Mortgages and Loans help
“The new capital hike and the monstrous losses are negative. The choice of Peter Kurer is not so clear either. He’s well-known in legal circles but his skills as a banker have yet to be proven”
The Swiss bank wrote down an additional $19 billion on U.S. real estate and related assets, causing a net loss of 12 billion Swiss francs in the first quarter, and said it would seek 15 billion francs through a … via Boston.com
The mortgage market meltdown has dealt Jim Halbert a double whammy. First he lost his job because of it, and now the former mortgage underwriter for defunct Houston-based Aegis is worried he’s about to lose his home.
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The New South Wales Government says the state has taken the lead in developing a model for better regulation of the mortgage broking industry.
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WARSAW (Thomson Financial) – Poland’s mid-sized lender Getin Bank sees less growth in its mortgage loans this year after a low-base effect allowed Getin Holding SA’s lender to sell 40 percent more mortgages year-on-year in 2007, the bank’s CEO was quoted as saying.
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The Colorado Department of Regulatory Agencies on Monday said the Division of Real Estate is seeking license revocation for mortgage brokers Laura Ann Stearnes and Stephen Angelo Benaske.
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“For many, the national dream of home ownership has turned into a national nightmare of foreclosure.”
In a state where foreclosures are up nearly 70% from a year ago, this South Florida city is doing what it can to help keep people in their homes. via CNN Money
ALMATY, March 31 – The Kazakh government sold a 10 percent stake in Kazakh Mortgage Co for 2.5 billion tenge on the stock market on Monday, the Kazakh Stock Exchange said.
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CHARLOTTE, N.C.—When she stopped by a Wachovia branch in Charlotte last month, Marilyn O’Connor asked about refinancing her townhome. Instead, she got a pitch for a “Pick-A-Payment” mortgage that offered flexible payment options but a higher interest rate.
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Frank Kartesz II, the co-owner of an Erie home redevelopment business, pleaded guilty this afternoon to fraud and conspiracy charges in relation to a widespread mortgage-fraud scheme in the city of Erie.
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At a time when the nation is struggling with its most serious mortgage crisis in recent memory, the Bush administration?s housing honcho has handed in his keys amid allegations that he rewarded fat real estate contracts to political buddies.
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