Mortgage approvals for July at lowest for 15 years as UK probably in recession Posted By : David Brooks
Mortgage approvals for July at lowest for 15 years as UK probably in recession Posted By : David Brooks
Mortgage approvals hit their lowest in at least 15 years in July and the manufacturing sector shrank for a fourth straight month in August, surveys showed today.”Prospects for the UK economy remain grim,” said Michael Saunders, a Citigroup economist. “The economy is probably in recession now and no early recovery worth the name is likely in 2009.”
The Collapse of Merrill Lynch and the Subprime Fallout Posted By : Nick Adama
With the surprising news from this weekend that Bank of America has decided to purchase Wall Street investment firm Merrill Lynch, some of the financial thunder has been stolen away from Lehman Brothers. But Lehman and Merrill are two of a kind, and the collapse of both firms indicates how much confidence has been lost in any firm that took on exposure to the subprime mortgage market.
Getting Your Home Ready for an Appraisal Posted By : Brayan Peter
Appraisal can be defined as a process or method of developing a value option, this valuation is a determined based upon the property’s market value which will be likely to be sold in the open market. Firstly one needs to know the ABCs of the appraisal methods and its process.