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Mortgage Houses

New Mortgage Standards  With calls for more regulation over investment houses, lenient mortgage loans are nearly a thing of the past. Local lenders are tightening their qualifications as a means of protecting their own liabilities, as well as that of their customers.

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.

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.

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 ...

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.

CEOs involved in financial meltdown paid millions  As Congress considers a $700 billion bailout for Wall Street and the banking sector, there are calls to restrict the pay and severance packages for CEOs at investment houses, banks and mortgage lenders poised to benefit from the plan put forward by U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke. GS MS MER BAC JPM WB WAMU