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Rec Center close to paying off mortgage  Members of the Rec Center board hope to be feeling the burn by December. The burn of the building's original mortgage, that is. A pledged matching gift from an anonymous local family was recently made known to the board of directors.

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.

Misplaced Mortgage Files on the Rise  Glenda Young wasn��t too happy when she found out we had found her complete financial identity thrown out with the garbage.�� Young��s file was one of two dozen discovered by Randy Robinson.�� While on a break from his job, he noticed this stack of mortgage files just dumped in an alley behind an Irondale shopping center.

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.

McCain's image as reformer takes a hit  Campaign manager's alleged ties to Freddie Mac call into question the nominee's pledge to curtail lobbying. Charges about the pervasive influence of lobbyists have been constant refrains in the 2008 race, but new reports that a company owned by John McCain's campaign manager received a $15,000 monthly stipend from a major mortgage firm at the center of the credit crisis are clouding the ...

U.S. rescue for mortgage industry, but not for homeowners  Many housing and mortgage experts say the government would have a difficult time modifying mortgage terms even if it were eager to do so.

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.

Isle mortgage costs among top  Many Hawaii homeowners spent more than 30 percent of their income on mortgage payments last year in one of the nation's most expensive housing markets, according to the U.S. Census Bureau.

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.