Junk mail or lower interest rates? You may not know it, but when you apply for a mortgage, competing lenders are buying financial details about you from the credit bureaus.read more...
Credit Suisse's Dougan Says Mortgage Turmoil May Last 18 Months (Bloomberg.com) Oct. 3 (Bloomberg) -- Credit Suisse Group, Switzerland's second-biggest bank, predicts that the market for mortgage credit will be ``problematic'' for as long as 18 months, Chief Executive Officer Brady
Mortgage broker pleads guilty to scheme (Newsday) Jacob Milton, a Queens mortgage broker at the center of a scandal involving identity theft and phony mortgages, has pleaded guilty to grand larceny and scheme to defraud.
Fraud victims lose home A New York couple appears finally to have lost the house they lived in throughout their married life, victims of a fraudulent mortgage deal.read more...
Mortgage rates rise modestly again Mortgage rates nudged up a fraction, and tight credit conditions continue. But FHA-insured mortgages are growing by leaps and bounds.read more...
Sector Snap: Mortgage REITs Down (AP via Yahoo! Finance) Shares of mortgage real estate investment trusts declined Wednesday, a day after Bear Stearns Cos. said two of its hedge funds are nearly worthless due to the meltdown in
Congress will press federal regulators on whether they were lax as high-risk mortgages proliferated during the housing boom and even contributed to the spike in delinquent payments and foreclosures.
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