Fidelity Bank, the area?s third-largest bank by deposits, recorded a $6.65 million loss in the three-month period ending March 31.
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Fidelity Bank posts quarterly loss, cites sale of mortgage-backed securities
Posted by mortgage 13 days ago (Editorial)
Ally Financial Posts $310 Million Profit In 1Q
Posted by mortgage 27 days ago (Editorial)
Ally Financial Inc., the government-owned lender that may seek bankruptcy protection for its struggling mortgage business, posted a $310 million profit in the first quarter driven by solid auto-finance results and improvements in its mortgage operations.
Mortgage lenders move the goal posts
Posted by mortgage 31 days ago (Editorial)
Home owners are facing unexpected mortgage rate rises as lenders exploit loopholes in original contracts.
National Bank posts strong home mortgage growth as part of Q1 $332M profit
Posted by mortgage 81 days ago (Editorial)
By LuAnn LaSalle, The Canadian Press MONTREAL - National Bank of Canada has been increasing its home mortgages business with the help of more specialists and by working with brokers, but it hasn't lowered ...
National Bank posts strong home mortgage growth, helped by working with brokers
Posted by mortgage 81 days ago (Editorial)
MONTREAL - National Bank of Canada has been growing its home mortgages business with the help of more specialists and by working with brokers, but it hasn't lowered its underwriting standards to achieve the growth, the bank said Friday.
NY Fed Sells $6 Billion In Mortgage Bonds To Credit Suisse, Posts Gain
Posted by mortgage 84 days ago (Editorial)
- Credit Suisse beats four others to buy $6B in NY Fed mortgage bonds
BofA ?Three-Ring Circus? Posts Worst Showing in Dow Average
Posted by mortgage 141 days ago (Editorial)
Bank of America Corp. is this year?s worst performer in the Dow Jones Industrial Average as concern about mounting mortgage losses and a global economic slowdown weighed on the second-biggest U.S. lender.
H&R Block posts wider 2nd-qtr loss; downplays spike in claims against shuttered mortgage unit
Posted by mortgage 173 days ago (Editorial)
NEW YORK ? A spike in claims related to bad loans written by its now-shuttered subprime mortgage unit shouldn?t create any new liability for H&R Block Inc., company executives said Thursday after releasing results that showed a wider loss for its fiscal second-quarter. The nation?s largest tax preparer said claims from investors in securities backed by those mortgages, and from insurers who ...
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