Mortgage Delinquencies Hit Record High
The number of Americans struggling to pay their mortgages has hit a new record high. New figures show 14 percent of borrowers, or 7.4 million households, are either behind on their payments or in foreclosure. The Mortgage Bankers Association says it expects delinquencies to rise as the economy continues to shed jobs.
Colorado foreclosures hit record in Q3:
Colorado had a record-high number of new foreclosures in the third quarter, when new filings hit 12,468.The quarter ending Sept. 30 was the fourth consecutive quarter in which new foreclosure filings increased.For the year so far, new foreclsoure filings in Colorado are up about 18 percent compared to the same period in 2008.The news isn't all bad, though.
Housing officials say Thursday that there are fewer completed foreclosures this year. The total number of completed foreclosures fell 8 percent during the first three quarters of the year when compared to the same period last year. That drop indicates that some homeowners behind on payments are doing a better job trying to get back on track and keep their homes.
* Top sectors include mining, financials, energy
* TMX CEO says rise signals improving economy
TORONTO, Nov 19 (Reuters) - Companies have raised a record amount of money on the Toronto Stock Exchange this year, the latest sign of how strongly markets have rebounded from the global financial crisis.
TMX Group Inc, which runs Canada's largest stock exchange, said on Thursday that firms have raised C$49.7 billion ($46.9 billion) on the TSX as of Oct. 31.
The previous record was C$47.6 billion, which was set in December 2007 before the crisis cut off access to capital for many companies.
At the end of October, 628 financings had been done, up 47 percent from the comparable period in 2008, TMX said.
Top sectors were mining, financials, energy and energy services. The top deal this year was Barrick Gold's C$4.3 billion stock sale.
With two months to go in 2009, the dramatic surge in financings shows "positive investor sentiment as well as issuer optimism that global economic indicators are improving," Tom Kloet, TMX's chief executive, said in a statement.
The company said it is also aggressively growing its international listings business, sending recent delegations to the United States, China, Israel and Australia.
As of the end of October, U.S. based issuers raised C$1.6 billion on the Toronto Stock Exchange and TSX Venture Exchange, representing a 68 percent increase over the same period in 2008, TMX said.
Colorado foreclosures hit record in Q3:
Colorado had a record-high number of new foreclosures in the third quarter, when new filings hit 12,468.The quarter ending Sept. 30 was the fourth consecutive quarter in which new foreclosure filings increased.For the year so far, new foreclsoure filings in Colorado are up about 18 percent compared to the same period in 2008.The news isn't all bad, though.
Housing officials say Thursday that there are fewer completed foreclosures this year. The total number of completed foreclosures fell 8 percent during the first three quarters of the year when compared to the same period last year. That drop indicates that some homeowners behind on payments are doing a better job trying to get back on track and keep their homes.
Financings hit record on Canada's top exchange
* Total financings C$49.7 bln at end of October* Top sectors include mining, financials, energy
* TMX CEO says rise signals improving economy
TORONTO, Nov 19 (Reuters) - Companies have raised a record amount of money on the Toronto Stock Exchange this year, the latest sign of how strongly markets have rebounded from the global financial crisis.
TMX Group Inc, which runs Canada's largest stock exchange, said on Thursday that firms have raised C$49.7 billion ($46.9 billion) on the TSX as of Oct. 31.
The previous record was C$47.6 billion, which was set in December 2007 before the crisis cut off access to capital for many companies.
At the end of October, 628 financings had been done, up 47 percent from the comparable period in 2008, TMX said.
Top sectors were mining, financials, energy and energy services. The top deal this year was Barrick Gold's C$4.3 billion stock sale.
With two months to go in 2009, the dramatic surge in financings shows "positive investor sentiment as well as issuer optimism that global economic indicators are improving," Tom Kloet, TMX's chief executive, said in a statement.
The company said it is also aggressively growing its international listings business, sending recent delegations to the United States, China, Israel and Australia.
As of the end of October, U.S. based issuers raised C$1.6 billion on the Toronto Stock Exchange and TSX Venture Exchange, representing a 68 percent increase over the same period in 2008, TMX said.
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