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Ahead of data, French finance minister declares recession over, but stays cautious on growth

Frances gross domestic product shrank by 0.2 percent for the past two quarters the technical definition for a recession and data for the second quarter of the year wont be published until Aug. 14. But Pierre Moscovici told Corse Matin newspaper in an interview published Saturday that the recession is over, without revealing the second-quarter figures. More business news

Car finance experts Car Loan 4U comments on the Jaguar XFR-S

Macclesfield, Cheshire (PRWEB UK) 9 August 2013 Jagaur has launched its new XFR-S model, which is on sale now and priced at 79,995. The XFR-S is powered by a 543bhp 5.0-litre V8 supercharged engine and comes with an eight-speed automatic gearbox and rear-wheel drive. When it comes to hitting the road, the XFR-S can go from 0 to 62mph in 4.4 seconds and has a top speed of 186mph. Car Loan 4U Director Ryan Dignan, comments: Theres tough competition out there when you look at the likes of the BMW M5 and the Mercedes-Benz E63 AMG, and the XFR-S would appear to be Jaguars answer. Its certainly a powerful saloon, which is both fast and stylish, and comes complete with features such as adjustable sports seats and a bespoke front bumper.

House finance regulator mulls action on "eminent domain" mortgage seizures

Mr. Obama didnt quite say it this way, but the way he spoke suggested he might not be opposed to such a structure. 4. The Corker-Warner bill is a good start Mr.

Five Takeaways on Housing-Finance Reform From Obama?s Town Hall

On Wednesday, an investor group filed a federal lawsuit against the northern California city in a bid to stop the plan. The lawsuit was filed in a northern California court by mortgage bond trustees Wells Fargo and Deutsche Bank on behalf of an investor group that includes Pacific Investment Management Co, or PIMCO, BlackRock Inc and DoubleLine Capital LP. The use of eminent domain powers to restructure distressed mortgages has been debated by communities for more than a year and has been controversial with Wall Street banks and bond investors from the start. Alfred Pollard, FHFA's general counsel, said in a memorandum posted on the agency's website on Thursday that the uncertainty surrounding the use of eminent domain raises several issues, including its possible impact on the mortgage market and potential losses that Fannie Mae and Freddie Ma could incur.

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Siena Lending Group Closes Credit Facility With Wells Fargo Capital Finance

Housing finance, beyond Fannie and Freddie

A housing tax credit that helps

Siena is run by the former executive team of Burdale Capital Finance, Inc., the U.S. Asset Based Lending Division of Bank of Ireland. Bank of Ireland's $1.2 billion U.S. ABL portfolio was sold to Wells Fargo in 2012, and the core team was re-launched as Siena.

Greek finance minister says euro zone needs common debt market

Some critics blame Fannie and Freddie's troubles on government mandates to finance more loans for lower-income Americans. But Wall Street firms started the rush into risky subprime and exotic loans; Fannie and Freddie just followed their competitors' lead. The real problem with Fannie and Freddie was that the public assumed correctly, as it turns out that the government wouldn't allow them to fail, making them more attractive to lenders and investors. They grew too big and took on far too much risk, precipitating a $187-billion bailout.

Continuing the discussions initiated by Finance Minister P Chidambaram yesterday, Economic Affairs Secretary Arvind Mayaram held a meeting of senior officials, including Additional Secretary (Capital Markets) K P Krishnan and top tax officials. Some announcements are likely to be made by the Ministry on Monday, either in Parliament or outside, sources said. The steps being contemplated by the Ministry to check the rupee fall and boost forex flows include further relaxation of external commercial borrowing (ECB) norms for state-owned companies, curbs on import of non-essential goods and encouragement to exports. Mayaram, after a meeting of the Financial Stability and Development Council in Mumbai earlier this week, had said, "You should wait till the end of the week.

Finance ministry works overtime to firm up steps to arrest rupee fall

CBI gets ready to fight govt in SC to defend its autonomy

Credit: Reuters/Yorgos Karahalis ATHENS | Fri Aug 9, 2013 7:39am BST ATHENS (Reuters) - The euro zone needs a common debt market to exit the crisis, Greece's finance minister Yannis Stournaras said on Friday. "The euro zone must deal with its main problems," Stournaras said. "A banking union... an economic policy which combines fiscal consolidation and growth, not all countries can impose austerity ... and the most important: a common debt market, but this probably at the end." Stournaras added that Greece, which is in its sixth year of recession, needs a primary budget surplus and growth before it returns to the bond markets.

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