Mortgage lenders loosen standards despite risks (Pittsburgh Post-Gazette) Mortgage lenders are continuing to loosen their standards, despite growing fears that relaxed lending practices could increase risks for borrowers and lenders in overheated housing markets.read more...
Fannie Mae Reveals More Accounting Errors, Hires Chief Financial Officer Fannie Mae, the mortgage finance company that is restating at least $10.8 billion of earnings, said today it found additional accounting errors surrounding the use of tax credits and insurance.read
Mortgage rates reach 3-month low (CNN Money) Long-term mortgage rates fell last week, pushed down by signs of easing inflation, with rates on the 30-year loan now the lowest since late October.read more...
Wachovia asks forgiveness for slave history (Reg Req'd) Wachovia Corp., the nation's fourth-largest bank, has asked African Americans to forgive the company for its history of owning slaves and using them as loan collateral.via
Civil War Battle Drew Lincoln to Brightwood In a city of historical sites, a notable one sits far off the tourist path, in Northwest Washington's Brightwood neighborhood. read more...
Market Values read more...
Accountant Abrar Haque sold doctored tax documents and pay stubs that clients used to fraudulently qualify for Medicaid, student loans and mortgages, federal prosecutors said Wednesday.
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