Connecticut Lawyer Admits Mortgage Fraud Scheme (WNBC) A Connecticut real estate attorney who worked as a mortgage broker has pleaded guilty to a mortgage scheme that prosecutors say defrauded banks and clients of more than $8 million,
Frightful Flowers Make Halloween 'Boo-tiful' What could be scarier than some fake spider webs and a leering jack 'o' lantern this Halloween? For millions of Americans, the answer seems to be a bare front porch
What the Countrywide deal means for your mortgage (CNN.com) Bank of America said Friday it would purchase embattled mortgage lender Countrywide Financial Corp. for $4 billion in an all-stock transaction.read more...
Rockland housing market cools, but prices still up 11% In a sign that the exuberance in the Rockland County real-estate market may be abating, the inventory of unsold homes soared 72 percent in the fourth quarter, according to industry
Council helps troubled borrowers fix mortgage mess (Milwaukee Journal Sentinel) Each waking day for nearly a year, Dorothy Mayes didn't know whether she would have a roof over her head. While grieving over the death of her husband, Arthur, Mayes
Waiahole tenants receive new lease on life Waiahole families get help from a nonprofit to build new houses By Leila Fujimori lfujimori@starbulletin.com Two years ago, Cookie and Lawrence Lagapa got an eviction notice because they hadn't met
“Conditions in mortgage markets remain quite difficult”
A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve Chairman Ben Bernanke warned anew Monday as he urged Congress to take additional steps to alleviate the problems.
‘High rates of delinquency and foreclosure can have substantial spillover effects on the housing market, the financial markets and the broader economy,’ Bernanke said in a dinner speech to Columbia Business School in New York. ‘Therefore, doing what we can to avoid preventable foreclosures is not just in the interest of lenders and borrowers. It’s in everybody’s interest,’ he said. Read more
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