Texas Bankruptcy Laws

For Loan Seekers, Preparation Is More Important Than Ever   One of the reasons many subprime loans have failed is because of weak underwriting, a new study suggests. read more...


Mortgage loans hit record summer high (icWales)  MORTGAGE lending broke the July record last month, figures showed yesterday, but is expected to cool down as the recent hike in interest rates takes effect.read more...


Commerzbank's Eurohypo on track for '06 profit aim (Reuters via Yahoo! Asia News)   FRANKFURT, May 29 (Reuters) - Commerzbank's mortgage bank Eurohypo is on course for its goal to boost net profit by 15 percent this year, Eurohypo's chief executive said on


From Barn Raisings to Home Building  The Amish have long been famous for barn raisings. Now, they're becoming known for building houses for the non-Amish, often using ancient construction techniques.read more...


Tax changes could be 'brutal' for county  Sonoma County, which has some of the costliest housing in the nation, could be one of the areas hardest hit by a federal plan to do away with tax breaks


What to do if you're late on the mortgage (Detroit News)  Q . How can I catch up on a mortgage payment? I have fallen behind and have no options, such as extension, refinance, deferral, debt consolidation loan, etc., available to

August 29th, 2008

British banks on hook for mortgage fraud (Moldova.org)

British banks may be on the hook for at least $12.7 billion in fraudulent mortgage loans given to drug gangsters and other scammers, industry observers say. The numbers came to light this week as mortgage lender Bradford & Bingley disclosed it had been forced to take a $33 million charge against earnings for the first six months of 2008 thanks to loans to criminal gangs and other perpetrators of …

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