Types Of Bankruptcy

China Property Bubble a Patchy Phenomenon  BEIJING, Oct 24 Asia Pulse - China is experiencing a property bubble in some cities, but it is not a nationwide phenomenon and the government is moving cautiously in reining


Applications Available For Safety Award For Excellence  Applications are now being accepted for a new award program - Safety Award For Excellence - that recognizes home builders who develop outstanding worksite safety programs.read more...


Union Bank launches reverse mortgage plan (The Hindu)  CHENNAI: Union Bank of India has announced reverse mortgage scheme for senior citizens, Union Reverse Mortgage Scheme. The scheme enables home owners to obtain monthly payments against the mortgage of


Cowell pays couple's mortgage (BBC News)  Simon Cowell pays off an American couple's £80,000 mortgage, to help them look after their daughter who has cancer.read more...


Mortgage Giant Countrywide Warns on Profit (Fox News)  Countrywide Financial Corp (CFC), the largest U.S. mortgage lender, said Thursday its second-quarter earnings may not meet investor expectationsread more...


30-year mortgage rates at two-year low (UPI)  The Freddie Mac mortgage survey said Thursday the 30-year fixed mortgage rates in the United States had fallen to their lowest level in more than two years.read more...

January 23rd, 2007

ABN Amro sells US mortgage arm to Citigroup (Banking Business Review)

Netherlands-based international bank ABN Amro has reached an agreement to sell its US-based residential mortgage broker origination platform and servicing business ABN Mortgage Group to US banking giant Citigroup, as part of its strategy of streamlining its activities and aligning them around its mid-market commercial and consumer clients.

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