The Bank of Scotland (BoS) says it is still in talks with mortgage bank Abbey National about a merger.
Karatzas bought a mortgage bank and started cross-selling mutual funds and insurance.
Really it was a mortgage bank: their main lending business was mortgages.
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Several American banks have tried to do the same by giving bonuses to tellers who refer customers to the affiliated mortgage bank or mutual-fund firm.
Abbey's new strategy is to turn its back on diversification to sell the junk bonds, train- and aircraft-leasing businesses and so on and shrink to its origins as a boring old British mortgage bank.
Earlier this week the former head of the HBOS mortgage bank, Sir James Crosby, recommended that the government take direct action to stimulate the flow of mortgage funds to the UK banking industry.
Countrywide, the second-biggest mortgage bank, is even treading on WaMu's toes: as part of its plan to triple its sales force by 2008, it plans to open perhaps a dozen new offices in Washington state.
Mr Kiguel joins the government from his present job as head of mortgage bank Banco Hipotecario, has close ties to foreign banks and international lenders and is known to favour Argentina adopting the dollar as the country's sole currency.
What it won't get back, says the NAO, is enough to compensate the public sector either for the risks it ran in saving the troubled mortgage bank or for locking up its money in loans to the Rock for many years.
However, these branches deliver just 9% of Lloyds' profit - largely because what's being sold is in effect a low-margin mortgage bank, without the benefit of all the other higher margin loans and products that Lloyds also sells its millions of customers.
Customers can avoid the fees by maintaining minimum balances, using a credit card or taking a mortgage with Bank of America.
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The product of a merger of five mortgage-bank subsidiaries, it has done well despite the dire state of the German market, largely because much of its portfolio is foreign.
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On Wednesday, Bank of England governor Mervyn King told MPs that bank mortgage rates were still roughly the same as they were last August, even though the Bank has cut its own interest rates to 5.25% from 5.75% since then.
Tammany Parish mortgage records before the Keens granted Chase Bank a mortgage over the subject property.
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He has denied misleading state deputies over the loan which was later replaced with a bank mortgage.
The main problem is a narrowing spread between home mortgage rates the bank collects and deposit rates it pays.
The mortgage business of Bank of America generates revenues from selling various types of mortgages and loans to customers.
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About 13, 500 mortgage borrowers with Bank of Ireland and Bristol and West will see the cost of their home loan rise.
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They've defaulted on their mortgage and the bank decided to get what it could out of the property instead of foreclosing.
Many of the closings are taking place in states that were the hardest hit by the mortgage meltdown and bank failures that followed.
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When a person defaults on a mortgage, the bank hires a company such as Safeguard to go to the home and seal it up.
It has opened a for-profit bank mortgage office to write loans and expand the availability of credit, especially for mortgages in affordable housing developments.
The government alleges a criminal enterprise engaged in an extensive pattern of racketeering activities, consisting of investment fraud, mortgage fraud, bank fraud, money laundering, and distribution of illegal drugs.
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Dick and Jane Nutt thought they were onto a good thing when they took out a shared apprieciation mortgage with the Bank of Scotland in 1997, because there was no monthly cost involved.
At the same time, financial institutions including big banks with exposure to the mortgage business like Bank of America, JPMorgan Chase, and Citigroup are sitting on a shadow inventory of 1.5 million units, or four months supply.
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Major mortgage originators like Bank of America and Citigroup are still sitting on substantial stocks of depressed homes, while regulators are upping the heat on those involved in the subprime mess during the glory years, limiting credit availability.
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The 14 mortgage servicers including Bank of America, Citibank, HSBC, JPMorgan Chase, MetLife Bank, PNC, U.S. Bank, and Wells Fargo have not admitted or denied wrongdoing and are not being hit with monetary penalties.
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The Office of the Comptroller of the Currency, the Federal Reserve and the Office of Thrift Supervision announced today a settlement with the 14 largest U.S. mortgage servicers including Bank of America, Citibank, HSBC, JPMorgan Chase, MetLife Bank, PNC, U.S. Bank, and Wells Fargo.
The Office of the Comptroller of the Currency, the Federal Reserve and the Office of Thrift Supervision announced a separate settlement with 14 mortgage servicers including Bank of America, Citigoup, HSBC, JPMorgan Chase, MetLife Bank, PNC, U.S. Bank, and Wells Fargo that was little more than a slap on the wrist.
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The bank continues to wind down Citi Holdings, the entity created after the mortgage collapse where the bank has isolated its toxic assets.
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