Banking & Finance

Mortgage rates fall to record low again

Rates on 30-year mortgages fell to a record level for a fourth straight week, dropping to...

Steve Habetz, president, Threshold Mortgage Co., Westport | 2009 outlook for low-rate financing is strong

Mortgage giant Freddie Mac reported at the end of December that mortgage rates had fallen to the...

UK interest rates cut to lowest since 1694

The Bank of England today cut interest rates to the lowest level in its 315-year history,...

Mortgage giants extend suspensions of foreclosures

Mortgage giants Fannie Mae and Freddie Mac said today they will extend the suspension of foreclosure...

Citi reaches deal with lawmakers on home loans

A trio of Democratic senators, including Connecticut Sen. Chris Dodd, say they have reached a deal with...

Obama warns of dire consequences without stimulus

President-elect Barack Obama urged dubious lawmakers today to work with him "day and night, on weekends...

Bank of America sells shares in Chinese bank

Bank of America Corp., Connecticut's dominant out-of-state bank, raised more money today to cope with U.S. economic...

Analysts sees improvement for non-life insurers in 4Q

Non-life insurance firms, including several with operations in Hartford, could see improvement in fourth-quarter results because of...

GE exiting Australia mortgage business

Fairfield-based General Electric Co. said today it is selling its portfolio of Australian mortgages and leaving the...

CBT gets $5.4M in bailout funds

The Connecticut Bank and Trust Co. has received $5.4 million in new capital through the U.S....

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