Finance news

Prime minister Gordon Brown said today banks have the responsibility of passing on Bank of England (BoE) rate cuts to the wider public.
‘Society and banks have a duty to take that (the BoE’s quarter point rate cut to 5.50 pct last month) into account,’ he told reporters.
For his part, Chancellor of the Exchequer Alistair Darling […]

Filed under: News, banks, finance, mortgage, uk by Finance Boss
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Utah Attorney General Mark Shurtleff and Francine A. Giani, Executive Director of the Department of Commerce, announced today that 1,770 Utah consumers will soon be getting refund checks from a national settlement agreement with Ameriquest Mortgage. “This has been a long battle to make sure Ameriquest borrowers get some restitution. The fight has been worth […]

Filed under: finance, homeowners, lenders, mortgage by Finance Boss
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The full effects of the credit crunch are now starting to be felt – and a result personal loans and mortgages are starting to be more difficult to secure.
This week two lenders, Hanley Economic Building Society and Eskimo Loans, withdrew their personal loans – meaning one in ten lenders have left the market after […]

Filed under: Loans, News, mortgage, uk by Finance Boss
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Citing rising mortgage delinquencies and tightening credit markets, Fieldstone Mortgage Co. has filed for Chapter 11 bankruptcy protection.
The Columbia company’s board of directors agreed to the move in a special meeting held Nov. 23, according to documents filed in U.S. Bankruptcy Court for the District of Maryland. Fieldstone said it has liabilities of more than […]

Filed under: Loans, News, debt, mortgage by Finance Boss
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