Ten charged in alleged mortgage scam (WBBH) LEE COUNTY : A major mortgage fraud scheme was busted with a number of local arrests. The ringleaders allegedly conned lenders and potential home buyers out of nearly $4 million
Fitch Rates $982.2MM Citigroup Mortgage Loan Trust, 2006-WMC1 (Business Wire via Yahoo! Finance) NEW YORK----Feb. 1, 2006--Fitch has rated the Citigroup Mortgage Loan Trust Inc. asset-backed pass-through certificates, series 2006-WMC1, which closed on Jan. 31, 2006, as follows: $273,897,000 privately offered class
How buyers get in the door (Reg Req'd) Many in state get riskier loans, tie up more income, housing study says. By Andrew LePage -- Bee Staff Writer Published 2:15 am PDT Thursday, August 18, 2005 A new
Mortgage Payment Reset? The Saturday WSJ reports that "More than $2 trillion of U.S. mortgage debt, or about a quarter of all mortgage loans outstanding, comes up for interest-rate resets in 2006 and
Rescuing the nation's two mortgage giants (Miami Herald) The big question in Washington this week has been whether the U.S. taxpayer should help rescue mortgage giants Fannie Mae and Freddie Mac. The real question is, Do we have
Capstead Mortgage Sells Assets at Loss (AP via Yahoo! Finance) Capstead Mortgage Corp., a real estate investment trust, said Tuesday it recently completed the sale of $760 million of agency-guaranteed mortgage securities for a loss of about $1.5 million.read
Bank of Nova Scotia, Canada’s third- largest bank by assets, said second-quarter profit climbed 5.4 percent to a record on cost cuts, fewer bad loans and rising demand for mortgages in Mexico and the Caribbean.
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