Gilts Gain as Mortgage Approvals Fall to Lowest Level in Decade Aug. 26 -- U.K. government notes rose, pushing the 10-year yield to the lowest level in more than four months, as an industry report showed mortgage approvals held near the weakest level in a decade.
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. ...
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.
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.
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.
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
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.
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 Downgrades 2 Classes of JP Morgan Commercial Mortgage 2003-PM1 Fitch Ratings has downgraded two classes of JP Morgan Commercial Mortgage Securities Corp. pass-through certificates, series 2003-PM1 as follows:
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:
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:
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.
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