Scaled-Down Plan Still Faces Hurdles
U.S. bank Wachovia exits wholesale mortgage lending business (The Canadian Press via Yahoo! Canada News) CHARLOTTE, N.C. - Wachovia Corporation, the fourth largest-bank in the United States, said Monday that it is leaving the wholesale mortgage lending business.read more...
UniCredito's $23 Billion HVB Purchase May Force More European Bank Mergers UniCredito Italiano SpA's 19.2 billion- euro takeover of Germany's HVB Group, a record cross- border banking merger for Europe, is likely to spur more financial companies in the region to
Fed to Lend $200 Billion, Take on Mortgage Securities (Update3) (Bloomberg.com) March 11 (Bloomberg) -- The Federal Reserve, struggling to contain a crisis of confidence in credit markets, plans to lend up to $200 billion in exchange for mortgage-backed securities.read more...
Tapping into your IRA You can get your hands on your stash of cash at any time. But do you want to?read more...
Panel to Share Ideas on Tax Laws Organizations representing Realtors and mortgage bankers say they will strongly oppose recommendations anticipated today from President Bush's tax advisory panel to limit deductions of interest paid on home ...read more...
Nab 23 in mortgage con (New York Daily News) Twenty-three brokers, appraisers and bankers were indicted yesterday in a $3.5 million scheme to dupe banks and other lenders by recruiting "straw" buyers to fill out bogus mortgage and loan