Alliance & Leicester has its mortgage lending quadrupled in Q1 (EARTHtimes.org) British bank Alliance & Leicester Plc. said its net mortgage lending has quadrupled to 1.4 billion pounds in the first quarter compared with 350 million pounds in the previous year
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Carlyle Council OKs sale of city land for store Associated Press text, photo, graphic, audio and/or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium.via
50 Plus! Is a Reverse Mortgage Right for You? (The Oakland Press) It may sound hard to believe in this economic climate, but one part of the mortgage industry is doing well. A reverse mortgage allows homeowners 62 and older to convert
HSBC cut at Morgan Stanley on macro environment Shares of U.K. bank HSBC PLC eased 0.7% in London on the back of a Morgan Stanley downgrade.via
Mortgage crisis forces big cuts at WaMu (AP via Yahoo! News) Washington Mutual Inc. has become the latest lender to resort to a massive stock sale to shore up its finances amid turmoil in the mortgage and credit markets.read more...
“At present, the two parties are still negotiating major terms of the deal and we have not completed due diligence on Bear Stearns. We haven’t signed any formal agreement and we haven’t paid any money.”
CITIC Securities says it might not proceed with a deal to invest about $US1 billion in Bear Stearns because of the US investment bank’s financial crisis. via The Age
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