'Eye-watering' fees for new mortgage deals (Daily Telegraph) Banks have been attacked for landing their mortgage customers with "eye-watering" fees, just a day after borrowing costs were increased by the Bank of England.read more...
Fannie Mae Probe Points to 2 Former Execs Fannie Mae's former finance chief and controller share primary responsibility for the accounting failures at the mortgage company struggling to emerge from an $11 billion scandal, a company-ordered report said
Many homeowners unaware of their mortgage's specifics (The Post and Courier) Here's a public service announcement of sorts: Have you looked at your mortgage lately? Do you know if you have an adjustable-rate mortgage that could go up? If your payment
Sector Snap: Mortgage Lenders (AP via Yahoo! Finance) Shares of home lenders plunged Wednesday after Merrill Lynch & Co. reported its portfolio of mortgage debt lost much more value than the investment bank thought it would.read more...
Alamo City mortgage firm sold to First United Bank (BizJournals) A locally based mortgage brokerage company has taken on a new name as part of an ownership change.read more...
Ind. Mortgage Brokers Face Tougher Licensing Laws (NPR) New lending laws in Indiana could put some mortgage brokerage firms out of business by the end of the month. The rules prevent brokerages from holding a license in the
Countrywide Financial, America?s largest mortgage lender, warns that more borrowers with good credit are falling behind on their loans and that the housing market might not begin recovering until 2009 because of a decline in house prices that goes beyond anything experienced in decades.
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