Bank mortgages

Bank mortgages

U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans. Data from the U.S. Office of Thrift Supervision released Wednesday show federally-insured savings and loan ...

US thrifts 2Q loss of $5.4B is second largest ever - BusinessWeek

New evidence that Northern Rock owns a poorer quality mortgage book than its peers has emerged just days after previously unseen documents revealed the Government was warned that the taxpayer could lose up to £1.28bn by nationalising the stricken ...

New fears over quality of Northern Rock mortgages - Daily Telegraph

NEW YORK (Reuters) - Global banks may have to write down up to $10 billion of auction-rate securities after buying them back from retail customers. Eight banks have agreed to buy back more than $55 billion of auction-rate securities from investors at ...

Auction-rate buybacks add to bank writedown worries - Reuters

ANZ will lower its fixed home loan rates and investment loans rates by between 30 basis points and 50 basis points. It is the second time this month ANZ has cut its fixed rates and comes as banks get some relief on the price they pay for their own ...

ANZ lowers fixed rate mortgages again - News.com.au

Fiserv, Inc. (NASDAQ:FISV), a leading provider of information technology services to the financial industry, announced today that Troy, Michigan based Flagstar Bank (NYSE:FBC), a $14.6 billion-asset federal savings bank, has begun to originate its ...

Flagstar Bank To Originate Electronic Notes Using Fiserv eLending ... - Forbes

DENVER , Aug. 27 /PRNewswire-USNewswire/ -- Henry Cisneros , former secretary of the US Department of Housing and Urban Development (HUD), declared today that the housing industry is in a "truly dangerous place" and that significant steps must be ...

Former HUD Secretary Cisneros Cites Housing Decline as Unprecedented ... - MSN MoneyCentral

WASHINGTON -- U.S. thrifts lost $5.4 billion in the second quarter and set aside a record amount to cover losses from bad mortgages and other loans, the U.S. Office of Thrift Supervision said Wednesday. The data show that federally insured savings ...

U.S. thrifts $5.4 billion in red - Seattle Post Intelligencer

TORONTO, Aug 26 (Reuters) - Bank of Nova Scotia's (BNS.TO: Quote , Profile , Research , Stock Buzz ) quarterly profit slipped 2 percent despite record results in its domestic unit, as provisions for credit losses climbed and capital markets revenue ...

UPDATE 1-Bank of Nova Scotia profit down 2 percent - Reuters

Moneysupermarket.com (MONY.L: Quote , Profile , Research ) has revealed that it is to pay half its after-tax profits in dividends, but warned the credit drought among bank lenders has hit its loans and mortgage channels. The price comparison website ...

PRESS DIGEST - British business - August 28 - Reuters UK

WASHINGTON (AP) — U.S. banking industry profits plunged 86% in the second quarter from a year earlier, and the number of troubled banks jumped to the highest level in about five years, as slumps in the housing and credit markets continued. The ...