Hot, Hot, Hot: The Hamptons, London and Des Moines In this week's survey of real-estate news, we look at a record-breaking $103 million residential sale, amped-up competition among British home buyers, why Des Moines, Iowa is sizzling, a spate
Countrywide mortgage funding off 11% (BizJournals) Countrywide Financial Corp. reported $38 billion in mortgage loan fundings in November, down 11 percent from a year ago.read more...
Countrywide merger criticized, BoA names mortgage exec (Reuters via Yahoo! News) Bank of America Corp on Thursday said Countrywide Financial Corp's second- highest ranking executive will run its mortgage business, and a large Countrywide investor said it opposes the bank's
Mortgage fraud reports are up (Philly.com) Efforts to tighten lending standards appear to have had little effect so far, as reports of mortgage fraud increased 42 percent in the first quarter of 2008 from the same
Dark side of subprime loans Loans to homeowners with less-than-sterling credit are the fastest-growing segment of the mortgage market as lenders reach out to those unable to qualify for conventional mortgages.read more...
Freebery mortgage fraud trial opens in Philadelphia (TimesLeader.com) PHILADELPHIA - Former New Castle County Chief Administrative Officer Sherry Freebery never intended to repay a $2.3 million loan from a du Pont heiress, Freebery's attorney's said Monday at the
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