AmBank targets double-digit mortgage market share (The Edge Daily) AmBank Group is looking to attain a double-digit share of the highly competitive mortgage market, said its head of retail banking Mohamed Azmi Mahmood.read more...
Fed Expected to Maintain Current Rates Federal Reserve Chairman Ben Bernanke and his colleagues are expected to strike a reassuring tone about the country's economic health Wednesday despite persistent worries that problems with risky mortgages ...Commentread
Upscale Lakeside Condos Planned read more...
GM receives $9 billion for mortgage-unit stake (The Star-Ledger) DETROIT -- General Motors, struggling with big losses, slow sales and high labor costs, said yesterday it sold a majority interest in its commercial mortgage division in a deal worth
SR 540 Light Tweak Possible SACRAMENTO, Calif. - Trouble begins with a slow-motion descent toward your first missed mortgage payment. It's a queasy feeling many homeowners know too well as their houses slip away.
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Mortgage setbacks slow Citigroup profit to 2.4 bln dlrs (AFP via Yahoo! News) Mortgage woes and big loan write-downs took a dramatic toll on Citigroup's third quarter profits, but America's largest banking group on Monday still reported a net profit of 2.4
Soaring mortgage default rates this year already have shaken major financial institutions and the fallout from more of them, some experts say, could spread from those already battered banks into the general economy.
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