Mortgage rates reach 26-month high (The The Business Journal of the Greater Triad Area) Mortgage rates rose for the ninth-straight week this week, with the average 30-year fixed-rate reaching its highest level since September 2003.read more...
Mortgage Applications Rise for First Time in 3 Weeks (Fox News) Mortgage applications rose last week for the first time in three weeks.read more...
Mortgage company avoids criminal prosecution over accounting (The Times of Northwest Indiana) WASHINGTON | Mortgage finance giant Fannie Mae avoided criminal prosecution over its alleged multibillion-dollar accounting fraud, the latest twist in a saga of intrigue involving a politically potent company.read more...
Retail Profiles Susan Henry started Cobblestone & Vine in Little Rock, Ark., as a hobby 12 years ago in a 10 10 space above an interior design office.read more...
Confused by all the Mortgage Options? Here's Help (Gridley Herald) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,
We are not selling out of fear This letter is in response to your story "Candidate calls out Kalisz on city crime," Aug.read more...
“Taking into consideration strong net inflows and stable margins, the segment is poised for future growth as markets go back to normal.”
German insurer Allianz SE said Friday first-quarter net profit fell 65 percent due to difficult market conditions as it wrote down $1.3 billion tied to the U.S. subprime crisis.
Allianz, which also owns Dresdner Bank, said net profit for the January through March period came in at 1.1 billion euros ($1.69 billion) compared with 3.2 billion euros in the same quarter a year ago.
The news sent Allianz shares down nearly 2 percent to 128.48 euros ($197.18) in Frankfurt morning trading.
Allianz said it marked down 845 million euros ($1.3 billion) at its banking business as a result of its asset-backed securities, which combines various slices of mortgage-backed securities. The market for subprime mortgages, those made to people with less than stellar credit, began to collapse last summer. Banks have written of billions as a result as they revalue holdings. Read more
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