Citigroup restructures, integrates mortgage businesses (USA Today)
Citigroup© is planning to integrate its various mortgage businesses from originations to securitizations according to a Tuesday memo to Citi employees.
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National City 2nd quarter earnings off 27 percent National City Corp. said on Tuesday that its second quarter earnings fell 24 percent, hurt by a change in how it hedges gains in its mortgage service business.read more...
Banking Regulators Issue Exotic Mortgage Info Booklet (Nasdaq) WASHINGTON -(Dow Jones)- Federal banking supervisors issued an information booklet Wednesday aimed at helping consumers navigate the universe of exotic mortgage products, such as interest-only loans.read more...
Intimate Strangers Aisha Burnes and Lanka Tattersall share just about everything but their finances.read more...
Meltdown in US finance system pummels stock market The upheaval in the American financial system sent shock waves through the stock market Monday, producing the worst day on Wall Street in seven years as investors digested the failure
Countrywide Has to Borrow Billions The credit mess forced Countrywide Financial Corp., the nation's largest mortgage lender, to borrow $11.5 billion Thursday, shocking financial markets already reeling from the growing credit crunch and threatening to
J.D. Power Ranks Mortgage Service Companies (The Denver Channel) WESTLAKE VILLAGE, Calif. -- SunTrust Mortgage ranks highest in customer satisfaction among home mortgage servicing companies, according to the J.D. Power and Associates 2005 Primary Mortgage Servicer StudySM released Tuesday.read