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Mortgage rates finish week mixed (CNN Money)  Mortgage rates were mixed this week, with longer-term rates easing slightly, Freddie Mac said Thursday, on cooling inflationary fears.read more...


Bank of England's King refuses to bail out banks, hints interest rates at their peak  "Other things being equal, that would lower the inflation outlook." LONDON : Bank of England Governor Mervyn King stood firm against bailing out struggling banks on Wednesday, but hinted


Ask Dr. Don: Managing closing expenses  Dear Debbie, At closing, you pay the interest expense for the days between closing and the first day of the next month.via


Now what?   Another mortgage lender boarded up the windows Monday, as American Home Mortgage Investment Corp. via Pueblo Chieftain read more...


Over 5% of UK mortgage lending 'adverse', CML says (Banking Business Review)  According to new data from the UKs Council of Mortgage Lenders, over 5% of total mortgage lending in 2005 was probably adverse credit lending to people with previous credit problems.read


On Personal Finance | Fixed mortgage still the best deal (The Philadelphia Inquirer)  Question: I'm house-hunting this spring and have found a couple of nice homes, so I'm thinking about the next step. Which type of mortgage is best?read more...

September 28th, 2006

Countrywide Sues Man, Alleging Mortgage Fraud (Los Angeles Times)

Countrywide Financial Corp. is suing an Indianapolis man, accusing him of orchestrating a mortgage fraud scheme in which dozens of Virginia residents were tricked into buying homes in Indiana at inflated prices.

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