Average 30-year mortgage rate rises to 5.73% (Detroit Free Press) The average U.S. rate on a 30-year fixed mortgage rose this week to the highest since the middle of May, according to Freddie Mac. The rate increased to 5.73% from
Personal bankruptcies leap 25 per cent to hit an all-time high The number of people declared bankrupt hit an all-time high in the first months of the year.via
Five indicted in mortgage fraud scheme (Boston Herald) WORCESTER - Five people have been indicted for allegedly falsifying bank documents to obtain fraudulent mortgage loans. State Attorney General Martha Coakley said today...
Repossessions at highest rate in 12 years More people are struggling to stop their homes being repossessed than at any point in the past 12 years, official figures show.read more...
Some credit-card issuers end rate-bumping policies Kathy Chu USA Today Credit-card issuers are pulling back from the controversial practice of raising customers' interest rates because of missteps with other creditors.read more...
Bristol police officer charged with fraud A Bristol Police officer has been charged with attempted fraud for lying about where he works to get a home loan.read more...
The Danish central bank said Monday it has taken over the nation’s 10th largest bank, a 124-year-old institution which had been struggling amid global financial turmoil and mounting losses on mortgage loans as housing prices fell in Denmark.
Roskilde Bank will receive 4.5 billion kroner ($892 million) in cash from Nationalbanken and the financial sector in Denmark after it was unable to find a buyer.
The Danish central bank also said it would assume 37.3 billion kroner ($7.43 billion) of debt in the deal.
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