5 plead guilty in mortgage scheme (FOX 10 Mobile)
HATTIESBURG, Miss. Five people has pleaded guilty to federal charges of mortgage fraud for their role in a scheme ran by alleged conspiracy ringleader Richard…
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Merrill note: Mortgage problems could slap down housing prices sharply (USA Today) House prices could tumble 10% this year if a credit crunch taking shape in the mortgage market gathers steam, Merrill Lynch said in research notes this week.read more...
Indymac to Make `Major Changes' to Mortgage Lending (Update1) (Bloomberg.com) Aug. 2 (Bloomberg) -- IndyMac Bancorp Inc. is making ``very major changes'' to its lending standards and may raise interest rates it offers on home loans because of a slump
Peter Boutell: Lending a Hand According to the National Association of Realtors, vacation home sales are booming.via
Jury deliberations continue in Shields' mortgage fraud case (The Kansas City Star) A federal jury resumed deliberations about 8:20 this morning in the mortgage fraud case involving former Jackson County Executive Katheryn Shields.read more...
Countrywide cancels ski trip meeting with lenders amid criticism Countrywide Financial Corp. canceled plans to host a business summit at an expensive Colorado ski resort after published details of the event drew criticism of the mortgage lender that
Lehman announces further mortgage cutbacks (Reuters via Yahoo! News) Lehman Brothers Holdings Inc said on Thursday it will fire 850 workers in its mortgage operations, just two weeks after the fourth largest investment bank said it was closing