Posted on Saturday, 27th February 2010 by Mortgage Helper
Senate Banking Committee Chairman Christopher Dodd abandoned the Obama administration plan for a stand-alone consumer financial agency and is proposing a bureau in the Treasury Department, seeking to win Republican support for legislation to overhaul U.S. financial regulations.
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Posted on Saturday, 27th February 2010 by Mortgage Helper
If you plan to take out a mortgage or refinance anytime soon, you might want to hear this blunt message from federal officials: Don’t fly blind.
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Posted on Saturday, 27th February 2010 by Mortgage Helper
A mortgage is the security of a debt made in order to purchase property. It is a process whereby the interest or right to a certain property is temporarily transferred from the owner or borrower to the institution concerned, which is either a bank or mortgage lender.
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Posted on Saturday, 27th February 2010 by Mortgage Helper
THE USE of credit by the private sector continued to fall in January, as consumers weaned themselves off credit card debt, the mortgage market contracted and lending to businesses declined.
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Posted on Saturday, 27th February 2010 by Mortgage Helper
The Nevada Department of Business and Industry, Financial Institutions Division, seized Carson River Community Bank.
The Washington Department of Financial Institutions closed down Rainier Pacific Bank because of inadequate capital and severe loan losses.
Assurity Financial Services LLC notified its customers that it would wind down operations last week, according to a copy of a [...]
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Posted on Friday, 26th February 2010 by Mortgage Helper
Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that the central bank is looking into the use by Goldman Sachs and other Wall Street firms of high-risk financial instruments to make bets that Greece would default on its debt.
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Posted on Friday, 26th February 2010 by Mortgage Helper
British economic growth in the final quarter of 2009 was revised upward slightly on Friday, assuaging fears that a second estimate on the data would reveal that the country hadn’t exited recession after all.
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Posted on Friday, 26th February 2010 by Mortgage Helper
Ulster Bank has reported a 368m loss for last year. The bank says the results are set against the backdrop of extremely difficult market conditions.
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