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Homeowners aren’t likely to face higher mortgage costs for at least the next month and some banks may even follow the Bank of Montreal in cutting new fixed-rate loans to compete for a dwindling number of buyers, specialists said.

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webmaster@technorati.com wrote an interesting post today on
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Under Dennis Mathisen, the Marshall organization became a lending giant, selling off loans to small banks around the country. Its fall was felt far and wide.

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Random Feed wrote an interesting post today on
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KUALA LUMPUR: There may be a new round of price war among banks for consumer loans, with the new mortgage rate going down to as low as base lending rate (BLR) -2.3%. The current BLR rate is 6.3%.

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webmaster@technorati.com wrote an interesting post today on
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Banks, large and small, have struggled amid the bust of the real estate market and the lingering recession. Could the worst be over? In affluent Lake Forest, Baytree National Bank & Trust Co., overshadowed by much bigger and well-known banks, was rescued from failure early this year by a white knight, actually a group of 15 foresighted investors.

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webmaster@technorati.com wrote an interesting post today on
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A former Beverly Hills home developer was sentenced Friday to 6½ years in prison and ordered to pay nearly $42 million in restitution for orchestrating a scheme that defrauded federally insured banks of tens of millions of dollars during the real estate boom of the late 1990s and early 2000s.

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