The Royal Bank of Scotland Group and NatWest said they have promised to give newly delinquent borrowers a six-month grace period before instituting foreclosure proceedings until at least the end of 2009. RBS and NatWest said they also have made a "further commitment" to give customers "the opportunity to seek advice from independent money advice organizations before any steps [are] taken." The Royal Bank of Scotland can be found online at http://www.rbs.com.
A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
