Word: morgans
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Dates: during 1980-1989
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...will homeowners continue bor rowing against the equity in their dwellings while interest rates on second mortgages reach toward, and in some states exceed, 20%? It is doubtful, but econo mists and bankers are divided. Says Mil ton Hudson, a senior vice president of New York's Morgan Guaranty Trust...
...trustees' policy and budget sub-committee was scheduled to meet with Citibank officials to discuss the proposed loan. In the past, the subcommittee has met with officials from Morgan Guaranty Trust and Union Carbide to discuss princeton's policy on South African loans and investments...
...previous peaks, which in April reached 20% for the prime lending rate that banks charge their most credit-worthy corporate customers. That rate has once again bounded up and last week stood at 17% for such large financial center lenders as New York City's Chase Manhattan and Morgan Guaranty Trust Co. and Chicago's Continental Illinois. Bills, bonds and notes issued by the Treasury and various other federal financing agencies ranged as high as 14% in many cases, while top-rated corporate bonds yielded as much...
Though borrowing by corporations has helped stimulate demand for money until now, bankers, businessmen and economists expect the looming business slowdown to allow rates to fall back slight ly. Says Milton Hudson, a senior vice president for Morgan Guaranty Trust Co.: "These current rates are going to hurt economic activity as well as pinch the demand for credit. We are expecting no real growth at all during the first quarter of 1981, and it will be a close call as to whether or not the economy will actually decline...
...tide: in Pennsylvania, former Philadelphia District Attorney Arlen Specter edged out former Pittsburgh Mayor Peter Flaherty; in North Carolina, John East, a professor of political science at East Carolina State University and protégé of Republican Senator Jesse Helms, came from behind to unseat Democratic Incumbent Robert Morgan; in Georgia, Herman Talmadge was upset by Businessman Mack Mattingly. Ironically, the man who next to Reagan is most identified with conservatism almost lost. Arizona's Barry Goldwater, 71, seemed infirm to many voters but managed to eke out a narrow victory. Some of the key Senate contests...