United States deposit insurer FDIC has sued Deutsche Bank and other big financial groups, seeking damages for mortgage losses. The lawsuit is one more attempt to clean up the subprime mortgage scandal.
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FDIC sues big banks over subprime mortgage losses
Posted by mortgage 6 hours ago (Editorial)
Three major banks cut mortgage rates
Posted by mortgage 6 days ago (Editorial)
Westpac has moved to cut some of its advertised fixed-term mortgage interest rates, on the heels of cuts by Kiwibank earlier in the day, matching the state owned bank's new market low offers over two and three years. And late in the...
Mortgage lender Equitable shows why banks love housing boom
Posted by mortgage 12 days ago (Editorial)
Loan losses going down, profits going up
Halifax pushes up mortgage charges in new blow to homeowners as banks are accused of profiteering despite record low ...
Posted by mortgage 12 days ago (Editorial)
Britain?s biggest mortgage lender yesterday increased its rates by up to 0.3 percentage points despite the Bank of England keeping the base rate at 0.5 per cent for the 38th month in a row.
Home Capital Wins Mortgages as Canada Banks Retreat
Posted by mortgage 33 days ago (Editorial)
Home Capital Group Inc. (HCG) said it?s capturing mortgage business from Canadian lenders including Toronto-Dominion Bank and Canadian Imperial Bank of Commerce that are retreating from the C$200 billion ($201 billion) nonprime market amid signs of a housing downturn.
US home-buying season finally signaling a recovery
Posted by mortgage 38 days ago (Editorial)
Five years after the U.S. housing bust sent sales and prices plunging, the spring home-buying season is pointing to a long-awaited recovery.
Banks foresee drop in home prices, tougher mortgage terms
Posted by mortgage 43 days ago (Editorial)
Home prices are going to decline, each and every one of Israel's banks declared in their financial statements for the year 2011. Based on that forecast and the uncertainty shrouding the housing market, the banks said they have already made it harder to take out a mortgage loan - but didn't reveal exactly how they redefined mortgage eligibility.
Mortgage to Lease: Good for Borrowers, Better for Banks
Posted by mortgage 52 days ago (Editorial)
Bank of America's test program for underwater homeowners is a win-win, especially for the bank.
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