short sales

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European Countries Ban Short Selling

First Western ban on practice since Lehman fall

(Newser) - European markets are up today following the decision by four countries to ban short-selling of some stocks. After stumbling this morning, London’s FTSE 100, Frankfurt’s Dax, and Paris' Cac rose between 1.5% and 2.5%, the BBC reports. The last major Western short-selling ban came in the... More »

Banks Yanking Homeowners' Last Hope: Short Sales

Healthier lenders no longer anxious to cut deals

(Newser) - As banks get healthier, they're getting stingier with one of the few remaining lifelines for underwater homeowners—short sales. To keep home sales moving in leaner times—and to get bad loans off their ledgers—lenders would forgive the difference between the outstanding mortgage balance and the purchase price. Such... More »

2 Stories