Types Of Bankruptcy

S.A. Life: Family finds hope in house, American Sunrise (Reg Req'd)  Patricia and Luis Roberto Herrera came to San Antonio six years ago in pursuit of the American Dream - a steady job, better schools, a church and, most of all,


American Bank purchase doubles mortgage business (BizJournals)  American Bank Holdings has acquired United Federal Mortgage in a bid to ramp up its retail mortgage business nationwide.read more...


Average mortgage up 30% in three years  The average home mortgage has increased 30 per cent over the past three years, despite the cooling Australian property market, an index shows.read more...


Green Building Survey Shows 20% Growth in 2005, 30% in 2006  Preliminary results of a McGraw-Hill Construction/National Association of Home Builders survey indicated that there was a 20% increase in 2005 among those in the home building community who are focusing


New Day Trust Mortgage Joins the Better Business Bureau in Its Commitment to Customers (PR Web)  New Day Trust Mortgage, an Irvine-based and California-licensed brokerage specializing in home purchase, refinance and debt consolidation loans, has joined the Better Business Bureau as part of its ongoing commitment


2006 mortgage conforming limit rises to $417,000 (Bankrate.com via Yahoo! Finance)   Reflecting a national increase in housing values, mortgage financiers sharply raised the dividing line between conforming and more-expensive jumbo mortgages.read more...

June 12th, 2008

Sen. Dodd Tied To Special Countrywide Loans

Senate Banking Committee Chairman Christopher Dodd reportedly received two mortgages under a special Countrywide Financial Corp. program that gave preferential interest rates to “friends” of the company’s chairman.

A spokesman for Dodd, D-Conn., said Friday that the senator did not seek any special treatment.

“The Dodds received a competitive rate on their loans,” spokesman Bryan DeAngelis said in a statement. “They did not seek or anticipate any special treatment and they were not aware of any.”



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