Durham couple convicted of lending fraud
Federal prosecutors have convicted a Durham couple on charges that they bilked lenders and a government housing program out of $1 million.
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GE plans Canadian bank The financial services division of General Electric Co., the ninth-largest company in the world by revenue, has applied for a banking licence in Canada, potentially providing more competition for the
Retirement accounts to get higher FDIC coverage The government insurance program's top limit for IRAs will go to $250,000, but protection for regular savings accounts will stay at $100,000.read more...
Want to go without wind? Good luck on your mortgage, banks say (The Daily Comet) Consumers might want to go without wind coverage, and may decide on a higher deductible in return for lower rates, but mortgage companies could keep these options from producing what
Payback looms on adjustable-rate mortgage spree (Chicago Tribune) It has been terrorism. A stock market crash. Rising energy prices. read more...
Homeowners face 2 bln pound mortgage lock-in (Reuters via Yahoo! UK & Ireland News) Homeowners are facing a two billion pound "lock-in" that could stop them from switching to a better mortgage deal, a report says.read more...