More woes on Wall Street
The S&P 500 market index has suffered its longest losing steak since February 2009 as investors fret about the economy.
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The S&P 500 market index has suffered its longest losing steak since February 2009 as investors fret about the economy.
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Plummeting prices have halted the recovery in new stock issues that started last year-but the hiatus may be temporary
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The Mortech-Mortgage Daily Mortgage Market Index was 140 for the week ended Dec. 29. The index was 205 seven days earlier. The Mortgage Market Index has never been this low since launching on Dec. 17, 2009.
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Neotel, the only fixed line competitor to Telkom, says it is considering restructuring in the face of tough competition.
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Telkom’s exit from the lucrative Nigerian market has again highlighted the importance of doing one’s homework before entering foreign markets.
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The Mortech-Mortgage Daily Mortgage Market Index for the week ended Wednesday fell to 188 from the week ended Nov. 24, when it was 250. It was the third consecutive week that volume fell. Dragging down activity were refinance transactions — with the refinance share falling to half from 54 percent last week.
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Mortgage originators priced 14 percent fewer loans based on the latest Mortech-Mortgage Daily Mortgage Market Index . Also lower for the second week was the average U.S. loan amount. The refinance share additionally fell for the second consecutive week to 54 percent.
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The conforming 30-year fixed-rate mortgage declined 5 basis points in the Mortech-Mortgage Daily Mortgage Market Index report for the week ended Wednesday from the previous week. The Mortgage Market Index , itself, jumped to 311 from 288 seven days earlier. The average U.S. loan amount moved higher to $214,267.
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Middle class workers and the poor were the worst hit by last year’s recession, says a new study done by Unisa’s Bureau of Market Research.
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