Mortgage News

Britain's biggest mortgage lender announced today that it was cutting its mortgage rates for the third time this month.

A once-feared Haitian paramilitary leader has been convicted in a New York mortgage fraud scheme to cheat lenders out of $1.7 million.

A Brooklyn jury found Emmanuel 'Toto' Constant guilty on Friday of fraud and grand larceny. He faces up to 15 years in prison when he is sentenced on Sept. 10.

Human rights groups say that in the early 1990s, Constant led a gang of thugs that terrorized and slaughtered slum-dwellers loyal to ousted President Jean-Bertrand Aristide. When Aristide returned to power in 1994, Constant slipped into the United States.

' Indiana's secretary of state warned mortgage brokers earlier this month that they would lose their licenses if they didn't pass a state-required test by Aug.

Published by Jon Land for 24dash.com in Housing , Central Government Friday 25th July 2008 - 9:51am Housebuilding slump hits UK's economic growth A housebuilding slump hit growth in the second quarter of the ...

Westpac Bank has matched yesterday's move by rival ASB Bank and lowered its key 2-year fixed mortgage rate.

The head of a state agency that allowed thousands of criminals to sell home loans in Florida has acknowledged that his office did not follow a screening law, but blamed legislators for failing to provide money ...

From MarketWatch: Freddie Mac: 30-yr fixed-rate mortgage up on inflation woes The 30-year fixed-rate mortgage average was up to 6.63% from 6.26% last week.

The U.S. House of Representative Wednesday approved a wide-ranging housing rescue bill that will offer up to 300 billion dollars in assistance to troubled mortgage giants and homeowners.

Retail sales in the U.K. slumped in June by the biggest margin in more than 20 years, indicating that British consumers are cutting back spending amid accelerating inflation and slowing economic growth.

Credit Suisse, Switzerland's second-biggest bank, said second-quarter earnings dropped less than analysts estimated.

A 53-year-old wife and mother fatally shot herself soon after faxing a letter to her mortgage company saying that by the time they foreclosed on her house that day, she would be dead.

Online banking is convenient for consumers and saves money for banks, but it might not be as secure as consumers or banks believe.

Landlords are raising rent prices to offset their own mortgages. Map: Sydney 2000 New figures show there have been double-digit increases in capital city rent prices over the past year.

Jul. 23 - U.S. lawmakers are expected to approve a housing plan that includes help for battered mortgage giants Fannie Mae and Freddie Mac.

A California-based mortgage broker with a Washington license has engaged in deceptive lending practices, according to the state Department of Financial Institutions.

The number of new mortgages approved by the major banks fell another 23% in June to a new record low.

Internet conglomerate IAC/InterActiveCorp, preparing to spin off four of its operating units, said late Tuesday it plans to take about $170 million in charges because the housing crisis has diminished the value ...

The conservative economist and senior fellow at the Hoover Institution writes : "In one of those front-page editorials disguised as 'news' stories, the New York Times blames 'the lucrative lending practices' of ...

Wall Street traded mostly higher Tuesday as investors were encouraged by another sharp drop in oil prices and snapped up shares of undervalued financial companies.

Treasury Secretary Henry Paulson said Congress needs to quickly approve a support package for Fannie Mae and Freddie Mac to make sure the two mortgage giants maintain their critically important role in housing ...