Tag Archives: largest mortgage lender

The Heart of the Foreclosure Crisis

Alan Zibel writes that almost 3,000 Americans a day lost their home through foreclosure over the summer. That’s more than twice the rate of a year ago. This problem is a lot worse than initially thought. About four million homeowners … Continue reading

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Danish Banks Consolidate

COPENHAGEN, Sept 15 (Reuters) – The Danish banking sector, which is brimming with more than 100 small local lenders, saw two deals on Monday, prompted by last month’s collapse of Roskilde and by the expansionary plans of a big Swedish … Continue reading

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Mortgage Perks For Sen. Dodd

Kevin Rennie writes: No wonder Sen. Christopher Dodd won’t release documents related to the $800,000 in cut-rate mortgages he got in 2003 from Countrywide Financial, once the nation’s largest mortgage lender. The primary cause of the collapse of the mortgage … Continue reading

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Who’s Britain’s Mortgage King?

From MoneyMarketing:   Tuesday saw Abbey kick off the results season with news that it had grabbed a massive 25.6 per cent share of the net lending mortgage market. Lloyds TSB took a 24.4 per cent share of new mortgages … Continue reading

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UK Mortgage Rates Rise Again

From the Times of London: Nationwide Building Society, the UK’s second largest mortgage lender, today signalled that the mortgage squeeze is far from over as it ramped up rates yet again by up to half a percentage point. It is … Continue reading

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Raising Mortgage Rates In Britain

Here’s a report: Halifax has become the latest lender to announce it is repricing its mortgage range. The group said it was cutting the cost of some of its deals, while raising the rates charged on two of its fixed-rate … Continue reading

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Bank Of America Acquires Countrywide

From bizjournals.com: Bank of America Corp. said David Sambol, chief operating officer at Countrywide Financial Corp., will retire after the two companies merge in the third quarter. Taking his place will be Barbara Desoer, who will move from her role … Continue reading

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Bank of America’s Mortgage Business

From the AP: David Sambol, currently Countrywide’s president and chief operating officer, was to lead the combined company’s consumer mortgage operations. Now, Sambol will retire after assisting Barbara Desoer, Bank of America (nyse: BAC – news – people )’s chief … Continue reading

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Behind the Housing Market Scare Stories

From the Independent of London: The stream of bad news coming out of the housing market has grown into a torrent in recent weeks, with stories of falling house prices, withdrawn mortgage rates and warnings about payment shocks. Halifax, the … Continue reading

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UK’s Mortgage Lending Halves

From the Guardian: Nationwide, Britain‘s largest building society and second-largest mortgage lender, yesterday reported a 40% fall in mortgage lending last year, in the latest sign of the credit crunch’s effect on housing. The retreat from mortgage lending is further … Continue reading

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