A plan to jumpstart the mortgage market (CNN Money)
A group representing the buyers and sellers of mortgage backed securities unveiled a plan on Wednesday to recharge the moribund mortgage securitization market.
read more…
Atlanta man gets 7 years in $112M mortgage scheme (Atlanta Journal-Constitution) An Atlanta man Thursday was sentenced to seven years in prison for his role in a mortgage fraud scheme that racked up $112 million in fraudulent loans. Leslie Rector, 35,
Confused by all the Mortgage Options? Here's Help (Derby Daily Reporter) (ARA) - Fixed rate. Adjustable rate. Interest Only. Flex. All of the different types of home loans that are available these days can puzzle many homebuyers. But, say mortgage experts,
Just what is securitisation? 'Banks will have to unload bad loans to Asset Reconstruction Companies by FY2007' read a leading business newspaper headline sometime back.via
LIC Housing to launch reverse mortgage loan (The Hindu) HYDERABAD: LIC Housing Finance will roll out the reverse mortgage loan next month as it sees a huge potential for this new business opportunity. Disclosing this at a press conference
News of our past Louisiana-Pacific Corp. has closed down most of its Oroville lumber mill operation, laying off 143 workers; 19 workers remain.via
Money market mutual fund lifeline The government is throwing an unprecedented lifeline to money market mutual funds to reassure nervous investors.read more...