Merrill Lynch sees earnings headwind from higher provisions, continued margin pressure Merrill Lynch analyst Edward Najarian believes that higher loan loss provisions, coupled with the existing margin pressures of the flat yield curve and competitive pricing, will serve as a significant
Concern heightens over UK mortgage losses (Financial Times) In past years, one of the most common refrains heard from British bankers dealing with mortgage products was: ?We don?t have subprime here.?read more...
Homes of Katrina Survivors Face City Demolition New Orleans officials are toughening enforcement of an ordinance giving them power to bulldoze smashed and moldy buildings. The list of doomed structures includes some with little damage or repairs
Manufacturing activity grows at slower pace Manufacturing activity in the United States expanded at a slower pace in January than in the previous month, according to report Wednesday by a private research group.read more...
Interest Rate Roundup Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts.read more...
U.S. Banker Names SunTrust Mortgage Executive One of Top 25 Women to Watch in Banking (PR Newswire via Yahoo! Finance) SunTrust Mortgage, Inc. is pleased to announce that Martha R. Simmons, executive vice president and national retail production manager, has been named by U.S. Banker as one of "25
A special report from The Mortgage Store Online (TMSO) concludes that although fixed mortgage rates for home loans in Canada have risen for the third time in the last two months, smart borrowers, whether purchasing or refinancing home real estate, will find them a better option than adjustable rate mortgages, which currently have a lower but much less stable rate.
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