Mortgage demand dips to lowest in 2007 even as rates fall (USA Today)
Mortgage applications sank last week to the lowest level since the end of last year despite falling borrowing costs, an industry trade group said Thursday.
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Lehman 4Q Profit Down, Beats Estimates "Despite what continues to be a difficult operating environment, the Firm's results for the quarter highlight our ability to perform across market cycles and deliver value to our shareholders"
Investors struggle to assess value of mortgage-backed bonds (International Herald Tribune) Investors depend on guesswork by Wall Street traders for valuing their bonds because there is no centralized trading system or exchange for subprime mortgage securities.read more...
Two Men Charged In Alleged Real Estate Scheme Two business owners are in jail following a real estate fraud scheme. Sacramento Police arrested 37-year-old John Wilfred Curley of Sacramento and 30-year-old Muhammad Adenwala of Roseville Friday following a
Mortgage scam lands 5 'flippers' prison time (KPLC) JACKSON, Miss. U-S- District Judge William H- Barbour Junior is sentencing five men, including one from Louisiana, to prison for a multimillion dollar mortgage scheme.read more...
Mortgage mess complicates home buying (Miami Herald) If you're in the market for a mortgage these days, you'd better have good credit and be willing to come up with a substantial down payment on your dream home.read
Lawyer Pleads Guilty to Bank Fraud Fairfield attorney John M. Claydon Jr., 57, waived an indictment and pleaded guilty to one count of bank fraud in New Haven's U.S. District Court last week.Commentread more...