Mortgage lending: tight for some
Wednesday, March 16th, 2011Today’s figures from the Bank of England show that mortgage lending is still very depressed. In March net mortgage lending, at a mere £318m, was actually lower than unsecured lending (£325m). This is only the fourth month this has happened since records began in 1993. In 2006-07, mortgage lending averaged £9.13bn a month, eight times [...]
AIG swings to a first-quarter profit
Wednesday, March 16th, 2011Firm’s mortgage insurance business posts first profit in three years
A Surprise Tax Hit on Foreclosures
Wednesday, March 16th, 2011For People Who Lose or Walk Away From Their Homes, A Big Tax Bill May Loom.
Reports show declines in mortgage defaults
Wednesday, March 16th, 2011Is the tide of home-loan defaults finally beginning to recede?
Morgan Stanley shares drop on reported probe
Wednesday, March 16th, 2011NEW YORK — Morgan Stanley shares dropped Wednesday following a report that the investment bank is facing an investigation into mortgage derivative deals.
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