Thrifts lose on bad mortgage loans WASHINGTON - Savings and loan associations lost a combined $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans, the government reported yesterday.
Home loan rates cut - at last TREASURER Wayne Swan has welcomed Wizard Home Loans' mortgage rate cut, and says other banks must do the same.
CBA grabs stake in Aussie Home Loans AUSSIE Home Loans founder John Symond is offloading 33 per cent of the mortgage broking business to CBA.
Success amid credit crisis NEW YORK Ronald Hermance, head of Hudson City Bancorp, has never made a subprime loan. His bank doesn't keep risky mortgage securities on the books, and is headed toward another record year of profits. Nonetheless, Hermance's Paramus, N.J.-based savings bank finds itself cast alongside embattled institutions such as Citigroup Inc. and Washington Mutual Inc. as the credit crisis continues. For ...
Australia's CBA to buy 33% stake in Aussie Home Loans Commonwealth Bank of Australia Ltd CBA agreed to buy a 33 per cent stake in mortgage broker Aussie Home Loans.
ACCC to probe CBA's Aussie Home Loans purchase The corporate watchdog says it is investigating the Commonwealth Bank's CBA purchase of a third of the mortgage company Aussie Home Loans.
Reverse-mortgage loans can be viable options Reverse mortgages were once viewed as a dubious and even dangerous strategy.
In a sluggish, down economy ... protect your good credit history EL PASO -- The nation's lenders are tightening up on whom they give loans to, experts say, and now it's even more important for consumers to manage their finances and credit wisely and maximize their credit scores.
Borro Launches Ground-breaking Online Service to Provide Short-term Loans Borro is an online business that offers consumers responsible, fast and convenient short-term loans, through the temporary release of equity from personal assets.Borro provides one of the fastest and most flexible ways for consumers to meet their short-term cash flow needs when traditional sources credit cards and overdrafts are not available or are already fully utilised. Using ...
Mortgage program’s end may hurt sales A major piece of the federal mortgage loan program is coming to an end, a change that could mean more uncertainty for home sales throughout the rest of 2008 and into 2009.
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