Jp Morgan Chase and Company’s chief executive officer told investors and analysts this week that the subprime sector will continue to have problems. He said the company has sold off most of its subprime loans. He also said the company is still selling $4.5 billion of subprime loans.
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State Bank of Long Island has paid $65 million to settle a lawsuit with a warehouse lender. The lawsuit was filed by Hsa Residential mortgage Services of Texas. Hsa alleged State Bank aided a now defunct mortgage banker in a Ponzi scheme.
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Consumers have failed to pay over one million bills in January as the extravagant spending over Christmas hit home
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Terrorist attacks, a flu pandemic and spiralling debts are the three main risks facing UK firms and consumers the Financial Services Authority warned today
Original post by MortgageDaily.com - Mortgage News Headlines
17.00:Anglo-Swedish giant AstraZeneca has high hopes for sales of at least two of its best-selling drugs in the US, but some in the City who reckon it has set its sights too high
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Residential loan volume was $5.1 billion during the fourth quarter, Flagstar Bancorp Inc. announced. Originations rose from the previous quarter, the report said. But fundings were lower than the fourth quarter 2005, according to the data.
Original post by MortgageDaily.com - Mortgage News Headlines
Countrywide Financial’s co-founder and Ceo talked to analysts in an earnings conference call reviewed by mortgagedaily.com. He said subprime lenders are operating in a challenging environment. “We’ve got another eight, nine, 10, 12 months of headwinds,” he told the analysts.
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Scottish & Southern Energy (SSE) today signalled its intention to cut prices for the first time in six years
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BA was today accused of gross insensitivity after it was revealed that the airline is planning to offer senior directors unlimited free first-class travel worldwide
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New figures show the number of families suffering the misery of mortgage repossession and the threat of homelessness has risen sharply
Original post by MortgageDaily.com - Mortgage News Headlines