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Mortgage In California

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 ...

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.

Advocates urge relief for loan fraud victims in Florida  With Florida's mortgage industry reeling from its worst crisis, two statewide organizations are pressing lawmakers to restore a program to reimburse people ripped off by crooked loan brokers.

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.

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.

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.

Powerful blast in Georgian separatist city: agencies   A powerful blast in the Georgian separatist region of Abkhazia on Thursday inflicted "significant damage" to buildings, but caused no casualties, Russian news agencies reported, citing officials.

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 ...