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Mortgage fraud scheme gets Greenville lawyer a prison sentence (WIS News 10 Columbia)  Last March, a Greenville lawyer admitted he sent false loan documents to residential mortgage lenders in the Upstate. Now Alex J. Newton has been sentenced to 41 months in federal


India's ICICI Bank Q2 net profit 17%  BOMBAY: India's largest private sector bank, ICICI Bank Ltd, said yesterday that its net profit in the April-June quarter rose 17 per cent from a year ago, boosted by a


Mortgage lender HBOS may launch rights issue (AFP via Yahoo! News)   The board of HBOS, Britain's biggest mortgage lender, will meet Monday to discuss a possible multi-billion pound rights issue due to the international credit crunch, media reported Sunday.read more...


Strickland offers plan for foreclosure crisis   Ohio Gov. Ted Strickland has proposed a compact between the state and subprime mortgage lenders aimed at cutting down on the flood of foreclosure filings racking the state. via


Canadian real estate posts record first quarter  Sales activity picks up in Atlantic provinces St. John's, capital city of the province of Newfoundland and Labrador.read more...


Real estate seminar focus is on Latinos  The National Association of Hispanic Real Estate Professionals, Re/Max of Indiana and First Horizon Home Loans are sponsoring a free Latinos 101 seminar on Thursday.read more...

December 31st, 2007

Mortgage insurers see defaults hit a new high (San Jose Mercury News)

WASHINGTON (AP) – Mortgage insurers saw defaults rise to a new monthly record in November, according to data from an industry trade group.

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