Defaults prompt Congress to rethink risky home loans Congress is eyeing tougher standards for risky, higher-interest home loans made to people with blemished credit records as defaults surge and lenders to the so-called subprime market see their own
TMA launches mortgage desk (Mortgage Introducer) It is claimed the mortgage desk will add value to the overall TMA offering and provide extensive support for all mortgage club members using it.read more...
Two lacrosse players charged, released Two Duke University lacrosse players were arrested on rape charges Tuesday. District Attorney Mike Nifong said a third player also could be arrested but has yet to be identified firmly.read
Home Sweet Home Improvement It may happen one day when you open the front door to the place you have called home for a decade, or it may be the light bulb that goes
Broker, Bank Employee Charged in Valley Mortgage Fraud (News10 Sacramento) A Davis loan broker and Washington Mutual Long Beach mortgage employee have been charged in connection with a multi-million dollar valley mortgage fraud ring.read more...
BankAtlantic forms commercial mortgage division (bizjournals.com via Yahoo! Finance) BankAtlantic said it has formed a commercial mortgage banking division to make long-term, non-recourse, fixed-rate mortgages for acquiring and refinancing income-producing commercial real estate.read more...
LOS ANGELES | The number of foreclosure filings reported in the U.S. last month jumped 93 percent from July of 2006 and rose 9 percent from June, the latest sign that homeowners are having trouble making payments and finding buyers during the national housing downturn.
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