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...A law firm consultant said a managing partner of a top firm once called his Newport, Rhode Island, holiday home, “the house that Citi built”, because of the deal he got on his mortgage....
...US homebuilder confidence fell to its lowest level in 9 months, as decades-high mortgage rates hit demand for new homes....
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...This month, US homebuilder confidence slipped for the first time this year according to an index compiled by the National Association of Home Builders and Wells Fargo....
...The result is that, despite many of those with mortgages relying on variable rates, Italian homeowners are relatively well insulated overall....
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...Home improvement store Home Depot also reports earnings as well as energy groups Diamondback Energy and Chesapeake Energy and homebuilder Toll Brothers....
...“Getting a mortgage for 3 per cent, rather than the 7-8 per cent rates in the US, made it seem a good investment right now....
...The National Association of Home Builders/Wells Fargo housing market index fell from 56 to 50 this month, signalling a slowdown in business for companies that build single-family homes....
...“I took a terrifying mortgage — terrifying — and bought this house where I played as a child.”...
...Macfarlanes’ corporate crime and investigations head Neill Blundell is leaving to lead the white collar crime team at White & Case....
...Namely, re-embracing his own past and melding it with his present, as well as with the couture maison he calls his creative home....
...Wells Fargo is a case in point....
...In better news for the White House, they increasingly blame businesses for the higher prices....
...It didn’t turn out that well for the Pattersons either. When interest rates rose, they were unable to pay the mortgage. They sold up, split up and Maureen went to live in a mobile home....
...Lawrence White is professor of economics at NYU’s Stern School of Business, and was a regulator of the FHLB system in 1986-89....
...A total of 8.54mn people, equivalent to about 1 per cent of working-age Chinese adults, are officially blacklisted by authorities after missing payments on everything from home mortgages to business loans...
...“They already have great mortgage rates and would rather hold on to their homes, even if they want to trade up to larger spaces,” she adds....
...Investing: A small German mortgage lender has become one of Europe’s most-shorted stocks because of its exposure to US commercial property....
...In December, the Consumer Financial Protection Bureau fined Wells Fargo $1.7bn and ordered it to pay $2bn in redress to customers for mismanagement of mortgages, car loans and bank accounts....
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