Bad Credit Georgia Loan Mortgage

Buying with friends could mean more bad credit mortgages

The growing trend for buying houses jointly with friends or family may result in credit problems for the parties involved, according to credit rating agency Equifax.

Housing prices in the UK have continued to grow at a rate that far outstrips rises in earnings, meaning that more and more people are buying houses jointly, whether with friends, family or partners.

This obviously brings the advantages of getting on to the ladder earlier in a market where housing is starting to become unaffordable for greater numbers of people.

However, this trend could in practice lead to financial ruin later down the line.

Data held by Equifax shows that 23 per cent of people under the age of 25 in the UK already carry substantial long-term debts, in many cases totalling as much as £10,000.

Australian stocks fall; CBA down, Downer dives

SYDNEY, Aug 9 (Reuters) - Australian shares shed 1.5 percent on Wednesday, as companies geared to U.S. growth fell on concerns of a slowdown in the world's biggest economy, while engineering contractor Downer EDI Ltd. slumped after flagging a full-year loss.

The benchmark S&P/ASX 200 index dropped 76.1 points, to 4,948.7, retreating from Tuesday's three-and-half week closing high.

The Federal Reserve's policy-making committee left the benchmark fed funds rate unchanged at 5.25 percent, and said economic growth had moderated from its strong pace earlier this year.

That pulled down U.S. stocks on Tuesday on worries that slower growth would hurt corporate profits.

Commonwealth Bank of Australia , the nation's top mortgage lender, fell 1.2 percent to A$46.24 despite reporting a 16.7 percent rise in second-half profit, as investors focused on the risks to future growth from rising interest rates.

Interstate Hotels & Resorts Q2 Earnings Raise On Higher Revenues ...

(RTTNews) - Tuesday, Interstate Hotels & Resorts (IHR | charts | news | PowerRating), a hotel management company in the United States, reported increase in earnings on higher revenues for the second quarter. The company also raised its full-year earnings guidance and provides third quarter earnings forecast.

For the quarter, the company reported net income of $3.0 million or $0.10 per share, compared to $1.7 million or $0.06 per share in the same quarter last year. In the quarter, adjusted net income was $3.1 million or $0.10 per share, compared to $2.6 million or $0.09 per share in the comparable quarter previous year. Analysts polled by First Call/Thomson Financial expected the company to earn $0.05 per share for the quarter.

The company's revenue for the quarter was $59.8 million, up from $54.2 million in the corresponding quarter prior year.

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