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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.

BofA names new head of mortgage sales   Bank of America Corp., the nation's second-largest bank, named Craig Buffie as its top mortgage-sales executive, displacing former Countrywide Financial Corp. executive Drew Gissinger. ���Craig brings exceptional transformational leadership experience and deep knowledge of Bank of America operations to this role,��� Barbara Desoer, mortgage, home equity and insurance-services president, said in a ...

Mortgage firm fined over lost ��2m  A mortgage firm has been fined ��1.12m after failures resulted in hundreds of borrowers suffering losses of ��2.3m.

Brothers admit to million-dollar mortgage fraud   Federal prosecutors say two Virginia brothers have pleaded guilty in a million-dollar mortgage fraud scheme. Twenty-nine-year-old Mohammed Rababeh of Vienna and 31-year-old Ahmed Rababeh of Haymarket pleaded guilty Wednesday to conspiring to commit bank fraud.

TV?s Future Technology Available Now in Tiny Size  OLED-screen technology in a pocket-size picture viewer is available without taking out a second mortgage.

Short-Sellers `Clearly Bank Robbers,' Says Archbishop (Update2)  Sept. 25 -- Hedge funds that bet on a decline in British mortgage lender HBOS Plc are ``bank robbers'' and ``asset strippers,'' according to the Archbishop of York John Sentamu , the Church of England's second-ranking cleric.

Ahead of the Bell: Mortgage Giants   The new leaders of mortgage finance companies Fannie Mae and Freddie Mac are scheduled to make their initial appearance on Capitol Hill to detail management plans for the companies now under government control.

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.

Southbury couple charged with embezzling $250,000 from mortgage lender  SOUTHBURY ��� A wife and husband were charged Thursday with conspiring to embezzle about $250,000 from Northeast Mortgage Corp. on Main Street South, police said.

Monthly Mortgage Prepayments Can Bring Big Savings, Faster Payoff  I took a short-term job with a substantial increase in pay and would like to apply the extra money to my mortgage. Is it better to pay an extra amount each month, or should I hold onto the cash and pay a large lump sum each year?

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