ABN Amro surprises with quarterly profit surge
Dutch bank ABN Amro reported that net profit in the third quarter had surged to 1.204 billion euros from 892.0 million euros in the same period of last year.
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Top three UK mortgage lenders cut some of their rates (Daily Telegraph) Britain's three biggest lenders have cut some of their mortgage rates, raising hopes that the worst of the turmoil in the mortgage market may be over. By Harry Wallop, Consumer
Mortgage Rates Hit 6 Percent, and Climbing (AP via Yahoo! News) Americans may have seen the last of long-term mortgage rates below 6 percent, and borrowing costs for home buyers likely will climb further, slowing frenetic demand that has stoked
Patrick files bill to criminalize mortgage fraud (Boston Herald) BOSTON - Mortgage companies that engage in predatory lending practices could face criminal penalties under a bill filed Monday by Gov. Deval Patrick. The bill would criminalize mortgage fraud, require...read
Mortgage scams bedevil unlikely victims -- banks (BizJournals) Mortgage fraud is up sharply across the country, and the Puget Sound area is no exception.read more...
Roads Need Upgrades, Official Says read more...
Wachovia to sell mortgage unit to Barclays (Charlotte Business Journal) Wachovia Corp. has agreed to sell the U.S. mortgage-servicing business of HomEq Servicing Corp. to Barclays Bank plc for $469 million.read more...