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Mortgage scheme nets disbarred lawyer 3½ years in jail (CBC)  A disbarred lawyer has been sentenced to 3½ years behind bars for his part in a multimillion-dollar mortgage scheme, according to newspaper reports.read more...


Fitch Mulls Mortgage Insurance Downgrade (AP via Yahoo! Finance)   Fitch Ratings is considering slashing its rating on some of the biggest mortgage insurers in the country, saying Monday a spike in unpaid home loans is triggering more claims.read


Your Money Matters: Dealing with Rising Mortgage Interest Rates (Harrisburg Daily Register)  (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans


2 Dead, 1 Million Lack Power After Landfall  read more...


Moody's says FHL banks' credit profiles strong, improving  Moody's Investors Service believes the individual credit profiles of the 12 Federal Home Loan Banks are strong, and it expects them to improve as the banks reduce their exposure to


Morgan Stanley Cuts 1,000 Mortgage Jobs  "Given the continued dislocation in the mortgage markets, we have restructured our residential mortgage business to ensure we are appropriately positioned for the environment going forward" Morgan Stanley on

August 2nd, 2005

HBOS sees moderate drop in consumer credit quality

HBOS expects only a moderate deterioration in credit quality among consumers, it said on Wednesday as the UK’s largest mortgage lender reported a 15 per cent rise in interim profits and upped its share buy-back …

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