CHICAGO — U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit card obligations. But an alarming trend is emerging: A small but growing number of people are skipping mortgage payments in ...
Northern Rock is to pay £16bn in bonuses but the chief executive is to waive his. Photograph: Luke Macgregor/Reuters More than 22,500 Northern Rock customers – over 4% - have missed monthy mortgage payments, the nationalised mortgage lender admitted today as it reported a sharp fall in losses for
Commercial and multifamily mortgages continue to have the lowest rates of charge-offs of any loan types at banks and thrifts and perform better than the overall loan portfolios at those institutions according to the Mortgage Bankers Association (MBA ...
LAS VEGAS (AP) -- Casino operator MGM Mirage says it will sell $845 million in new bonds due in 2020, looking to build a healthier balance sheet amid a gambling industry slump. MGM Mirage, the world's second biggest casino operator, is seeing ...
Home building moved into a higher gear in Metro Vancouver last month as the number of houses started surged to 1,402 units, twice the number posted a year earlier, Canada Mortgage and Housing Corp. said Monday. Starts in the first two months of the ...
subprime-mortgage market and Lehman’s bankruptcy, prompting investors to exit equities. Stocks worldwide have risen from their post-Lehman lows a year ago, boosted by efforts such as China’s 4 trillion yuan ($586 billion) in spending to stimulate ...
ALL SIGNS MOON ALERT: We have the "all clear" today to shop (whether you spend $10 or $10 million) and make important decisions until 3:45 p.m. today. The moon is in Capricorn. ARIES (March 21-April 19): Beginning today, you're entering a three-to ...
The guide, "Every Cent Counts -- for Senior Citizens," offers information about credit and debt problems, difficulty paying a mortgage and how to combat identity theft. Get it at IllinoisAttorneyGeneral.gov or by calling (800) 386-5438 to request a ...
On January 1, the strongest part of the bank – including the savings account business – was hived off from the bulk of its troublesome residential mortgage lending operation. The healthier part is still known as Northern Rock while the rump has ...
PITTSBURGH -- A Pittsburgh-area woman is suing Bank of America, claiming it wrongfully repossessed her home and saying that a bank contractor trashed the house and took her parrot. Forty-six-year-old Angela Iannelli sued Bank of America in Allegheny ...