Mortgage Bank Sees Harder Times (Ananova)
Mortgage bank Northern Rock says strong trading is continuing and it expects to see core profits up 12% at around £494m at 12%, as forecast.
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HBOS hit as mortgage margins fall (Reuters via Yahoo! News) Britain's biggest mortgage lender, HBOS Plc, posted a 3 percent rise in annual profit, just short of analysts' expectations, as margins in its core retail business were hit, sending
Merrill to Buy First Republic, Seeking to Add Wealthy Clients Merrill Lynch said yesterday it had agreed to buy the First Republic Bank for $1.8 billion in cash and stock to gain clients with an average net worth of $20
Home Depot is a lure for mall There's more activity at the Dutchess Mall these days than there has been in a decade.read more...
U.S. Stocks Decline on Mortgage Concern; Bear Stearns Falls (Bloomberg.com) June 22 (Bloomberg) -- U.S. stocks plunged, capping the Dow Jones Industrial Average's worst week since early March, as concern intensified banks will be saddled with losses on mortgage bonds.read
MORTGAGE MELTDOWN / Mortgage offers keep coming - brokers want commissions (Addict 3D) Ever since the real estate market boiled over, melting down the mortgage industry and its cheap-money feeding frenzy, I've been waiting for one happy outcome: an end to the roar
Inheriting A Reverse Mortgage And Other Quandaries (NPR) Our personal finance contributor discusses how to resolve the reverse mortgage of someone who has died, whether to buy a home while living off student loans and how to prioritize