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10/23/2008 News For:

Mortgage

Protests and Hecklers Have Mortgage Bankers Longing for Good Old Days  Although no arrests were made at the mortgage bankers convention on Tuesday, stage-storming was just one of the latest outbursts to plague the event.

Hecklers Have Mortgage Bankers Longing for Old Days  It was just another business-as-usual day at the annual convention of the nation?s mortgage bankers: a few panels, a few presentations and an attempted abduction of Karl Rove.

Protesters link mortgage lenders to broader economic crisis  If you blinked, you might have thought you were watching a scene from the 2006 ?Borat? movie: Mortgage executives gathered in a large room are caught off-guard by disturbances in the audience, making for moments of uncomfortable silence.

Mortgage lenders more flexible, some say   WASHINGTON, Oct. 22 UPI -- U.S. mortgage lenders are showing more willingness to rewrite loans for troubled homeowners, a trade organization said.

Credit firms gave mortgage-related securities AAA ratings despite flaws  Bond-issuer pressure contributed to grade hikes, documents at a House hearing show. Executives and employees at the major credit rating agencies were often aware of problems in the AAA grades awarded to thousands of mortgage-related securities whose downgrades helped plunge the nation into a financial meltdown.

Shaker Heights attorney Dea Character, 7 others indicted in mortgage fraud scheme  A Shaker Heights attorney and seven other people were indicted Tuesday in what prosecutors described as a mortgage fraud scheme that obtained $3 million worth of loans for seven Cuyahoga County properties. Prosecutors say Dea Character, 51, and her boyfriend,...

If your adjustable-rate mortgage is linked to LIBOR, brace yourself  The London Interbank Offered Rate, or LIBOR, sounds like one of those funny British idiosyncrasies, like warm beer or the royal family. But if you have an adjustable-rate mortgage or a student loan tied to the LIBOR, you will not be amused by what's been happening to this index in recent weeks.

Mortgage application volume declines last week   Mortgage application volume fell 16.6 percent during the week ended Oct. 17, according to the Mortgage Bankers Association's weekly application survey.

Credit ratings agencies get grilled after vouching for mortgage-backed securities  Andrew Taylor October 22, 2008 - 5:51 p.m. WASHINGTON - Executives and employees at the major credit ratings agencies were often aware of problems in the AAA grades awarded to thousands of mortgage-related securities whose downgrades helped plunge the nation into a financial meltdown.

Credit ratings agencies get grilling after vouching for mortgage-backed securities  WASHINGTON - There were plenty of signs that executives and employees at the major credit ratings agencies were aware of problems in the AAA ratings awarded to thousands of mortgage-related securities whose downgrades helped plunge the nation into a credit crisis.