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FDIC Sues Bank Of America, JPMorgan, Others Over Toxic Mortgage Bonds That ... - Huffington Post
 Go Banking Rates | FDIC Sues Bank Of America, JPMorgan, Others Over Toxic Mortgage Bonds That ... Huffington Post AP | Posted: 05/21/2012 6:27 pm Updated: 05/22/2012 8:31 am WASHINGTON (AP) — The government has sued several big banks over toxic mortgage securities they issued that were bought by two small Illinois banks which failed in May 2009. FDIC sues big banks over mortgage debt losses FDIC Sues on Mortgage-Backed Securities Sold to Failed Banks FDIC Targets Banks Over Soured Mortgage Securities |
Deo Buddhu Accused Of Mortgage Scam Promising False Federal Aid - Huffington Post
Deo Buddhu Accused Of Mortgage Scam Promising False Federal Aid Huffington Post At least six homeowners are accusing Deowraj "Deo" Buddhu of Weathersfield, Connecticut of running a mortgage scam that's threatened them with foreclosure, NBC Connecticut reports. Buddhu allegedly promised access to special federal aid to help ... |
Tighter mortgage rules not enough in hottest real estate markets, OECD says - Hamilton Spectator
 Globe and Mail | Tighter mortgage rules not enough in hottest real estate markets, OECD says Hamilton Spectator OTTAWA Moves by the federal government to tighten mortgage lending rules aren't doing enough to cool the housing market in the hottest regions in the country, the Organization for Economic Co-operation and Development said Tuesday. OECD urges higher interest rates for Canada |
Ill. county sues mortgage lenders, claiming fraud - CBS News
 Madison County Record | Ill. county sues mortgage lenders, claiming fraud CBS News BELLEVILLE, Ill. — An Illinois prosecutor is suing 22 local and national banks and mortgage companies, accusing them of deceit and fraud in using an electronic mortgage registry to sidestep recording fees his county should have been collecting. Ill. county sues mortgage lenders Kelly says MERS lawsuit had been contemplated for months Banks Sued for Allegedly Avoiding Property Recording Fees |
Mortgage lenders face risk and additional cost of doing business - MarketWatch (press release)
Mortgage lenders face risk and additional cost of doing business MarketWatch (press release) LOVELAND, Colo., May 22, 2012 (BUSINESS WIRE) -- Kroll Factual Data, Inc. ("Kroll Factual Data"), a leading provider of independent verification services to mortgage lenders, banks, credit unions and property management firms, announced today that more ... Kroll Sees Supplanting S&P in Rating Commercial Mortgage Bonds |
Freddie Mac Announces Prepayments in Certain Mortgage Participation Certificates - MarketWatch (press release)
 Housing Wire | Freddie Mac Announces Prepayments in Certain Mortgage Participation Certificates MarketWatch (press release) MCLEAN, Va., May 22, 2012 /PRNewswire via COMTEX/ -- Freddie Mac (OBB:FMCC) announced today that certain of its Mortgage Participation Certificates (PCs) will shortly experience prepayments in a total amount of approximately $330 million unpaid ... Former E*TRADE Chief Takes Over as CEO of Freddie Mac |
TEXT-S&P affirms Celink residential reverse mortgage servicer ranking - Reuters
TEXT-S&P affirms Celink residential reverse mortgage servicer ranking Reuters May 22 - OVERVIEW -- We affirmed our ABOVE AVERAGE ranking on Celink as a residential reverse mortgage servicer. -- We raised the subranking to STRONG from ABOVE AVERAGE for loan administration due to several improvements made within the organization. Fitch Takes Various Actions on Homeward Residential (Formerly American Home ... |
ICBA Mortgage Solutions Names Ron Bricker Regional Account Manager - MarketWatch (press release)
ICBA Mortgage Solutions Names Ron Bricker Regional Account Manager MarketWatch (press release) DENVER, May 22, 2012 (BUSINESS WIRE) -- ICBA Mortgage Solutions (ICBAMS), a provider of comprehensive mortgage services to help community bank members of the Independent Community Bankers of America (ICBA) originate, process, close, fund and sell ... |
Zillow: US 30-Year-Mortgage Rates Rose Slightly In Latest Week - Wall Street Journal
 New Zealand Herald | Zillow: US 30-Year-Mortgage Rates Rose Slightly In Latest Week Wall Street Journal Zillow Inc. (Z) said Tuesday its real-time measure of 30-year-fixed-mortgage rates rose in the latest week, snapping a four-week decline. The 30-year-fixed-mortgage rate on Zillow's Mortgage Marketplace edged up to 3.63%, from 3.59% a week earlier. 30-Year Fixed Mortgage Rate Rises Slightly After Falling to All-Time Low Last ... New Record Low Set By Fixed Mortgage Rates According to ForTheBestRate.com BNZ joins mortgage rate war |
California Legislative Analyst OKs mortgage settlement cash shift - Los Angeles Times
 ProPublica | California Legislative Analyst OKs mortgage settlement cash shift Los Angeles Times By Marc Lifsher SACRAMENTO -- Part of California's share of a national legal settlement with five big mortgage banks can be used to help fill a $15.7-billion hole in the governor's proposed budget, the state Legislature's non-partisan policy advisor ... Allocation of Mortgage Settlement Funds Mortgage settlement could go in state's budget hole Conn. officials outline spending of mortgage money |
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