December, 2009 | Refinancing

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Archive for December, 2009

Annual Irish residential mortgage lending growth rate turned negative in November for first time since 1990; Non-housing personal debt fell 21%

December 31st, 2009

The annual growth rate of Irish residential mortgages turned negative in November, for the first time since 1990, according to the Central Bank on Wednesday. Non-housing personal debt fell 21 per cent.

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Eurozone bank lending to industry fell again in November

December 31st, 2009

Eurozone bank lending to industry fell again in November, the European Central Bank reported on Wednesday, underlining the fragility of the recovery in the common currency area.

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Eurozone retail sales rose slightly in December

December 30th, 2009

Eurozone retail sector data signalled a month-on-month rise in sales, allowing for seasonal factors. The Markit Eurozone Retail PMI (Purchasing Managers’ Index), based on a mid-month survey of more than 1,000 executives in the retail sector, rose above the neutral level of 50.0 and signalled monthly growth of sales for the first time since May 2008. The latest reading of 50.3 pointed to only a very weak increase, but was nevertheless greater than the six-year survey average of 49.0.

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US home prices still improving; Average prices at 2003 levels; Las Vegas peak-to-trough fall at -55.4%; Consumer confidence rose in December

December 30th, 2009

US home price data through October 2009, released Tuesday by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, show that the annual rate of decline of the 10-City and 20-City Composites improved compared to September and marked nine months of improved results, beginning in early 2009. Average US prices are at 2003 levels and the peak-to-trough fall in Las Vegas, is at -55.4% – – down to 2000. Also on Tuesday, US consumer confidence was reported to have risen in December.

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Black or illegal economies in countries can help in a recession but dishonest activity must be on sizeable scale

December 30th, 2009

Black or illegal economies in countries can help during a recession but dishonest activity has to be on a sizeable scale to have an impact, according to research by Germany’s biggest bank Deutsche Bank.

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IMF sees multi-speed recovery in Europe in 2010; Trichet, says "confidence is the key word for 2010"

December 30th, 2009

The IMF (International Monetary Fund) said on Monday that it expects a multi-speed recovery in Europe in 2010 with the jobs market only picking up gradually. Meanwhile, ECB (European Central Bank) president, Jean-Claude Trichet, said that “confidence is the key word for 2010.”

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World trade up 0.8% in October after 5.4% rise in September – – 13.2% below April 2008 peak; 26-mile-long line of idled oil tankers may signal freight rates slump

December 30th, 2009

World trade rose by 0.8% month on month in October, after a strong 5.4% increase in September, but it was still 13.2% below its peak of April 2008. Meanwhile, Bloomberg says a 26-mile-long line of idled oil tankers, enough to blockade the English Channel, may signal a 25% slump in freight rates next year.

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New homes sales drop unexpectedly in November

December 27th, 2009

Purchases of new homes in the U.S. unexpectedly fell last month, indicating a recovery from the worst housing slump since the Great Depression will be slow to develop.

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Association update: CRP percentage rate reduced for 2009

December 27th, 2009

The Minnesota Department of Revenue recently published the 2009 Certificate of Rent Paid (CRP) form reflecting a reduction from 19 percent to 15 percent for the renter’s refund for 2009.

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Changes on the horizon for federal contractors

December 27th, 2009

Changes are in store for those companies doing business, or that wish to do business, with Uncle Sam.

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