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State probes Fossil Butte Drive mortgage-fraud allegations  Belinda Gardner thought it was too good to be true when a mortgage broker offered to pay her $20,000 if she would buy a new house on Fossil Butte Drive in northeast Colorado Springs and promise to live in it, even though she had no intention of moving.

Real Estate: Mortgage rates are lower, but getting a home loan is no easier  The government takeover of mortgage giants Fannie Mae and Freddie Mac has pushed mortgage rates lower, a boon for some home buyers and homeowners seeking to refinance, but it is not automatically going to make home loans easier to obtain.

Loan firm leaders say credit crisis worst to come  The leaders of an Oklahoma City company that markets huge portfolios of bank loans saw the subprime mortgage crisis coming. And now they perceive more misery. How bad is the current credit crisis going to get? "You don't want to know,” said Bliss Morris, chief executive officer of First Financial Network. "It's a tidal wave.” First Financial Network, based in Oklahoma City, is the nation's ...

Mortgage crisis still squeezing WaMu  Washington Mutual says it will take another multibillion write-down for bad bets on mortgage securities but insists it has adequate capital to fund its operations amid concern about the thrift's financial stability.

Mortgage Company Employee May Have Sold Names  Families across the country are receiving letters saying someone from their mortgage company may have sold their personal information.

Mortgages qualify for KiwiSaver mortgage diversion  Amendments to the mortgage diversion regulations signed by Order in Council today allow more types of mortgages to qualify for the mortgage diversion facility, Finance Minister Michael Cullen and Revenue Minister Peter Dunne said today.

Stocks rally on plan for mortgage giants  NEW YORK — Stocks rallied Monday as investors placed bets that a recovery in the financial and housing sectors is more likely to occur following the U.S. government’s move to bail out mortgage giants Fannie Mae and Freddie Mac. The Dow Jones industrials gained nearly 300 points.

North Carolina banishes mortgage firm  RALEIGH – State regulators have suspended the license of a mortgage brokerage that they say didn’t reveal prior regulatory actions against it in at least three other states.

Mortgage lenders hang on as housing market bottoms  M&T Bank Corp.’s David Skaff is sure his bank lost mortgage business over the past few years to competitors that were making some of the market’s most aggressive loans.

Chatzky: Raiding the 401(k) is an unwise move  With people behind on mortgage payments and credit card bills, and short on cash for basics like gas and food, some are taking desperate measures. Raiding your 401k, or 403b, is one way to get quick cash, but in most situations it is a bad idea.

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