Uk Government Steps In To Take Control Of Stricken Northern Rock

IT IS the nationalisation Britain had to have, in a post-credit-crunch world. The Government became caretaker guardian of stricken mortgage lender Northern Rock on Sunday, after months of indecision over the bank's fate

Australia's biggest mortgage lender announces profit

Australia's biggest mortgage lender, the Commonwealth Bank of Australia Ltd (CBA) has announced a record first half profit of $2.371 billion

UK Mortgage Applications drop

UK figures provided by the Council of Mortgage Lenders show that homebuyers took out just 225,200 mortgages in the last three months of 2007.

Nab In $1bn Loans Deal

THE mortgage lender formerly known as RAMS will be able to make money again now that it has repaid the debt that caused it to go nearly bust earlier last year.

Commonwealth Abandons Low-rate Gambit

THE Commonwealth Bank, the nation's biggest mortgage lender, dealt a double blow to borrowers by adding its own sting to the Reserve Bank's interest rate rise.