Philip Chua Business Blog

Posts Tagged ‘loan’

Non-commercial short EUR positions were in kept in place last week - only trimmed marginally - despite the EU/IMF loan offer made to Greece. Hence, while EUR/USD jumped higher on the Greek 'bail-out', there are no indications that speculative investors have revised their bearish EUR sentiment significantly; in fact, recent...

The Greek German dispute has degenerated into a staring match. Last week the Greek Prime Minister George Papandreou set a one-week deadline for the European Union to put together a rescue package for his country. If help was not forthcoming, he threatened to go to the IMF for a loan….

After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration has a plan to cut the amount some troubled borrowers owe on their home loans.

Foreclosure – United States – Presidency of Barack Obama – Loan – Mortgage

Just over 31,000 homeowners have received permanent loan modifications under the Obama administration’s mortgage relief plan, a big setback for the government’s embattled effort to stem the foreclosure crisis.







Mortgage – Foreclosure – Presidency of Barack Obama – Business – Government

That new HSBC loan: too clever by half?
Why not give customers the money outright?

By SIOW LI SEN

LAST Friday, when given the HSBC press release on its new Sibor plus equity-linked mortgage, I spent at least 15 minutes trying to figure out how it worked. The result was that I was so consumed with the promise of thousands of dollars that I paid no attention to the home loan itself.

Eventuall… more