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Finance

College officials owned stock in lenders (AP)

AP - In an April 5 story about a probe into the student loan industry, The Associated Press reported erroneously that New York Attorney General Andrew Cuomo is investigating Citibank. Citibank already agreed to put $2 million toward a national fund that would educate students and parents about the financial aid industry and is no longer under investigation.
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American Home Mortgage sees lower Q1 profit (Reuters)

Reuters - American Home Mortgage Investment Corp. said it expects lower income in the first quarter and full year 2007 than previously forecast due to conditions in the secondary mortgage and mortgage-backed securities markets.
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Correction: Student-Loan-Probe story (AP)

AP - In an April 5 story about a probe into the student loan industry, The Associated Press reported erroneously that New York Attorney General Andrew Cuomo is investigating Citibank. Citibank already agreed to put $2 million toward a national fund that would educate students and parents about the financial aid industry and is no longer under investigation.
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Correction: Mutual fund story (AP)

AP - In an April 3 story about mutual funds, The Associated Press reported erroneously that Charles Schwab & Co. had 16 mutual funds that refund some management fees to dissatisfied customers.
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Mortgage rates creep up this week (AP)

AP - Mortgage rates around the country crept up this week, although rates on 30-year mortgages still hovered close to their low for the year.
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