Freddie, Fannie Mortgage Portfolio Growth Rate Slows (Update1) Aug. 26 -- Freddie Mac and Fannie Mae bought home loans and mortgage securities at a slower pace last month as a combined $14.9 billion in net losses in the past four quarters depleted their capital.
Thornburg Mortgage 2nd-quarter profit jumps Troubled mortgage lender Thornburg Mortgage Inc. said late Monday that its profit increased by more than five times in the second quarter, due to big one-time gains from the sale of assets and decreases in the fair value of certain items.
FBI foresaw mortgage sector mess Agency did little as resources went to fight terrorism WASHINGTON — Long before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling if little-noticed prediction: The mortgage business, fueled by low interest rates and soaring home values, was starting to attract shady operators, and billions of dollars in losses were possible. ...
Mortgage approvals fall again BANKS yesterday warned that the housing market was still far from recovery as they revealed another set of near-record low mortgage figures.
Gilts Gain as Mortgage Approvals Fall to Lowest Level in Decade Aug. 26 -- Two-year U.K. government notes rose by the most in almost two months as an industry report showed mortgage approvals held near the weakest level in a decade.
UK mortgage lending at record lows Mortgage lending remained at record lows last month, with Britain's beleagured housing market showing little signs of any recovery.
Charges laid in $50 million mortgage scam Charges have been laid in a multi-million dollar mortgage scam that hit over 100 innocent homeowners in the Vancouver area before 2002. Police arrested former real estate developer Tarsem Gill and former ...
Mortgage Clinic: Should I buy now or wait for the stamp duty suspension? 'I've made an offer on a house, but friends say that if the Government offers a temporary respite on stamp duty, I could save nearly £11,000 and take out a smaller mortgage. Is it too much of gamble?' TM, Milton Keynes, by email
S&P Downgrades Mortgage Insurers Old Republic, PMI, Radian S&P Downgrades Mortgage Insurers Old Republic, PMI, Radian
Florida tops 1Q mortgage fraud list Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to industry data released Monday.
Lehman May Start Company To Buy Mortgage Assets: Report Lehman May Start Company To Buy Mortgage Assets: Report
FORT LAUDERDALE: Man guilty in mortgage fraud A Lauderhill man was sentenced to two years in prison on Monday after pleading guilty to charges that link him to a vast mortgage fraud scheme. The scheme involved more than 30 Broward County properties bought using fake ID's and $10 million in mortgage loans.
FBI saw threat of mortgage crisis A top official warned of widening loan fraud in 2004, but the agency focused its resources elsewhere. Long before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling, if little-noticed, prediction: The booming mortgage business, fueled by low interest rates and soaring home values, was starting to attract shady operators and billions in losses ...
Thornburg Mortgage Profit Climbs, Makes Margin Calls Thornburg Mortgage Profit Climbs, Makes Margin Calls
Fitch Affirms Wachovia Bank Commercial Mortgage Trust, 2005-C17 Fitch Ratings affirms Wachovia Bank Commercial Mortgage Trust, series 2005-C17 commercial mortgage pass-through certificates as follows:
Fitch Affirms TIAA Seasoned Commercial Mortgage Trust 2007-C4 Fitch affirms TIAA Seasoned Commercial Mortgage Pass-Through Certificates, Series 2007-C4 as follows:
Erie man admits role in mortgage scam ERIE, Pa. -- An Erie businessman has admitted participating in a low-income mortgage scam that federal prosecutors say defrauded victims out of more than $1 million
Florida, California lead in mortgage fraud Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida and California reporting the highest number of cases, according to industry data released Monday. Properties in the Sunshine State accounted for nearly a quarter of all mortgage...
Fitch Upgrades 5 classes of GS Mortgage Securities Corp. II Series 2004-C1 Fitch Ratings has upgraded five classes of GS Mortgage Securities Corp. II Series 2004-C1 as follows:
Valley mortgage broker warns about feds' new loan plan The rescue plan in the recently-passed federal housing bill may not be all it's cracked up to be. While many troubled homeowners think the new government loan program in the housing bill is going to save them, Valley mortgage broker Dean Wegner warns it has some serious strings attached.
Hunter: Mortgage fraud victim or suspect? A Waterford Township man says veteran Detroit Pistons guard Lindsey Hunter was a key figure in a mortgage fraud that left him broke, ruined his credit rating and wrecked his marriage.
Mortgage approvals hold near record low in July LONDON Reuters - Mortgage approvals for house purchases remained near a record low in July and the British Bankers' Association said there was no sign yet of a property market recovery.
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