Northwest strikers say they won't leave picket lines Hundreds of people gathered Saturday in support of striking Northwest Airlines workers, one week after union members walked off the job.read more...
30-year mortgage rates dip second straight week (San Jose Mercury News) Rates on 30-year mortgages, which had jumped to the highest level in 2 1/2 years, edged down for a second straight week. Mortgage giant Freddie Mac reported Thursday that rates
Veterans affairs: VA home loans a good deal, often easy to get (Reg Req'd) Aside from requiring a veteran's certificate of eligibility and a VA-assigned appraisal, the application process is not much different from any other type of mortgage loan.read more...
Wells Fargo mortgage unit to cut 22 Bay State jobs (BizJournals) In yet another sign that Massachusetts' housing market is in the midst of a correction, Wells Fargo Home Mortgage has notified the state that it will lay off 22 people,
Report: Japan Banks' Loan Losses $2B Japanese financial institutions lost as much as $2.1 billion from investments related to risky U.S. housing loans in the half of fiscal 2007, according to a government estimate published
Men plead guilty to mortgage fraud (Helena Independent Record) Two men pleaded guilty in federal court in Helena Friday to scheming to defraud mortgage companies and wire fraud involving about $686,000.read more...
Federal investigators are stepping up their probe of U.S. mortgage industry practices, The New York Times reported Sunday.Citing a government official who had been briefed on the matter, the newspaper said investigators are focusing on whether lenders ignored exaggerated income figures provided by applicants for home loans.The FBI and the criminal division of the Internal Revenue Service have …
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