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US lawmakers are trying to ease the pain of homeowners caught up in the sub-prime debacle with tighter regulation and a push towards greater use of long-term fixed-rate mortgages over unpredictable adjustable-rate deals. Will a new era of thrift replace the sub-prime excesses? Perhaps not if the US feels the playing field is not level. Julian Marshall reports.
Published July 2008 Liquid real estate Issue 06
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After the country’s GDP was revised upwards by 32%, Standard & Poor’s downgrade of its outlook has been unpopular, especially as Moody’s and Fitch saw no reason to follow suit. Julian Marshall reports.
Euromoney June 2008
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Despite conflicting views on the state of the economy and uncertainty caused by political unrest, banks are riding high on mortgage lending and consumer loans. There is still huge untapped potential for credit cards. High interest rates remain the fly in the ointment, however. Julian Marshall reports.
Euromoney June 2008