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US mortgage lending declines

US mortgage lending declines
# 09 February 2007 12:00 (UTC +04:00)
On Feb. 8 available data, the Dow Jones industrial average lost 0.23% to settle at 12,637.63, APA reports.
The Standard & Poor’s 500 Index went down 0.12% to 1,448.31, after hitting a fresh six year highs a day before, the Nasdaq Composite Index slid 0.07% to close at 2,488.67.
NSBC Bank warned that its bad-debt charge for last year would be higher than expected, a result of problems with its U.S. mortgage lending, sending shares lower.
A number of mortgage lenders and other financial stocks declined.
The FTSE 100 was down 0.36%, the DAX lost 0.56%, and the CAC 40 declined 0.67%. /APA/
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