level for four years as the consumer mood dropped to its worst rate since 1992. ONLY 52,006 people took out a new mortgage in May, the lowest number since October 2004, as high interest rates smothered the desire Source: www.news.com.au Analysts have zero hopes for IndyMac - Los Angeles Times A day after IndyMac Bancorp's decision to sharply curb its lending and student loan stafford lay off 3,800 employees, the mortgage company's shares tumbled toward oblivion Tuesday, with at least two analysts warning that no value remained for shareholders. IndyMac, which Source: www.latimes.com |