For the second week in a row mortgage rates have fallen. For those that don’t read my updates regularly I wanted to give a short background on what rates have been doing. From the end of April to the beginning of June 30 year mortgage rates hovered around 6 percent. Then during […]
As the use of the Internet continues to expand, more banks and thrifts are using the convenience and ease of the Web to offer products and services, as well as enhance communication with customers. According to the Federal Deposit Insurance Corporation (FDIC), the Internet offers the potential for safe, convenient ways to shop for financial […]
Washington Mutual (Wamu) Bank is a business that goes by the old adage, “If you’re not growing, you’re dying.” Wamu has a very long history coming into modern times of mergers, buy outs, and the type of expansion that have kept them a growing and thriving business through both good and bad economic times. […]
The Bend Bulletin reported Sunday that the Bend Oregon real estate market is not doing well. There were 788 notices of default filed in Deschutes County for the first six months of 2008.
A notice of default occurs when the mortgage lender files a notice of foreclosure. Lenders generally file notices after a borrower […]
Washington Mutual Bank, better known as WaMu, is one of the largest banks in the United States. Originally based in the Washington state area, WaMu has since expanded to be a national company that even has its stock actively traded on the American stock market. One of the aspects of this history that […]
The problems besetting Bradford and Bingley started on 14 April 2008 when it denied reports that it intended to raise funds through a rights issue of new shares and sought to reassure depositors, shareholders and the market that it had a strong capital and liquidity base.
On 22 April, Mr Stephen Crawshaw, the Chief Executive, stated […]
In recent times, the status of our economy has really been questioned. From the weakening of the American dollar to an increasing amount of debt, the countries current financial crisis has continued to dwell and even breed. Now, in recent weeks, concerns are being rose up about the status of our banks. From local institutions […]
Hard times are on the way as evidenced by the collapse of IndyMac. In what will probably turn out to be the most expensive bank failure ever, troubled mortgage lender IndyMac Bank was taken over by federal regulators on Friday, July 11, 2008.
All operations of the Pasadena, Calif.-based bank, once one of America’s largest home […]
Access to information and entertainment, credit and financial services, and products from every corner of the world is greater than earlier generations could ever have imagined. Thanks to the Internet, consumers may order products, download games and music, or conduct online banking 24 hours a day.
However, the flip side is that the Internet also […]
After rising drastically last week fixed mortgage interest rates moved up slightly this week. 30 Year notes moved from 6.42 to 6.45 and 15 Year notes moved from 6.02 to 6.04. ARMS on the other hand rose a decent amount. 5 Year Arms rose from 5.89 to 5.99 while 1 Year Arms rose […]
