American International Group Inc. (AIG) , the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it?s different.
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AIG Wagers on Subprime Betting Second Time Different: Mortgages
Posted by mortgage 6 days ago (Editorial)
RBC, Credit Suisse among bidders for BofA wealth units: sources
Posted by mortgage 6 days ago (Editorial)
SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America in a deal that could be worth about $2 billion, sources said. Swiss bank Julius Baer was also keen to bid for some of BofA's units in Europe, the Middle East, Latin America and Asia excluding Japan, the sources
Time to Refinance? Low Rates Are Just One Factor
Posted by mortgage 14 days ago (Editorial)
All-time lows in mortgage rates may make refinancing seem like a no-brainer, but that would be a mistaken assumption for any home owner.
Genworth Mortgage Insurance Unit Announces Price Reductions and Expanded Credit Guidelines to Help Lenders Serve More ...
Posted by mortgage 16 days ago (Editorial)
RICHMOND, Va., May 7, 2012 /PRNewswire/ --
Time running out for Ally Financial
Posted by mortgage 16 days ago (Editorial)
Interviews with people directly involved in Ally?s restructuring reveal how missed opportunities, competing interests, lax oversight from the government and bad luck have stymied Ally
Insight - Time running out for Ally Financial's restructuring
Posted by mortgage 16 days ago (Editorial)
NEW YORK/CHARLOTTE, North Carolina (Reuters) - In the fall of 2009, the board of GMAC, one of the largest U.S. auto and home-loan companies, gathered in New York to discuss whether to put its troubled mortgage unit into bankruptcy. GMAC, now called Ally Financial, was just about to receive the last of $17 billion (10 billion pounds) in taxpayer bailouts. The board, including directors named by ..
It's right time to buy a house
Posted by mortgage 27 days ago (Editorial)
Housing hasn't been this affordable in decades, and mortgage rates are near historic lows. Here are the steps you need to take.
Mortgage rates rise for 1st time in 4 weeks
Posted by mortgage 33 days ago (Editorial)
Mortgage rates in the United States rose for the first time in four weeks, increasing borrowing costs as demand for housing is slow to recover. The average rate for a 30-year mortgage climbed to 3.9 percent in the week...
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