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Bank cuts mortgage rates (Newstalk ZB via Yahoo!7 Finance)  ASB has cuts its key mortgage rates for the first time since the global credit crunch forced interest rates higher earlier this year.read more...


Splitting property before splitting up  You'll need to check with your divorce attorney since it varies with the state, says Dr. Don.read more...


Vermont to get $425,000 in settlement with mortgage lender (WCAX 3)  MONTPELIER, Vt. -- Some Vermont homeowners may be eligible for refunds from Ameriquest Mortgage Co., which has agreed to a settlement after investigations into its lending practices, state officials announced


U.S. Bank Home Mortgage Reaches $100 Billion in Servicing (Business Wire via Yahoo! Finance)   OWENSBORO, Ky.----U.S. Bank Home Mortgage reached a milestone in mortgage servicing when it crossed $100 billion in volume on Thursday, Jan. 4. The company will celebrate with employees at


8 moves for home buyers, sellers in '08  A chastened housing market bodes well for buyers; sellers are in for more pain, says the Real Estate Adviser.read more...


Ethics Opinion Allows Law Firms to Own Other Law Firms as Subsidiaries  Creating a potential gold mine for law firms, an ethics ruling in New Jersey now allows a law firm to own another law firm as a wholly-owned subsidiary .read more...

December 31st, 2007

L.A. mortgage scam cost lenders $142 million (Daily Press)

Two developers and their pals secured loans on homes they allegedly overpriced. Kathy Moore’s loan application sailed through the mortgage desk at Lehman Bros. Bank. And little wonder.

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