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Mortgage News

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

15 min ago | Seattle Post-Intelligencer

SEC sues head of defunct Brookstreet Securities

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.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Home, Personal Finance, Retirement

4 hrs ago | The Seattle Times

GE Capital outlook improving, losses to continue

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.

Comment?

Related Topix: Fairfield, CT, Home

9 hrs ago | Canadian Business Magazine

Obama takes on joblessness with plan to boost small businesses, infrastructure

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

Comment?

Related Topix: US Politics, US News, Barack Obama, Home

13 hrs ago | The Advertiser

Rock shareholders unlikely to get a penny in compensation, report says

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.

Comment?

Related Topix: Personal Finance, Home, Mortgage

18 hrs ago | Baltimore Business Journal

New lending halted at Equitable Trust

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.

Comment?

Related Topix: Personal Finance, Home, Mortgage, Baltimore Metro

22 hrs ago | Star Tribune

Few borrowers getting permanent mortgage relief

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.

Comment?

Related Topix: Home

Mon Dec 07, 2009

New York City's Hometown Newspaper - ...

SEC charges ex-New Century execs in subprime mortgage fraud case

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.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Home, Economics News, Bankruptcy, Financial Services

ArkansasBusiness.com

Appeals Court Upholds Sentence in Mortgage Fraud

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.

Comment?

Related Topix: Home, Mortgage, Personal Finance, US News, Eighth Circuit Court of Appeals

Ellesmere Port Standard

Free advice for Chester homeowners struggling with mortgages

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

Comment?

Related Topix: Home

CCTV

Property market growth not bubble

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.

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Related Topix: China, Asia, World News, Home

Omaha World-Herald

Bailout may not be as bad as we feared

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

Comment?

Related Topix: US News, Ben Bernanke, Home, US Politics, Republican, US House of Representatives, Jeb Hensarling

Sun Dec 06, 2009

www.nytimes.com | mortgagenews

Your Money - Foreclosures Can Offer Deals, but Buyer Beware

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

Comment?

Related Topix: Foreclosures, San Juan Capistrano, CA, Real Estate, World News, Russia, Home, Home Selling

www.bloomberg.com | mortgagenews

Treasury Said to Link Citigroup Stake Sale to TARP Payback Plan

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

Comment?

Related Topix: Banking, Financial Services, Citigroup, Bank of America, Torrance, CA

South China Morning Post

Government 'very concerned' about asset bubble, says John Tsang

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.

Comment?

Related Topix: Southeast Asia, Hong Kong, World News, Home

The Indian Express

Kuwait sells Citigroup stake for $1.1 bn profit

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.

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Related Topix: Home

South End Standard

Westcliff mortgage adviser is banned from trading

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

Comment?

Related Topix: Personal Finance, Home, Mortgage

San Gabriel Valley Tribune

Arrowhead Credit Union says despite setbacks, recovery is on the way

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

1 comment

Related Topix: Home, Mortgage, Personal Finance, Victorville, CA, Apple Valley, CA

TulsaWorld.com - Business

Obama's mortgage approach doubted

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.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Tulsa Metro, Tulsa, OK, University of Tulsa, University of Oklahoma

Sat Dec 05, 2009

Rochester Democrat and Chronicle

Mortgage consultant to explain types, qualifications

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

Comment?

Related Topix: Home, Canandaigua, NY, Rochester Metro, Rochester, NY, iPhone

Mortgage News Daily

Is a Loan Modification Just Another Exotic Mortgage?

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 ...

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Related Topix: Home

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