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US Foreclosures surge, mortgage rates drift both ways

While new figures show foreclosures surging to a record high in August, mortgage rates continue to hover around their all-time lows, with rates both falling and rising slightly yesterday and on the latest weekly mortgage survey.

Henderson Global Investors targets $400 million for CASA V

Henderson sees the US apartment market as the best-positioned sector over the next five years.

Is a property bubble developing in Thailand?

While governments in Hong Kong, Singapore and China introduce measures to rein-in over-heating property markets, some analysts say Thailand is unlikely to follow suit despite burgeoning demand.

Key Asian economies try to rein-in runaway property prices

Hong Kong, Singapore and China see high domestic liquidity, cash-rich foreign investors and low interest rates fuelling demand, leading to fears of a housing market bubble.

SCB Offers Thai borrowers 1% for the first year

Siam Commercial Bank, Thailand's fourth-largest bank in terms of assets, announced a fixed-rate home loan product at 1% interest for one year in a bid to attract new customers.

RPT-Irish lower house approves 54 bln-euro "bad bank" law

DUBLIN, Nov 12 (Reuters) - Ireland's lower house of parliament on Thursday approved legislation allowing the government to set up a "bad bank" to pay 54 billion euros ($81 billion) to cleanse banks of risky commercial property loans.

Ireland’s EU54 Billion Gamble on Banks, Property Nears Approval

Dara Doyle and Ian Guider Bloomberg News 12.11.2009
Ireland’s EU54 Billion Gamble on Banks, Property Nears Approval

Nov. 12 (Bloomberg) -- The biggest financial gamble in modern Irish history is about to exit the realms of theory and enter the real world.

Stuyvesant Town woes may pave way for loan changes

NEW YORK (Reuters) - The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers seek payment relief, when it said last week that it could not keep paying interest on a $3 billion loan.

UK mortgage rates moving down

Financial Advice 09.11.2009
UK mortgage rates moving down

Despite the fact that the Bank of England’s monetary policy committee decided to leave UK base rates unchanged, we have seen a number of UK mortgage providers reduce their rates. Indeed we saw Nationwide reduce its fixed rate by 0.31% and tracker rate by 0.2%, Northern Rock reduce its tracker mortgage by 0.5% and its fixed rate by 0.3% with Alliance & Leicester also following suit with a 0.4% tracker mortgage rate cut. So what next?

Bank of Ireland set for state ownership

HAVING lost €979m in the first half of the year after writing off bad debts of €1.8bn, it is hard to resist the conclusion that Bank of Ireland is resigned to falling into majority state ownership.


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