Mortgage news

News, trends and analysis of the mortgage and credit market

Saturday, October 11, 2008

Two more banks collapse

Oct 10, 2008
Main Street Bank of Northville, Michigan and Meridian Bank of Eldred, Illinois became the latest victims of the ongoing financial crisis as their deposits were transferred respectively by the Federal Deposit Insurance Corp to Monroe Bank & Trust and National Bank yesterday October 10, 2008.

Mortgage Rates Increase Sharply

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