Bank to end loans to mortgage brokers (Boston Globe)
CHARLOTTE - Bank of America Corp. , the second-biggest US bank, plans to stop making loans to mortgage brokers by year-end, a move that will cut 700 jobs, the bank said yesterday.
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Mortgage fraud nets man 8 years in prison (St. Petersburg Times) TAMPA -- The point person for a multimillion-dollar mortgage and construction fraud scheme was sentenced Friday to eight years in prison. Bradford C. Peck, 31, pleaded guilty to multiple counts
Fed will increase rate again When the Federal Reserve's rate-setting committee meets Tuesday, it almost surely will raise short-term interest rates by a quarter of a percentage point.read more...
Australia's 'mortgage' finally paid off (News Interactive) PETER Costello will today pay off Australia's $96 billion national mortgage, and Government will no longer be a net borrower.read more...
Organizers get governors' green light to free cross-border real estate investment If things stay on track, about nine months from now, a pilot program will be launched that should make it easier for anyone to buy real estate in Mexico.via
Ex-councilwoman sentenced to prison in mortgage fraud case (Jefferson City News Tribune) KANSAS CITY, Mo. (AP) - A former Kansas City councilwoman was sentenced Friday to two months in prison and four months of home detention for mortgage fraud.read more...
Stocks are mostly higher NEW YORK Stocks are drifting higher despite a tepid rise in home construction numbers and another rise in oil prices.via