Firelands Mortgage owner in fraud trial (CentralOhio.com)
A jury deliberated Tuesday in a federal lawsuit against the owner of a Fremont mortgage company that allegedly coaxed its clients to lie to lenders so they could obtain home loans.
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Housing construction falls in August Construction of new homes edged down in August for a second consecutive month, providing evidence that the nation's red-hot housing market may finally be cooling a bit.read more...
Borrowers baffled by mortgage options (Sydney Morning Herald) A large number of Australian borrowers remain perplexed by the tricky terrain of the mortgage industry. One financier says the complex list of mortgage industry players is enough to baffle
No reason for IMF to worry about UAE mortgage lending (AME Info) In a week when the International Monetary Fund (IMF) has blamed the overexpansion of the mortgage industry for housing busts in the US and Spain, and named the UK, Ireland,
Economy Breaking down barriers to financial services transactions between the U.S. and EU members would provide a needed lift for the European Union economy, U.S. Treasury Secretary John Snow said Tuesday.via
Thrifts see record earnings, again Federally regulated thrift institutions posted record earnings in the second quarter of 2005, the third consecutive record quarter for an industry that has claimed that credit unions have unfair advantages.read
UBS makes shock subprime writedown "It shows what a pitiful state they are in" ZURICH : Swiss bank UBS unveiled $10 billion in shock subprime writedowns on Monday and said it had obtained an