Modifications urged in mortgage selling - 2004-03-13
Headline grabbing mortgage rates used for attracting new borrowers could soon be a thing of the past thanks to the recommendations of a new Government report.

Professor David Miles, of Imperial College, London, called for an end to the practice of lenders using their existing borrowers on standard variable rates to subsidise competitive deals to attract new customers.
Read the full story at icWales

Identity theft costs billions - 2004-03-13
Identity theft cost the nation's banks and retailers $50 billion in losses in 2003, Huntington Banks President and Chief Executive Officer Thomas Hoaglin revealed.

Hoaglin said that 1 percent of credit card accounts, bank accounts and mortgage applications were affected by fraud.

To protect yourself, Hoaglin said to be wary of unsolicited phone calls or Internet messages asking for personal information.
Read the full story at Charleston Daily Mail