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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 ...

Mortgage applications drop in week  The volume of applications for U.S. mortgages decreased last week, falling by a seasonally adjusted 10.6 percent, an industry group said.The Market Composite Index, which measures mortgage loan application volume, fell from 661.7 to 591.4 in the week ending Sept. 19, the Mortgage Bankers Association said in a release Wednesday.The Refinance Index also decreased, down 11.2 percent to 2,043.4, the ...

TEAM Nation Issues Report on Mortgage Backed Securities Acquisition Fund  OTCBB: TEMN The management group of TEAM Nation Investment Group, LLC, a joint venture between TEAM Nation Holding Corporation, a California corporation "TEAM-CA", and A.B.S.I.G., LLC, have been investing in the acquisition of distressed RMBS Real Estate Mortgage Backed Securities since November, 2007.

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.

California's economy seen geting worse   California's sputtering economy is going to get worse, a report released on Wednesday said.

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.

California Lender Learns Hard Lessons in Deploying Product and Pricing Technology   MSM Lender, a residential mortgage lender based in Rancho Cucamonga, California, shared their view of the crowded product and pricing engine marketplace from a mid-tier lender perspective.

Rates rise, mortgage applications fall: MBA  Applications for mortgages decrease a seasonally adjusted 10.6% last week compared to a week earlier, while interest rates on fixed- and adjustable-rate mortgages rise, Mortgage Bankers Association data show.

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.

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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