CHARLOTTE – Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest. The choice to pay less was one of the options of Read More

CHARLOTTE, N.C. (AP) — Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest. The choice to pay less was one of the Read More

Angelo Mozilo will step down Tuesday as the head of Countrywide Financial Corp., the company he founded 39 years ago and built into the largest mortgage lender in the U.S. A victim of the mortgage meltdown, Countrywide is being acquired by Bank of Read More

THE Reserve Bank of Australia has decided today to leave interest rates on hold at 7.25 per cent, giving homeowners some relief on mortgage payments. After eight interest rate rises in three years, the central bank is hoping that slowing economic Read More

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