mortgage lender

Ireland's major mortgage provider, Irish Life & Permanent PLC, slashed its profit forecast Wednesday chiefly because of lost investments in the nationalized banks of Iceland.

Britain' Press Association says Spanish banking giant Santander is taking over British mortgage lender Bradford & Bingley's retail deposits and branch network.

The ailing mortgage lender Bradford & Bingley, whose shares have plummeted more than 90 percent, is set to be nationalized, according to banking officials.

The British mortgage lender HBOS said that it was in talks to be acquired by Lloyds after shares of HBOS collapsed this month on concerns that it might fail.

Embattled British mortgage lender HBOS PLC has confirmed that it is in advanced talks about being taken over Lloyds TSB PLC.

Private analysts worry the government bailout of Fannie Mae and Freddie Mac will not be enough to stabilize the slumping housing market.

The Nationwide Building Society, a British mortgage lender, said Monday it is taking over two smaller rivals.

A federal judge rejected a settlement involving the mortgage lender, saying he was not convinced it was fair to borrowers who said they were hurt by the company.

As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year.

But after a large mortgage lender in California collapsed late Friday, Wall Street analysts began posing two crucial questions: Just how many banks might falter?

And which one could be next?

Mortgage lender IndyMac Bancorp Inc., struggling to raise capital to stay in business, said Monday it has stopped accepting new loan submissions in its main mortgage lending divisions and plans to slash 3,800 jobs, or more than half of its work force.