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
Search results for us, charge, exsuisse, traders, subprimes, sources
RBC, Credit Suisse among bidders for BofA wealth units: sources
Posted by mortgage 6 days ago (Editorial)
Mortgage Rates in U.S. Fall to Record Lows With 30-Year at 3.79%
Posted by mortgage 6 days ago (Editorial)
Mortgage rates in the U.S. fell to a record for a third straight week, reducing borrowing costs as the housing market improves and home-loan defaults decline.
Ally not looking to sell U.S. auto lending: CEO
Posted by mortgage 8 days ago (Editorial)
(Reuters) - Ally Financial is "absolutely not" looking to sell its core U.S. auto lending business as it seeks ways to pay back $12 billion it owes to U.S. taxpayers after a government-funded bailout during the financial crisis, the company's CEO said Tuesday. Ally, the former in-house financing arm for General Motors Co , on Monday announced plans to sell some international operati
Former GM mortgage unit files for bankruptcy in the US
Posted by mortgage 8 days ago (Editorial)
ResCap, the subprime mortgage lender that was once owned by the US car giant General Motors, filed for bankruptcy protection yesterday in a move that is expected to help its parent company, Ally Financial, focus on its main car lending business and put together a plan to pay back billions to US taxpayers.
Sources: Ally Financial's mortgage unit nears bankruptcy
Posted by mortgage 9 days ago (Editorial)
NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
Ally Financial's mortgage unit nears bankruptcy: sources
Posted by mortgage 9 days ago (Editorial)
NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights. The board of ResCap is scheduled to meet later on Sunday and a pre-arranged bankruptcy filing, where Ally has
US rate on 30-year mortgage hits record 3.83 pct.
Posted by mortgage 13 days ago (Editorial)
Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week. Cheap mortgage rates have made home-buying and refinancing more affordable than ever for those who can qualify.
US Mortgage Rates Hit New Low For Second Week: Freddie Mac
Posted by mortgage 13 days ago (Editorial)
U.S. 30-year fixed-rate mortgage rates hit a new record low in the week ending May 10, following lower Treasury bond yields and weaker economic data in April, mortgage financier Freddie Mac said Thursday.
Saved Stories
Mortgage How to Get is an informational resource about mortgage news and information.