Topic: Mortgage Banking and Services

Nationalized UK bank Northern Rock back in profit

Nationalized UK lender Northern Rock says it returned to profit in second half of 2009Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell. Northern Rock said it posted a profit of 466 ...
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Shares of bailed out companies surge

Bailed out companies see shares rise on hopes that government rescues could be winding downShares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. raised hopes that other bailed-out companies would follow. Shares ...
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Bailed-out U.S. financial stocks surge

NEW YORK (Reuters) - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery. Citigroup Inc <C.N> stock rose as much as 8.4 percent after a prominent ...
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AIG Subsidiaries Resolve Allegations of Lending Discrimination

Lenders accountable for higher broker fees charged to minority borrowersTwo subsidiaries of American International Group (AIG) Inc. have agreed to pay a minimum of $6.1 million to resolve charges that they engaged in a pattern or practice of discrimination against black borrowers. Brought under the federal Fair Housing and ...
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