Posts Tagged ‘News’

Short sales up in housing market

Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – Short sales out paced foreclosures in 12 states in January, market research form Realty Trac reported Friday. The increase highlights that more homeowners are finding an easier way out of a distressed home loans with short sales, and that more lenders [...]

Short sales up in housing market

Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – Short sales out paced foreclosures in 12 states in January, market research form Realty Trac reported Friday. The increase highlights that more homeowners are finding an easier way out of a distressed home loans with short sales, and that more lenders [...]

Stocks slide Wednesday following Tuesday’s big gains

Diane Alter – AHN News Reporter New York City, NY, United States (AHN) – U.S. stocks took a breather Wednesday from Tuesday’s big gains and once again focused on problems in Europe’s economy. In mid-morning trading, the Dow Jones Industrial Average slipped 30 points, the Standard & Poor’s 500 Index slumped 2 points, and the [...]

Obama nominates health care expert to head World Bank

Linda Young – AHN News Writer Washington, DC, United States (AHN) – President Barack Obama on Friday nominated Dartmouth College President Jim Yong Kim to head the World Bank. Kim is a public health expert and advocate. He was an unexpected choice to lead the global financial institution and was not among the names publicly [...]

European Central Bank leaves key interest rate unchanged

Linda Young – AHN News Writer London, United Kingdom (AHN) – European Central Bank (ECB) officials left the benchmark interest rate of 1 percent unchanged. The bank has not changed the rate since November. The ECB has provided European banks with hundreds of billions of dollars worth of loan-interest loans in an effort to keep [...]

Foreclosures make up 24 percent of sold homes

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Homes in some stage of foreclosure accounted for nearly one in four home sales in the fourth quarter of 2011, according to a report released Thursday by RealtyTrac. During the three month period that ended Dec. 31, homes that were either bank [...]

Mortgage rates for 30-year loans rise to 3.95 percent

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Rates for 30-year fixed mortgages rose for the first time in four weeks as sales of previously owned homes climbed to the highest level since May 2010. The average rate for a 30-year fixed loan increased to 3.95 percent in the week [...]

Romney and Gingrich get mean heading into Florida caucus

Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – The upcoming Republican caucuses in Florida are turning into a two-man race between Mitt Romney and Newt Gingrich, according to the latest polls. At the same time, Florida’s former governor warned that the campaign rhetoric is becoming so mean that it overlooks [...]

Bank of America posts a profit

Linda Young – AHN News Writer New York, NY, United States (AHN) – Bank of America reported a fourth-quarter profit of $2 billion compared with a $1.2 billion loss in the same period in 2010. The nation’s second largest lender said it had a full-year net profit of $1.4 billion compared with a net loss [...]

Debt crisis makes Mafia Italy’s biggest bank

Diane Alter – AHN News Reporter Rome, Italy (AHN) – Italy’s banking system has a new “boss.” Thanks to the country’s ballooning debt crisis, the Mafia is Italy’s biggest “bank,” according to a study by Confesercenti. The country’s four mafia groups have expanded from their storied strongholds in the sun-baked “Mezzogiomo” south of Rome, and [...]

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