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Mortgage Short Sale - An Exit Strategy or and Invesment Opportunity?  EST - TrackBack Comments In our comments section we mainly hope to get a healthy conversation going among readers, but one reader recently asked a question we really wanted to


Senate Panel to Study Minority-Lending Disparity  Sen. Gary Siplin walked into the Senate Banking and Insurance Committee meeting Monday wanting to make it a felony for a bank employee to reject a home-loan application because of


Pair reject plea deals  Two of eight defendants in a complex housing fraud case that left dozens of Latino families in finical ruin have decided to take their chances with a jury, rejecting the


Board poised to raise key short-term interest rate  The Federal Reserve Board is poised to raise the key short-term interest rate, the federal funds rate, for the ninth time today on the theory that the economy is still


Fannie Mae sees home sales falling 5-10% in 2006  U.S. home sales are on track to decline by as much as 10% in 2006, mortgage finance company Fannie Mae predicted Tuesday.read more...


Transnet sells mortgage book (News 24 South Africa)  State transport firm Transnet has sold its mortgage loan book to FirstRand for R1.4bn, the two companies say.read more...

January 19th, 2007

Conn. regulator issues order on Mortgage Lenders Network (Market Watch)

NEW YORK (MarketWatch)—Connecticut’s banking commissioner issued a temporary order to cease and desist against Mortgage Lenders Network USA Inc., alleging the lender failed to fund loans it had agreed to make before it shut down the bulk of its lending operations late last month.

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