London open: Mortgage banks down again (ShareCast)
The Bank of England has reportedly had no success in finding an institution willing to take on Northern?s £100bn-plus mortgage book and it could have to limp along on its own.
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New offset mortgage plan from Newcastle NEWCASTLE Building Society has launched a new fees-free offset mortgage, offering a rate of 0.5 per cent above the Bank of England base rate for the lifetime of the mortgage.read
Bank Settles Countrywide Mortgage Lawsuit (CBS News) Facing a lawsuit over deceptive mortgage practices, a Bank of America Corp. subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing
Mortgage application volume falls 7.8 percent (AP via Yahoo! Finance) Mortgage application volume fell 7.8 percent during the week ending May 16, according to the trade group Mortgage Bankers Association's weekly application survey.read more...
Lowe's Profit Rises 20 Percent, Led by Air Conditioners, Outdoor Furniture Lowe's Cos., the world's No. 2 home- improvement retailer, said second-quarter profit rose 20 percent, topping analysts' estimates, helped by kitchen installations and new stores.read more...
Mortgage rates jump to 17-month high (Washington Business Journal) Better than expected reports on economic growth continue to push interest rates up, with mortgage rates jumping sharply this week.read more...
Bill to Raise Costs of Home Buying JEFFERSON CITY, MO- The federal government is urging Governor Blunt to veto a bill it says could raise the cost of buying or selling a home.via