Mortgage News

Federal regulators have sued a defunct California investment brokerage and its former CEO, accusing them of fraud in selling more than $300 million worth of risky mortgage-backed securities to unsophisticated investors.

General Electric says the financial stability of its big lending arm has improved since earlier this year, but high losses on loans gone bad in areas like commercial real estate will continue into next year.

Heading into Tuesday's speech, Obama suggested he might turn to unspent money in the massive federal bailout program to fund job growth.

FORMER Northern Rock shareholders are unlikely to receive a penny in compensation following the nationalisation of the bank, a report costing A 4.5m warned today.

FHA suspends new lending at Equitable Trust Mortgage Corp. Baltimore Business Journal - by Ryan Sharrow Staff Send this story to a friend The Federal Housing Administration said late Monday it suspended Equitable Trust Mortgage Corp.

Executives at two of the nation's largest banks say they are struggling to get homeowners to complete the necessary paperwork for the Obama administration's mortgage relief plan, and only a fraction of homeowners have finished the process.

Securities regulators on Monday charged three former executives at now-bankrupt lender New Century with fraud, the latest government attempt to bring major players in the subprime mortgage market to justice.

A federal appeals court on Monday dismissed a request to open a hearing into extending the prison sentence of mortgage broker Nelson Miller, who was convicted in January 2008 of fraud and conspiracy to commit fraud.

HOMEOWNERS from across the region who are struggling with their mortgages are being offered help to see them through the recession.

China's property market is not facing big risks in the short term despite a rapid growing real estate price in some key cities this year, industry experts said at a national forum today.

The government's bailout of the banking system is turning out to be far from the fiscal sinkhole so many had feared.

So you're looking to buy a new home, and you think a foreclosed house may be the best deal.

The U.S. Treasury Department aims to hold off on selling its 34 percent stake in Citigroup Inc.

Hong Kong's government is "very concerned" about the risk of an asset bubble developing although a bubble is not apparent yet, Financial Secretary John Tsang told legislators on Monday, referring to a surge in the city's property prices this year.

Kuwait Investment Authority, the emirate's sovereign wealth fund, said today it has sold its stake in US banking giant Citigroup for an impressive profit.

A MORTGAGE broker has been banned from trading after failing to prove she was giving sound financial advice.

Arrowhead Credit Union is in a tight spot, but executives claim a recovery is coming soon.

The former Tulsa banker who was brought in to run Freddie Mac during its financial crisis late last year says mortgage-modification programs won't rescue the housing market and that problems are likely to mount again.

Responsible lending will be the topic of a breakfast seminar given by a veteran mortgage consultant Dec.

The Obama administration's effort to modify mortgages is heading into in a bid to make sure that borrowers who have received trial loan modifications can have that workout made "permanent." So far, most criticism on the Home Affordable Mortgage Program, i.e., HAMP, has centered on why so few borrowers with trial modifications are converting into ...