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1 in 7 mortgage holders worried about payments (Lexington Herald-Leader) One in seven mortgage holders worries about failing in the near future to make a monthly payment, and even more fret that their home's value is shrinking, according to a
(AFX UK Focus) 2008-06-09 07:39 Italy April outstanding mortgage loans fall from March; second month running (Interactive Investor) MILAN (Thomson Financial) - Italy's stock of outstanding mortgage loans fell in April to 256.5 billion euros from 259.9 billion in March and 268.3 billion in February, said Il Sole
Nationwide Building Society slashes mortgage deal prices (Banking Business Review) Nationwide Building Society has announced that it is cutting the price of some of its fixed rate and tracker mortgage deals by up to 0.27%.read more...
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Profits at the nation’s banks hit a four-year low in the third quarter, as the mortgage meltdown continued to erode the bottom line at major financial institutions, according to regulatory date released today.
Federally insured banks and thrifts posted profits of $28.7 billion in the third quarter, down 24 percent, or $9.4 billion, from the same quarter in 2006, according to the Federal Deposit Insurance Corp.
Numerous banks—including Bank of America and SunTrust and other major players in Florida—posted double-digit declines in earnings during the most recent quarter. Read more
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