Mortgage bonds lead to big loss for Ambac (International Herald Tribune) The bond insurer posted a surprisingly large first-quarter loss Wednesday after setting aside $1 billion to cover future payouts on mortgage bonds, sending its shares down nearly 40 percent.read more...
Mortgage deals unlikely to improve for months (Daily Telegraph) Struggling families will not see the cost of their home loans cut after Alistair Darling failed to press mortgage lenders to come to their aid.read more...
The heat is on mortgage referral schemes (Newsday) It's one of American real estate's seamier practices, and it's almost impossible for consumers to detect - kickbacks and sweetheart payoffs among realty agents, title and escrow companies, lawyers and
People in Business Peggy Santos, Center Target Sports owner, recently received NRA's "Refuse to be a Victim" instructor certificate.read more...
UAE: Amlak plans Dh1.8bn mortgage bond (Zawya) Mortgage lender Amlak Finance will bring the UAE's first authentic, $500 million (Dh1.8 billion) mortgage-backed securitisation to the market this year, in conjunction with the World Bank's International Finance Corporation.read
Record mortgage lending in 2007 (BBC News) Last year saw the strongest gross mortgage lending to date, but the market is weakening, figures show.read more...
Concerned about mortgage fraud and predatory lending practices, many states have toughened their laws by requiring loan officers or originators to undergo extensive background checks and show proof of professional experience and training. Still, attracted by the lucrative mortgage business, many individuals are originating loans without being properly licensed.
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on Sunday, September 16th, 2007 at 4:22 am and is filed under Mortgages.
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