Finance & Mortgage

Bank of America CEO Moynihan Must Testify in MBIA Lawsuit : Judge

A New York judge has ruled that Bank of America CEOBrian Moynihan must testify in a lawsuit brought by bond insurer MBIA Inc. which claims the bank fraudulently induced it to insure risky mortgage-backed securities.

Australia's ANZ Bank Raises Mortgage Rates

Australia and New Zealand Banking Group, Australia's fourth-largest bank, said on Friday it has raised mortgage rates, citing continued pressures on wholesale funding and cost of deposits.

Strongest First Quarter For UK Mortgage Market

The UK mortgage market saw its strongest start to a year since 2008, according to the latest Housing Market Activity Report by Connells Survey and Valuation published today.
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