Mizuho Profit Drops by 50% as Subprime Losses Swell (Update2) (Bloomberg.com)
April 11 (Bloomberg) — Mizuho Financial Group Inc. , Japan’s second-largest bank by revenue, said full-year profit tumbled 50 percent because of mortgage losses at its securities arm.
Q1 Mortgage Filings Plunge 30 Percent - Memphis Daily News
Q1 Mortgage Filings Plunge 30 PercentMemphis Daily News, USA - 57 minutes agoFirst Tennessee Bank NA and First Horizon Home Loans doing business as First Tennessee Bank combined to be the second-highest lender at the time of purchase …Coffee Break: 'American Idol' uses its Give Back program to assist … commercialappeal.com (subscription)all 2 news articles
Nationwide raises mortgage rates again (Reuters.co.uk)
LONDON (Reuters) - Nationwide, the country’s second-largest mortgage lender, is set to increase its fixed lending rates for new customers for the second time in two weeks, as it faces rising costs and heightened demand.
Mizuho Financial Group cuts earnings forecast on subprime mortgage losses (International Herald Tribune)
Japan’s No. 2 bank cut the estimate for the third time for the year that just ended, hurt by $3.9 billion in subprime mortgage-related losses at its brokerage unit.