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Tough times for investment banks may be opportunity for regionals Prospects for regional banks brightened last week as the federal government said it would develop a plan to buy troubled mortgage debt from beleaguered lenders.
Hawaii���s largest banks raise mortgage rates Mortgage rates at Hawaii���s largest banks nudged upward this week after last week���s plunge following the federal government���s takeover of mortgage giants Fannie Mae and Freddie Mac. Bank of Hawaii raised its rate for a 30-year fixed-rate mortgage to 5.625 percent with 1.875 points, up from 5.375 percent and 1.75 points last week, according to data provided by the Honolulu Board of Realtors. ...
$700B rescue plan may not save some troubled banks A sweeping government plan to buy up to $700 billion in bad mortgages may not be enough to save some banks, which experts say may be forced to absorb big losses if they sell their troubled assets. The proposal for the government to soak up the mortgage-backed...
Feds work on plan to rescue banks from bad mortgage debt In the first comprehensive government effort to get control of the spreading and frightening Wall Street financial crisis, Treasury Secretary Henry Paulson said the administration is developing a plan to rescue banks from bad mortgage debt.
Mandate National Mortgage Corporation - Third quarter 2008 dividend On behalf of the Board of Directors of Mandate National Mortgage Corporation , Mr. Alan Long, President, is pleased to announce that September 30, 2008 has been fixed as the record date for the third quarter 2008 dividend.
Sector roundup: National banks, insurance cos. Shares of national banks surged in late trading Thursday, as investors were encouraged by a report that the federal government may create an entity to hold banks' bad debt.
Mortgage bills could rise by hundreds of pounds in wake of banking meltdown Mortgage bills could rise by hundreds of pounds a year as lenders respond to the chaos. One specialist lender, First National, yesterday raised the cost of new mortgages by as much as 1.6 per cent.
$700B rescue plan may not save some troubled banks A sweeping government plan to buy up to $700 billion in bad mortgages may not be enough to save some banks, which experts say may be forced to absorb big losses if they sell their troubled assets. The proposal for the government to soak up the mortgage-backed securities would be the biggest bailout plan since the Great Depression, but experts say a critical issue will be how much it actually ...
Stock market chaos will cause mortgage bills 'to rise hundreds of pounds a year' Mortgage bills could rise by hundreds of pounds a year as lenders respond to the chaos. One specialist lender, First National, yesterday raised the cost of new mortgages by as much as 1.6 percentage points - adding ��166 a month to the cost of a typical ��150,000 loan.
$700B rescue plan may not save some troubled banks A sweeping government plan to buy up to $700 billion in bad mortgages may not be enough to save some banks, which experts say may be forced to absorb big losses if they sell their troubled assets.
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