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Pricing mortgage-backed securities will be tough
Some things are easy to price. Others, not so much. And that's the $700 billion problem facing the U.S. Treasury: how to value vast amounts of mortgage-backed securities that no one wants to buy.
McCain's manager got thousands from mortgage giant: report
The lobbying firm owned by John McCain's campaign manager, Rick Davis, accepted half a million dollars from stricken mortgage giant Freddie Mac, reports said Wednesday.
Chevy Chase Bank scores victory in predatory mortgage lending case
A Maryland bank scored a major victory in a mortgage lending case Wednesday when a federal appellate court rejected class-action status for a Cedarburg couple’s suit against Chevy Chase Bank.
Seffner Man Accused In Mortgage Fraud Scheme
TAMPA A Seffner man was arrested today in connection to a multimillion-dollar mortgage fraud scheme that victimized dozens of people since 2004, the Florida Department of Law Enforcement said.
Standard Chartered to Enter Abu Dhabi Mortgage Market
dubai — Standard Chartered Bank has signed an agreement with Abu Dhabi’s Aldar Properties to offer complete mortgage solutions for their property development in Abu Dhabi.
Granite Mortgage offices to stay in Winston-Salem
GRANITE FALLS -- Bank of Granite Corp. said yesterday that it has no plans to move its Granite Mortgage headquarters from Winston-Salem as part of a consolidation announced Tuesday.
Monthly Mortgage Prepayments Can Bring Big Savings, Faster Payoff
I took a short-term job with a substantial increase in pay and would like to apply the extra money to my mortgage. Is it better to pay an extra amount each month, or should I hold onto the cash and pay a large lump sum each year?
Tough Talk on Countrywide Mortgage Suits
Six plaintiffs, including California Attorney General Jerry Brown, will ask a federal panel on Thursday to keep their individual lawsuits against Countrywide Financial Corp. untangled and out of a single federal court. Lawyers for Brown, the state of Illinois, the city of San Diego and plaintiffs in three private class actions say their claims against the troubled mortgage lender would be better ...
U.S. MBA's Mortgage Applications Index Dropped 11% Last Week
Sept. 24 -- Mortgage applications in the U.S. fell last week as higher borrowing costs and tougher lending rules hurt purchases and refinancing.
Va. Man Pleads Guilty in Mortgage Fraud Case
An Annandale man pleaded guilty yesterday to helping orchestrate a mortgage fraud scheme that used "straw buyers" to sell property across Northern Virginia, defrauding banks and commercial lenders of more than $2.5 million, prosecutors said.
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