Vittorio Hernandez – AHN News New York, NY, United States (AHN) – More American homeowners are reducing the terms of their mortgages because of low interest rates and a desire to reduce debts. According to Freddie Mac, 34 percent of refinancers changed to 20- or 15-year loans. It is the highest level in switches in [...]
Archive for the ‘Loan News’ Category
30-year mortgage rates in U.S. hit 8-month low
August 8th, 2011
davidguide Vittorio Hernandez – AHN News McLean, VA, United States (AHN) – The average interest rate for a 30-year fixed mortgage loan in the U.S. declined over the weekend to 4.39 percent, according to Freddie Mac. It went down from 4.55 percent and is an eight-month low. The drop came amid reports of faltering of the [...]
Villagers brace for relocation as hyropower dam project moves forward
August 2nd, 2011
davidguide THADEAU, Laos (IRIN) – Ting does not know exactly how the proposed Xayaburi hydropower dam will change his life, but he knows he will be forced to leave his village if it goes ahead. “I don’t have any power over this decision,” said Ting, 50, who like other Lao villagers, goes by only one name. [...]
American taxpayers lose $1.3 billion in Chrysler bailout
July 27th, 2011
davidguide Vittorio Hernandez – AHN News Washington, DC, United States (AHN) – The U.S. government recovered $11.2 billion of the $12.5 billion it loaned to Chrysler under Washington’s multibillion dollar rescue of the American car industry. The Treasury Department, which ended Chrysler’s rescue with the sale of its 6 percent stake in the company to Italian [...]
American taxpayers lose $1.3 billion in Chrysler bailout
July 27th, 2011
davidguide Vittorio Hernandez – AHN News Washington, DC, United States (AHN) – The U.S. government recovered $11.2 billion of the $12.5 billion it loaned to Chrysler under Washington’s multibillion dollar rescue of the American car industry. The Treasury Department, which ended Chrysler’s rescue with the sale of its 6 percent stake in the company to Italian [...]
Eurozone leader’s meeting shows divisions on handling Greek debt crisis
July 21st, 2011
davidguide Linda Young – AHN News Writer Brussels, Belgium (AHN) – Solving the Greek sovereign debt crisis is essential or the other member states of the Eurozone will feel the negative consequences, warned the European Commission president. Eurozone leaders are meeting in Brussels, Belgium this week to discuss the Greek crisis. Despite the urgency of the [...]
More urban poor depending on food subsidies
July 9th, 2011
davidguide Dhaka, Senegal (IRIN) – More and more urban Bangladeshis, burdened by rising food prices, are seeking assistance under the government’s open market system (OMS). Under the scheme, rice and other commodities are sold at almost 30 percent less than the market rate, with each household entitled to 5 kilograms of rice and five kilograms of [...]
Cavaliers give assist to Continental Cup hoops tournament
July 3rd, 2011
davidguide John Nestor – AHN Sports Correspondent Cleveland, OH, United States (AHN Sports) – The Cleveland Cavaliers are giving an assist the Greater Cleveland Sports Commission for the Cleveland Cavaliers Continental Cup, one of the most significant international youth basketball tournaments in the United States. The tournament features 36 teams from around the world and is [...]
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