Stories tagged "loans"

The American Dream is becoming a reality for more families than ever before. According to the U.S. Department of Housing and Urban Development (www.hud.gov) over 67.7 percent of Americans are now homeowners. This is the highest level of homeownership ever

The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foret

Economists worry that large budget deficits will burden future generations. But strong fiscal expansion would actually enhance the economy’s long-run prospects.

The PSU banks in the country seem to be in an unusual situation as a mismatch between the deposit and lending rates has been noticed in the banks portfolios. The deposit rates of the banks are higher than the lending rates. In fact the difference is as hi

Public sector, Bank of Baroda (BoB) has entered into a Memorandum of Association (MoU) with the leading car dealer, Maruti Suzuki India Ltd (MSIL) whereby the latter would assess the advantages of the bank's car loan to its customers and further help them

In a move to support lending to housing sector, Reserve Bank of India (RBI) has announced a relaxation on the lending norms of tier-II urban co-operative banks (UCBs).

The announcement that the recession began in December 2007 came on a day when the Dow dropped more than 7 percent.

With word that the U.S. officially sank into a recession last December, the Fed chairman and the Treasury secretary said they would use all the tools at their disposal.

The SME financing institution Small Industries Development Bank of India (SIDBI) is soon going to start its asset reconstruction company (ARC). The bank hopes to commence this new foray by the end of March 2009.

With the aim of boosting demand in realty sector, the government is planning to introduce an interest subsidy in home loans that will make home loans cheaper for the customers.