Structured finance in Latin America; channeling pension funds to housing, infrastructure, and small business.
9780821371398 Structured finance in Latin America; channeling pension funds to housing, infrastructure, and small business. Ed. by Hela Cheikhrouhou et al. The World Bank 2007 149 pages $25.00 Paperback HD7105 This...

Lenders slam mortgage regulations; Critics say state plan will hurt consumers.
Byline: Martin Luttrell New regulations aimed at curbing abuses in the mortgage industry are being called unfair by some mortgage officials, prompting a meeting tomorrow with the staff of Attorney General Martha Coakley. The regulations, drafted by Ms. Coakley's office after a series of hearings...

US stocks fall sharply on lackluster profit reports.
Byline: Tim Paradis NEW YORK (AP) -- The Dow Jones industrial average dropped more than 360 points on the 20th anniversary of the Black Monday crash, as lackluster corporate earnings, renewed credit concerns and rising oil prices spooked investors. The major stock market indexes on...

A freeze, not a bailout.
Byline: The Register-Guard The agreement announced Thursday by President Bush to help homeowners who face ruinous increases in adjustable-rate mortgage payments steers clear of the worst pitfalls presented by any such plan: It's voluntary, doesn't involve taxpayer money and won't reward speculators. The agreement rests...

The U.S. Federal Reserve cut the rate at which it makes direct loans to banks, sending a signal to Wall Street that it is aware of the credit contraction that has hit global financial markets.
The U.S. Federal Reserve cut the rate at which it makes direct loans to banks, sending a signal to Wall Street that it is aware of the credit contraction that has hit global financial markets. At the same time, the Fed wisely refrained from lowering its target federal-funds rate,...

Coping with the national mortgage: meltdown and the collapse of the shadow banking system.
NATIONAL FORECLOSURES jump 93%. More than 154 U.S. lenders have "imploded." Recent figures for defaults and foreclosures are evidence of a serious threat to the American dream of home ownership for subprime and, now, prime borrowers. When RealtyTrac, the leading online marketplace for foreclosure properties, released its U.S. Foreclosure...

P/$ rate closes at P48.895 to $ 1.
The peso rate closed lower at P48.895 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P48.79 the previous day. The weighted average rate appreciated to P48.828 from P48.846. Total volume amounted to $ 456.5 million. RP to...

P/$ rate closes at P47.59/$ 1.
The peso exchange rate closed higher at P47.59 to the US dollar yesterday at the Philippine Dealing Exchange from P47.71 the previous day. The weighted average rate depreciated to P47.673 from P47.611. Total volume amounted to $ 640.8 million. SDA yields above market rate The...

DBP wants part of $ 865-M MRT3 loan.
Byline: LEE C. CHIPONGIAN The) Development Bank of the Philippines will submit proposals to the National Government to underwrite the $ 865-million loan syndication to refinance the MRT3. DBP President Rey David said they are proposing to underwrite the loan. As underwriter the bank will...

Francis M. Metterville, 79; Retired President & CEO of Fidelity Co-operative Bank.
FITCHBURG Francis M. Metterville, 79, retired President and CEO of Fidelity Co-operative Bank, of 65 Carriageway Drive, and 13720 Southampton Drive, Bonita Springs, Florida, died Friday, Nov.2, surrounded by his loving family, in his home in Fitchburg, after a courageous battle with lung cancer. He leaves his...