FSA challenges mortgage lenders to justify exit fees (Banking Business Review)
The Financial Services Authority in the UK has contacted a number of mortgage arrangers requesting justification for a recent trend in increased exit fees.
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Lakevale Estates' Mystique Is More Casual Than Chic Maybe Lakevale Estates should drop the "estates" from its name -- it's such a stuffy word, out of sync with the attractive, casually comfy Fairfax County community just west
Private-lender founder says rapid growth killed company Thomas Hantges, founder and majority shareholder in USA Capital, on Friday said the $950 million asset private lender filed for bankruptcy protection a week ago because of too-rapid growth.read more...
High-Quality Tools Are Worth the Investment A table leg wobbles. A faucet drips. When you own a house, things happen. That's why every homeowner should have a properly equipped toolbox. read more...
Bank of America Joins Parade of Mortgage-Related Losses (New York Times) The bank cited huge write-downs of mortgage-related securities and higher provisions for future losses in credit card and home equity loans.read more...
Road Won't Get Help Yet read more...
Capstead Mortgage Corporation Announces Private Placement of $35 Million of Trust Preferred Securities (Business Wire via Yahoo! Finance) Capstead Mortgage Corporation announced today that it has issued and sold in a private placement $35 million of trust preferred securities through a newly formed trust, Capstead Mortgage Trust