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RBI makes recast of realty loans tougher - 2 hours ago - 2008-11-21 06 29 06 - India's struggling real estate sector is set to come under further pressure in the coming weeks as the Reserve Bank of India RBI has made it tougher for banks to restructure' loans, forcing them to cut house prices 0133 : PR Inside

ANZ drops fixed interest rate home loans - 5 hours ago - ANZ has matched National Australia Bank's cut to interest rates on fixed home loans, lowering the rates by up to 100 basis points. ANZ has dropped the interest rate on one and two year fixed home loans by 1.00 percentage point to 5.99 per 0133 : News.com.au

National, ANZ, ASB follow rate cuts - 6 hours ago - LATEST The National Bank, ANZ and ASB have cut interest rates on a range of loans, hot on the heels of cuts by Westpac and Kiwibank yesterday. Meanwhile, economists at Deutsche Bank are now picking the Reserve Bank will cut 150 basis 0133 : Stuff

The Next Subprime Crisis Looms - 2 hours ago - The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more. As if they haven't done enough damage. Thousands of subprime mortgage lenders and brokers many 0133 : Der Spiegel

Fannie Mae, Freddie Mac to suspend US home foreclosures - 6 hours ago - Two US mortgage finance giants Fannie Mae and Freddie Mac said they will halt home foreclosures until early January as they modify loans to help keep owners in their homes. The huge firms, which underpin about half of the huge US mortgage 0133 : Big Pond News

Loans reach new depths - 11/11/2008 - In late 2005, Mandy, a 55-year-old postal worker from the NSW Central Coast, heard an advertisement on her radio for a company called Professional Funding Group. The ad, offering credit to people having trouble making ends meet, was of 0133 : Age

Major banks slash mortgage rates - 3 hours ago - The move will make home buying more affordable, especially as houses prices are tipped to keep falling. Figures released by economics at Infometrics earlier this week predicted that prices will keep falling for at least the next quarter. 0133 : radionz

Depressing Times - 2 hours ago - In just a few brutal months, the prospects for the world economy have deteriorated with remarkable speed. Rich countries had seemed set for a shallow, muddle-through recession now a much deeper slump is on the cards. In a sign of growing 0133 : CFO.com