Posts Tagged ‘Credit’
Fitch downgrades Best Buy credit rating
June 27th, 2011Fitch downgrades Best Buy credit rating (06-27) 11:17 PDT NEW YORK, (AP) — Fitch Ratings on Monday cut its long-term default rating on electronics retailer Best Buy Co. by two notches to the lowest investment-grade rating. The agency cited weak sales trends… Read more on San Francisco Chronicle
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Fitch downgrades Best Buy credit rating
June 27th, 2011Fitch downgrades Best Buy credit rating (06-27) 11:17 PDT NEW YORK, (AP) — Fitch Ratings on Monday cut its long-term default rating on electronics retailer Best Buy Co. by two notches to the lowest investment-grade rating. The agency cited weak sales trends… Read more on San Francisco Chronicle
Tags: Best, Credit, downgrades, Fitch, RatingPosted in News | Comments (0)
Credit Card Use Suggests Recovery Is Taking Hold
May 14th, 2011Credit Card Use Suggests Recovery Is Taking Hold Consumers have been constrained by the housing crisis, a weak job market and high energy prices, but economists now are cautiously forecasting a turnaround in spending. Read more on New York Times
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The National Credit Reporting Association and Mortech Announce New Credit Reporting Agency Portal
February 16th, 2011The National Credit Reporting Association and Mortech Announce New Credit Reporting Agency Portal Mortech, a mortgage technology software company specializing in daily pricing, product decisioning and lead management solutions for mortgage bankers and secondary market teams, and the National Credit Reporting Association today announces the availability of an instant access credit reporting agency connectivity portal. [...]
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New York Housing Market Aided by Tax Credit, Low Mortgage Rates in 2010
January 25th, 2011New York Housing Market Aided by Tax Credit, Low Mortgage Rates in 2010 ALBANY, NY–(Marketwire – 01/25/11) – The federal homebuyer tax credit and low mortgage rates helped bring consumers to the housing market, particularly in the first half of 2010, despite overarching concerns about the economy. As a result, 74,718 existing single-family homes were [...]
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Mortgage credit conditions loosen in November
December 4th, 2010Mortgage credit conditions loosen in November November saw the loosening of credit conditions in the mortgage market for the first time since May, according to research from e.surv chartered surveyors. Read more on Money Marketing Online
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Home Prices in U.S. Cooled After Tax Credit Expired
September 28th, 2010Home Prices in U.S. Cooled After Tax Credit Expired Home prices in 20 U.S. cities rose at a slower pace in July from a year earlier, reflecting a drop in sales following the end of a government tax credit. Read more on BusinessWeek
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Creating a Mortgage Market During a Credit Crunch
August 19th, 2010Creating a Mortgage Market During a Credit Crunch Instead of the government guaranteeing mortgages, we could turn to the Fed. Fannie Mae – Federal government of the United States – Mortgage-backed security – United States – Loan Read more on The Atlantic
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Home Prices Probably Rose in Year Ended May as U.S. Tax Credit Aided Sales
July 27th, 2010Home Prices Probably Rose in Year Ended May as U.S. Tax Credit Aided Sales Home prices in 20 U.S. cities rose in May from a year earlier as a government tax credit temporarily underpinned sales, economists forecast a report to show today. Read more on Bloomberg
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Mortgage Bond Spreads at Widest in Five Months: Credit Markets
May 5th, 2010Mortgage Bond Spreads at Widest in Five Months: Credit Markets May 5 (Bloomberg) — Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates climbed to the highest in more than five months relative to Treasuries as Europe’s worsening government finances led investors to shun all but the safest assets. Read [...]
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