Mortgage firms face FSA inquiry (Guardian Unlimited) The Financial Services Authority is investigating three mortgage brokers that may have helped customers inflate their income to enable them to qualify for home loans.read more...
Free Mapping Service Can Help Find Homebuying Answers WASHINGTON - The days may be numbered for dozens of Internet-based companies that promise to quickly boost FICO credit scores by 200 to 300 points.
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Bernanke: Banks Need to Bolster Risk Management "It is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices" Commercial banks and other financial institutions need to beef up their ability to
It's raining mortgage deals (The Observer) Expectations of interest rate cuts have encouraged lenders to offer a flurry of new mortgage deals. Two-year fixes have fallen to new lows, with Savills Private Finance and Skipton Building
U.S. mortgage delinquencies inch lower in quarter (Market Watch) CHICAGO (MarketWatch) -- The delinquency rate for mortgage loans on one- to four-unit residential properties declined during the second quarter, according to the Mortgage Bankers Association's National Delinquency Survey, released
Home-Price Appreciation Steady in 4Q The rate of increase in U.S. home prices remained steady in the fourth quarter of 2006, extending the slowing trend that began earlier in the year, federal regulators reported Thursday.Commentread
Wells Fargo, the second-largest mortgage lender and fifth-largest bank in the U.S., announced Thursday that it will shut down its non-prime mortgage unit because of turmoil in the market for riskier home loans. The closing of the Baton Rouge-based unit will result in a loss of 170 jobs.
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