Archive for 'US'
US economy will manage to avoid recession
21 March 2008It looks like investors from Wall-Street have already reconciled to idea, that the largest economy of the world has entered a strip of recession. However, economic data do not confirm so gloomy estimation.
Moreover, experts mark that if the American economy will go through some next months without new shocks it will manage to avoid two-year-old [...]
Crisis has not come to the end yet
20 March 2008Despite of active actions of Federal Reserve System financial crisis has not come to the end yet. Such opinion has been expressed by many FRS experts.
It is obvious that problems which the USA is facing now are the inevitable consequence of unacceptable “bubble” in real estate sector.
It is rather serious problem. FRS is continuing to [...]
US FRS has lowered discount rate up to 2,25 %
19 March 2008US Federal Reserve System, carrying out in the country of function of the Central bank, has lowered a discount rate on 0,75 percentage items - up to 2,25 %. Such data has been given in FRS’ report published today.
Analysts assumed, that the rate will be lowered on 0,5 percentage items or even on 1 percentage [...]
Mortgage nonpayment have reached a record level
7 March 2008About one million people, who took hypothec credits in the USA, have appeared insolvent and now they are deprived the right of the mortgage repayment, is a record since 1953, that is for all time during which the similar statistics is conducted. Such information has been represented in research of US of savings and loans [...]
In Mae 2007 pure loss of Fannie has made $2,05 billion
28 February 2008In 2007 pure loss of the largest hypothec company of USA Fannie Mae has made 2,05 billion dollars against net profit at the rate of 4,06 billion dollars in 2006. The proceeds of the company for the specified period have decreased on 7 % - since 11,79 billion dollars up to 10,99 billion dollars. Such [...]
USA: cut of the prices for houses has broken all possible records
27 February 2008The prices for existing houses for one family in the USA have fallen to 8,9 % in the fourth quarter 2007 in comparison with the similar period of 2006, having reached a record minimum for all Standard and Poor’s and Case-Shiller 20-year index counted existence. In December the price index for housesThe prices for existing [...]
US government’s actions have not saved real estate market
26 February 2008Sharp downturn of interest rates by Federal Reserve System (FRS) of the USA has not helped the reeled hypothec market, where rates still remain high. Such opinion was stated by Bill Gross - the general director of the world’s largest bonded fund PIMCO.
Since September FRS has lowered the key interest rate on 2,25 percentage items [...]
American banks have toughened credit standards
5 February 2008Banks of the USA have toughened credit standards and terms for the companies and consumers on the background of the pessimistic economic forecast.
Research has also shown that demand for loans among the organizations and households has decreased for last three months.
Banks, which have toughened credit conditions “have specified less favorable or more uncertain economic forecast, [...]
Deutsche Bank will receive seven Manhattan skyscrapers for debts
4 February 2008Deutsche Bank has acquired the right to dispose of sale of seven Manhattan skyscrapers, which are the mortgage under the credit, given by the organization in February, 2007 to businessman Harry Macklowe.
The businessman has bought towers for $7 billion, having borrowed at Deutsche Bank $5,8 billion and $1,2 billion at fund Fortress Investment Group. Because [...]
FBI is investigating hypothec crisis
31 January 2008FBI together with the Securities and Stock Exchanges Commission (SEC) there has begun investigation concerning 14 companies suspected in swindle in high risk mortgage sphere. Such large financial organizations, as Morgan Stanley, Goldman Sachs and Bear Stearns have been already checked by US control bodies.
US federal bureau of investigations makes checks concerning 14 companies which [...]
