Examiner.com Related Articles: (The San Francisco Examiner)
The Fed’s move and even the housing figures appeared to alleviate some of Wall Street’s concerns about souring mortgage debt and lenders’ resulting hesitance to grant loans of any sort. The latest Bear Stearns deal signals that investors’ losses might not be as sizable as feared.
Housing debt is expected to soar (Belfast Telegraph)
Mortgage debt in Northern Ireland is rising faster than anywhere else in the UK, the Belfast Telegraph can reveal today.