Mississippians charged with real estate loan fraud (Reg Req'd) Multimillion-dollar scheme centered in Madison County Ten Mississippi residents have been charged in a multimillion-dollar mortgage fraud scheme, officials said late last week.read more...
U.S. mortgage companies face sharp job cuts (International Herald Tribune) A high percentage of U.S. real estate loan officers and mortgage brokers may be fired as the market slows amid a credit crunch.read more...
SWBC Mortgage buys new branches, hires over 100 employees (BizJournals) Southwest Business Corp.'s mortgage division has purchased the assets of 15 branches of lender Home Loan Corp.read more...
Lake Alfred to Get Decorative Welcome Signs From Developer read more...
Home-Loan Report Portends More Mortgage Pain An analysis of U.S. home-loan data suggests more misery for subprime borrowers, lenders and investors, as existing mortgages are pressured by falling housing prices and lenders put tougher underwriting standards
Nationwide relaunches 25-year mortgage deal (Guardian Unlimited) Nationwide building society today responded to Alistair Darling's call for longer-term home loans by announcing the relaunch of its 25-year fixed rate mortgage from July 17.read more...
GMAC Commercial Mortgage Corporation has provided $21,000,000 in fixed-rate, secondary financing for a Chicago, Ill., multifamily property.
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