UK’s Pru seeks 10 percent price cut to save AIA deal: report (Reuters)

Reuters - Prudential investors will back the group's bid for AIG's Asian life insurance arm provided it can negotiate a 10 percent cut in the deal's $35.5 billion price tag, the Sunday Times reported.

U.S. Treasury says it has not considered any other AIA deal (Reuters)

Reuters - The future of Prudential's deal to buy AIG's Asian life insurance arm remained uncertain on Saturday, with the U.S. Treasury saying it has not considered any other deal than the existing contract on the table.

Barclays sells US mortgage collection operation (AP)

AP - Barclays Bank said Friday it would sell off its American mortgage collection operation for $1.3 billion in cash, exiting a business it acquired nearly four years ago before the mortgage market went bust.

UK’s Pru wants to pay less to save AIA deal (Reuters)

Reuters - Prudential has entered talks to cut its $35.5 billion offer for AIG's Asian life insurance arm, in a last-ditch bid to salvage a deal criticized by shareholders as too expensive.

Mortgage rates are back near record low (AP)

AP - Turmoil in the stock market and the European debt crisis are making life easier for American homebuyers and families looking to refinance: Mortgage rates are inching closer to a record low.

Summary Box: Fixed mortgage rates sink to 2010 low (AP)

AP - RATES DIP: Mortgage rates fell this week to the lowest level of the year as European turmoil caused investors to pour money into the safety of U.S. Treasury bonds.

Business Highlights (AP)

AP - Mortgage rates are back near record low

Mortgage rates are back near record low (AP)

AP - Turmoil in the stock market and the European debt crisis are making life easier for American homebuyers and families looking to refinance: Mortgage rates are inching closer to a record low.

Fannie Mae: Rate of late home loans eased in March (AP)

AP - Fannie Mae said Thursday the rate for single-family home loans behind in payments by at least 90 days dipped slightly between February and March. But the rate of serious delinquencies for mortgages on apartment buildings worsened.

Fixed mortgage rates sink to lowest point of year (AP)

AP - Mortgage rates dipped this week to the lowest point this year, Freddie Mac reported Thursday.

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