Freddie, Fannie Mortgage Portfolio Growth Slows After Losses Aug. 26 -- Freddie Mac and Fannie Mae slowed the pace of purchases of home loans and mortgage bonds last month as losses sparked concern the mortgage-finance providers may not weather the housing slump.
Carter sues mortgage lender Countrywide Indiana Attorney General Steve Carter was in Fort Wayne on Monday to announce he has sued the country's largest mortgage lender, Countrywide Home Loans, and its parent company, Countrywide Financial Corp. Carter alleges that Countrywide used deceptive and misleading practices that led to borrowers obtaining potentially risky and costly loans.
UK mortgage lending 'levels off' Mortgage lending by major banks flattened out in July but the amount borrowed for day-to-day spending slowed, figures show.
U.K. July Mortgage Approvals Hold Close to Decade Low (Update1) Aug. 26 -- U.K. mortgage approvals held close to the lowest in at least 11 years in July as property values slumped, a report by the British Bankers' Association showed.
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.
UK homebuilder Bovis 1H profit plunges 83 percent, after banks cut mortgage lending LONDON - British homebuilder Bovis Homes Group PLC said Tuesday that its profit for the first half of the year plunged by 83 percent as banks reined in mortgage lending amid the credit crunch.
Mortgage fraud soars in first quarter, report says Reported incidents of mortgage fraud in the United States jumped 42% in the first quarter of 2008 from a year earlier, with Florida reporting the highest number of cases, according to industry data released Monday.
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 ...
Freddie Mac Mortgage Portfolio Up Annualized 4.2% In July Freddie Mac Mortgage Portfolio Up Annualized 4.2% In July
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
Fitch Assigns Distressed Recovery Rating to Merrill Lynch Mortgage Trust, Series 2006-C1 Fitch has assigned a Distressed Recovery DR rating to Merrill Lynch Mortgage Trust, series 2006-C1 commercial mortgage pass-through certificates as follows:
Carter sues mortgage lender :Indiana attorney general alleges Countrywide was deceptive. INDIANAPOLIS -- Indiana Attorney General Steve Carter has filed a lawsuit against the country's largest mortgage lender, Countrywide Home Loans Inc., and its parent company, Countrywide Financial Corp.
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.
4 years ago, FBI saw mortgage crisis coming Long before the mortgage crisis, a top FBI official made a chilling if little-noticed prediction: The mortgage business was starting to attract shady operators, and billions in losses were possible.
Mortgage approval rate is at a standstill Shattered confidence in the housing market shows no signs of recovery, gloomy mortgage figures revealed today. The number of home loans approved for buying houses and flats was virtually unchanged last month from June - but almost two thirds down on a year ago.
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.
Breakdown of July mortgage lending The number of mortgage approvals for house purchase rose slightly in July from a record low in the previous month but were still 65 percent on the year, figures from the British Bankers' Association said on Tuesday.
Mortgage fraud is on the rise, data show Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to new industry data.
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