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02 February 2012 Mortgage

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Mortgage 02/02/2012

18:34 : Obama Plans Assistance for Rentals, Mortgage Refinancing - President Barack Obama announced a package of proposals to jolt the housing market, his latest effort to reignite the economy after four years of foreclosures and falling home prices.
Source : businessweek-com
16:03 : Citigroup Says Bank Will Exit Mortgage Brokerage Business - Citigroup Inc., the third-largest U.S. lender by assets, plans to stop using brokers to originate mortgages and probably will cut jobs as it exits the business while banks grapple with the fallout from the housing collapse.
Source : businessweek-com
00:30 : City rogue trader at Credit Suisse pleads guilty - A trader at the centre of the sub-prime mortgage securities scandal at Credit Suisse in London was unmasked yesterday as he pleaded guilty to falsifying the books in a New York court.
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