US Rep Frank: May Need To Amend Mortgage Servicing Laws (Nasdaq) WASHINGTON -(Dow Jones)- U.S. lawmakers may need to alter laws governing mortgage servicing companies in order to give them more flexibility to modify troubled mortgage loans, a top U.S. House
ASB captures half mortgage lending increase (Stuff) There was a big increase in mortgage lending by banks in 2004 with ASB Bank capturing around half the extra business, a 2005 KPMG survey of financial institutions out yesterday
Ex-councilwoman sentenced to prison in mortgage fraud case (Jefferson City News Tribune) KANSAS CITY, Mo. (AP) - A former Kansas City councilwoman was sentenced Friday to two months in prison and four months of home detention for mortgage fraud.read more...
Calls for mortgage action rise (Portsmouth Herald) CONCORD (AP) ? New Hampshire's banking commissioner says the mortgage meltdown sweeping the country shows it's time to allow the state to license loan "originators." read more...
HSBC hits record profits of $22bn HSBC has hit record profits despite tough times in the US HSBC, Europe's biggest bank, has reported a 5% rise in profits to a record $22.08bn . The profit rise
More banks forecasting losses from mortgage woes (Houston Chronicle) Wachovia Corp., the fourth-biggest U.S. bank, said mortgage-related losses and reserves for bad loans may total $1.7 billion this quarter. Bank of America Corp. and JPMorgan Chase & Co. said
A U.S. district judge in Fort Myers, Fla., on Wednesday dismissed a bankruptcy case filed by Detroit area television executive Kevin Adell, clearing the way for Birmingham-based John Richards Homes Building Co.
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