Mortgage / Interest Rates
Customer Satisfaction Ranks Released on Banking Institutions
Tuesday, October 21st, 2008J.D. Power and Associates released a report yesterday outlining the 2008 Primary Mortgage Origination Satisfaction Study and the study finds that consumers are more satisfied this year over last year. Among the top lending institutions were SunTrust Mortgage Corporation, National City Mortgage, Wachovia, Wells Fargo, Bank of America, WaMu/Washington Mutual, CityMortgage/Citibank, GMAC Mortgage, Chase and […]
Global Interest Rate Cut
Thursday, October 9th, 2008In an effort to divert a global economic meltdown, major banks across the world have synchronized in slashing interest rates .
Tony Fratto, a White House spokesman said, “It’s important and helpful that central banks are working in a coordinated way to deal with stress in the financial system.”
The Fed cut it’s rate from 2% to […]
Bank of America To Help Homeowners
Monday, October 6th, 2008For those of you who didn’t know, Countrywide Financial Corporation was acquired by Bank of America back in June. At the same time the lending giant was being “bought out,” a lawsuit was being filed by Illinois and California stating the bank had used deceptive mortgage practices, which lead to an enormous amount of failing […]