Currencies: Pound weakens as BOE announces mortgage-swap plan (Market Watch) The British pound falls prey to profit-taking after the Bank of England announces details of a plan to let commercial banks use mortgage-backed securities as collateral for loans in an
Prudential Rand in mortgage business (The Journal News) Prudential Rand Realty now sells mortgages along with houses. The real estate company has launched Rand Mortgage LLC, a subsidiary that will broker mortgages between house buyers and banks. The
The Housing Grinch Won't Steal Christmas Economists report that there appears to be no proof that the U.S. housing market's downturn has had any major "spillover" impact on consumer spending, meaning that the slump is still
Federal regulators close Arkansas bank ANB Financial Federal regulators says they've closed ANB Financial National Association banks after discovering 'unsafe and unsound' business practices there.David Barr, a spokesman for the Federal Deposit Insurance Corp. says many
American Capital to raise $250M for mortgage investments (Washington Business Journal) American Capital Strategies Ltd. is launching a new investment arm named American Capital Agency, which will invest in mortgage related securities. (ACAS)read more...
Decision about selling home not merely profitability issue Jeff Brown PERSONAL FINANCE We have eight years left on our mortgage and a remaining debt of $127,000. The house is worth about $260,000. Now we're going to move into
Directors of Metropolitan Mortgage & Securities Co. have sued their former accounting firm, PricewaterhouseCoopers LLC, over audits performed in 1999 and 2000 they contend failed to warn them that the Spokane …
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