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Mortgage News

News on Mortgage continually updated from thousands of sources around the net.

3 hrs ago | Earth Times

FNC Blog: Appraisers Working Long-Distance Spells Trouble for Mortgage Industry

A mortgage industry trend that requires appraisers to work in unfamiliar neighborhoods is resulting in serious valuation issues, according to a new blog posted Sunday, Nov.

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Related Topix: Home

7 hrs ago | Worcester Telegram & Gazette

Hard times already upon US

Even before the recession, more than one in five Americans needed help from family, friends or outsiders to pay for basic needs, according to a survey by the Census Bureau.

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Related Topix: Home, Mortgage, Personal Finance, Computers, PC

12 hrs ago | The Minneapolis-St. Paul Pioneer Press

New way to profit from bad loans

As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess.

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Related Topix: Home, Mortgage, Personal Finance

16 hrs ago | South China Morning Post

The 12-step programme to restoring financial sobriety

"Hi. I'm Tom and I'm a compulsive spender." So begins a recent gathering of Debtors Anonymous, a support group for those addicted to overspending.

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Related Topix: Sacramento Metro, Sacramento, CA, Home

Sat Nov 21, 2009

Bangladesh News

Grand jury indicts alleged mortgage fraudsters

A federal grand jury in Eugene, Oregon has indicted 13 people on mortgage and loan fraud charges.

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Related Topix: Home, Eugene, OR, Eugene Metro

UnionLeader.com

Reader comments: 3

State officials went to federal court yesterday to force into bankruptcy two troubled Meredith financial firms.

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Related Topix: Economics News, Bankruptcy, Meredith, NH, Home, Manchester Metro, Manchester, NH

Empire State News

Former investment company owner pleads guilty to laundering proceeds of mortgage fraud

Kevin O'Connell, 35, of Albany, pled guilty in United States District Court in Albany to a one-count information charging him with the felony offense of laundering of monetary instruments in connection with his role in an extensive mortgage fraud scheme that defrauded financial institutions and other mortgage lenders of over $5.3 million in loans.

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Related Topix: Home, Albany, NY, Prison

Middletown Journal

Ohio public pensions sue ratings agencies

Ohio's public pension systems are suing Standard & Poor's, Moody's and Fitch - companies that provide credit ratings for investments.

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Related Topix: Ohio, Ohio Government, Home

Green Bay Press-Gazette

Guest column: Break up the big corporations

We are in the midst of the worst economic crisis since the Great Depression. More than 27 million American workers are either unemployed, underemployed or have given up looking for work.

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Related Topix: Home

problembanklist.com | mortgagenews

Florida Bank 124th Banking Failure of 2009 | Problem Bank List

The latest data from the Mortgage Bankers Association reports that a record breaking one in seven (14%) of all households are 30 days or more overdue on mortgage payments or in foreclosure. Mortgage defaults have steadily increased since 2006 and show no signs of slowing - not exactly a good omen for the banking industry. ...

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Related Topix: Home, Mortgage, Personal Finance, Fort Myers, FL

Fri Nov 20, 2009

Press-Enterprise

Seven accused of defrauding Inland home investors of millions

Seven people were arrested Thursday and charged with operating a $142 million mortgage and security fraud that pushed 201 Riverside County homes into foreclosure and harmed hundreds of investors in California and Arizona, driving many to financial ruin.

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Related Topix: Home, Mortgage, Personal Finance, Riverside County, CA, Foreclosures, Murrieta, CA

Pittsburgh Tribune

Rates on 30-year mortgages remain below 5 percent

Rates on 30-year mortgages stayed below 5 percent this week but remained above the record set earlier this year, Freddie Mac said Thursday.

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Related Topix: Personal Finance, Home, Mortgage

KOHD

13 Indicted Related to Desert Sun Development

A federal grand jury sitting in Eugene, Oregon, yesterday returned indictments against thirteen individuals on a variety of mortgage and loan fraud charges arising out of the collapse of Desert Sun Development , a company previously headquartered in Bend, Oregon.

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Related Topix: Oregon, Eugene Metro, Eugene, OR, Home, Mortgage, Personal Finance, Bend, OR

KXMA-TV Dickinson

Banks borrow less from emergency Fed program

Banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, but increased their use of other credit programs designed to ease the financial crisis.

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Related Topix: Home

www.bloomberg.com | mortgagenews

Fed Makes Monitoring Bank Capital Foremost Concern

Federal Reserve officials are stepping up scrutiny of the biggest U.S. banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter.

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Related Topix: Banking, JP Morgan Chase , Investment Banking, Financial Services, Goldman Sachs Group, Investment Services, Morgan Stanley European Fund, Morgan Stanley, Morgan Stanley, Healthcare Industry

The Cyprus Weekly

Nationwide sees UK house prices falling in 2010...

British house prices could retreat in 2010 if unemployment rises sharply, Britain's third-largest mortgage lender Nationwide warned on Friday.

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Related Topix: Home

San Jose Mercury News

7 charged in alleged securities and mortgage scam

State and federal prosecutors have charged seven people in an alleged securities scam that cheated dozens of people out of $17 million.

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Related Topix: Home, Riverside County, CA, Science / Technology

Thu Nov 19, 2009

MSNBC

Rates on 30-year loans still below 5 percent

Watchdog: Stimulus job creation data flawed A A The government watchdog overseeing economic stimulus spending said Thursday that, in its rush to take credit for saving hundreds of thousands of jobs, the Obama administration was overly confident in its job-counting. updated Nov.

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Related Topix: Home, Mortgage, Personal Finance

24dash

Mortgage lending up 5% in October - CML

Published by Jon Land for 24dash.com in Housing Thursday 19th November 2009 - 10:05am Mortgage lending up 5% in October - CML Mortgage lending rose by 5% during October as the market continued to recover from its traditional summer dip, figures showed today.

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Related Topix: Personal Finance, Home, Mortgage

This is York

Santander is set to launch a fee-free account available to mortgage customers

Spanish banking giant Santander is set to launch an assault on the current account market with the introduction of a fee-free account available to mortgage customers.

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Related Topix: Home

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