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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.

Stock market chaos will cause mortgage bills 'to rise hundreds of pounds a year'  Mortgage bills could rise by hundreds of pounds a year as lenders respond to the chaos. One specialist lender, First National, yesterday raised the cost of new mortgages by as much as 1.6 percentage points - adding ��166 a month to the cost of a typical ��150,000 loan.

Delray Beach mortgage agent guilty of fraud  A Delray Beach mortgage broker pleaded guilty Friday to participating in a wire fraud scheme to misappropriate more than $1.2 million in client funds supposedly held in escrow for real estate transactions and related expenses.

Va. man sentenced in mortgage fraud scheme   A mortgage broker from Norfolk has been sentenced to four years in federal prison in a mortgage fraud case involving a home in northern Virginia.

Suit claims online mortgage exchange firm violating S.C. law  One of the Upstate's chief prosecutors has filed a civil lawsuit against LendingTree, accusing the online mortgage exchange business of violating South Carolina law by not disclosing fees that it charges lenders and telling customers that it isn't a mortgage broker.

Va. man sentenced in mortgage fraud scheme   Associated Press - September 19, 2008 1:33 PM ET ALEXANDRIA, Va. - A mortgage broker from Norfolk has been sentenced to four years in federal prison in a mortgage fraud case involving a...

Mortgage rates fall for fifth straight week  Rates on 30-year mortgages dropped sharply again last week, falling to the lowest level in seven months, as rates continue to decline after the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac. Freddie Mac reported that its...

Mortgage bills could rise by hundreds of poundsin wake of banking meltdown  Mortgage bills could rise by hundreds of pounds a year as lenders respond to the chaos. One specialist lender, First National, yesterday raised the cost of new mortgages by as much as 1.6 per cent.

Treasury Seeks Authority to Buy $700 Billon in Mortgage Assets   Sept. 20 -- The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets.

Hawaii��s largest banks raise mortgage rates  Mortgage rates at Hawaii��s largest banks nudged upward this week after last week��s plunge following the federal government��s takeover of mortgage giants Fannie Mae and Freddie Mac. Bank of Hawaii raised its rate for a 30-year fixed-rate mortgage to 5.625 percent with 1.875 points, up from 5.375 percent and 1.75 points last week, according to data provided by the Honolulu Board of Realtors. ...