Mortgage endowment complaints hit record levels (Guardian Unlimited)
The number of mortgage endowment complaints received by the Financial Ombudsman Service (FOS) has hit record levels, rising by a third in the year to March 31.
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FDIC covers interest on principal FDIC insurance covers both principal and interest up to the specified amount, says Dr. Don Taylor.read more...
AIG United Guaranty Canada launches new mortgage policy (Insurance Business Review) AIG United Guaranty Canada has launched Upgrade Advantage, a new mortgage insurance product developed to assist Canadian borrowers who are purchasing a newly constructed house or condominium.read more...
Citigroup chief resigns amid subprime mortgage crisis - Summary (EARTHtimes.org) New York - The chief executive of Citigroup, the largest US financial firm, resigned Sunday amid fallout from the subprime mortgage crisis. Prince is to be replaced by Sir Win
Mortgage lending halves as home loan approvals hit record seven-year low (Daily Mail: World News) Mortgage lending halved during August and the number of loans approved for house purchase slumped to a new record low, figures showed today.read more...
Rates fall again McLEAN, Va. Mortgage rates have slipped for the second straight week. Mortgage giant Freddie Mac says in its weekly survey, 30-year fixed mortgage rates averaged five-point-77 percent this week, down