American Home Mortgage Northern Rock's woes deepened today after an independent financing unit of the stricken mortgage lender asked for ... (eFinancial News)
Northern Rock's woes deepened today after an financing unit of the stricken mortgage lender asked for guarantees against trading obligations for the first time, forcing the bank to seek further assurances from the UK Treasury. Generally, the lower the interest rate, the more points the lending institution will charge.
