Push to streamline mortgage closing costs (Seattle Times)
Is there any hope for simplifying the paper-laden, costly and often confusing U.S. system of closing a home mortgage? Can anybody help straighten…
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Fitch Upgrades 8 Classes of Banc of America Commercial Mortgage 2001-1 (Business Wire via Yahoo! Finance) NEW YORK----May 23, 2006--Fitch upgrades Banc of America Commercial Mortgage Inc.'s commercial mortgage pass-through certificates, series 2001-1 as follows: $35.6 million class B to 'AAA' from 'AA+'; $21.3 million
The Letter of Credit Makes a Comeback Banks are pushing the envelope to finance second homes, possibly adding fuel to an overheated market.via
Mortgage lending may halve, warns CML (ShareCast via Yahoo! UK & Ireland Finance) The Bank of England must double its efforts to deal with the credit crisis, warned the Council of Mortgage Lenders (CML) today, with mortgage lending in danger of halving this
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Two residents accused of mortgage fraud (St. Charles Journal) Attorney General Jay Nixon has filed lawsuits against two St. Charles County residents in a statewide operation targeting alleged mortgage fraud.read more...
Lenders dinged for catering to poor credit Companies that make mortgage loans to shaky borrowers have gotten clobbered this month, felled by fears of higher interest rates and worries that the housing bubble will burst.read more...