RBC issues refund to some customers who prepaid their mortgage between 1999-2004 (CNW Group via Yahoo! Finance) RBC Royal Bank announced today that it is providing refunds to approximately 23,000 residential mortgage customers who were assessed an incorrect mortgage prepayment charge. The mortgage prepayment charge applies
10 real estate deal-breakers Looking to buy or sell in 2006? A property expert offers 10 pitfalls for the unwary.read more...
Some 'Preapprovals' Aren't Worth Ink They're Printed With A new national study says that too many home buyers are kidding themselves -- and home sellers -- about a crucial step in the mortgage process: Growing numbers of
Mortgage lending rises in December -BBA (Reuters via Yahoo! UK & Ireland Finance) Underlying net mortgage lending rose 5.8 billion pounds in December, the British Bankers' Association said on Friday, suggesting higher borrowing costs may be starting to weigh on the housing market.read
Countrywide to aid more borrowers Countrywide Financial Corp., under pressure to help stem growing home loan defaults, says it will expand programs to help borrowers manage their mortgage payments regardless of the type of
Sub-Prime Woes Not Spilling Over To Over Other Credit Areas Chad Brand submits: Below is an excerpt from the first quarter earnings press release of a consumer lender that serves lower end customers, including some who would be classified
“The economic situation is particularly precarious. If the problems affecting Wall Street and housing worsen, the recession will be deeper and the fiscal pressures on the city will quickly mount”
New York City risks losing more than 20,000 jobs in the high-paying financial sector over the next two years as the crisis in mortgage markets drives down Wall Street’s profits, according to a report issued on … via The Epoch Times
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