Mortgage, foreclosure fraud bills announced (Denver Daily News) In his ongoing effort to curb mortgage and foreclosure fraud, Attorney General John Suthers announced yesterday legislation that would target appraisal fraud and mortgage brokers who engage in deceptive trade
1,100 Iowans will get mortgage help (The Gazette) Nearly 400,000 borrowers nationwide will be able to modify their loans with mortgage lender Countrywide Financial Corp. - resulting in about $8 billion in permanent relief - under a settlement
Lender lands GMAC account: Stamford-based CBA will assist with small-balance loans CBA Commercial LLC, a Stamford-based commercial mortgage finance firm, has lured a big player to its CBAC Authorized Lender Program, landing GMAC Commercial Mortgage Corp.read more...
Connects Federal Credit Union licenses Open Solutions data processing platform Connects Federal Credit Union in Richmond, Va., has selected Open Solutions Inc.'s The Complete Credit Union Solution , a relational core data processing platform for credit unions, to address its
ECC Capital to Consolidate Facilities IRVINE, Calif. - ECC Capital Corp., a mortgage finance real estate investment trust, said Friday it will lay off 27 percent of its work force to cut costs and improve
Leading Indicators, Jobless Claims Drop Associated Press Leading Indicators, Jobless Claims Drop 05.19.2005, 11:34 AM A closely watched gauge of future business activity fell in April, the fourth consecutive decline in a row, offering more
“Or people who put a house under contract either just changed their mind and decided not to buy right now or find a better deal somewhere.”
Home-building bellwether D.R. Horton Inc. early Tuesday said quarterly orders for new homes fell 40% from a year earlier and that it expects to post a loss after impairment charges. via MarketWatch
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