Mortgage News

The White House candidates are weighing in on what appears to be an imminent federal takeover of troubled housing giants Fannie Mae and Freddie Mac.

Improbable as it sounds at a time when American homeowners have lost billions in equity holdings, a new industry is taking shape to help them tap portions of their equity wealth without incurring traditional ...

It's 7 years in prison for 35 year old Clarissa Foster. The Macedonia woman was sentenced for mortgage fraud in Cuyahoga County Common Pleas Court following a six-day trial.

A former Detroit police officer and a city tax assessor have been charged in a $2.1-million mortgage fraud scheme.

The HBOS chief said that US money-market investors would not resume channelling of money to UK banks for mortgage-lending until US house prices started to recover - a process he said was set to last well into ...

The nation's unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years _ and it's likely to go even higher in the months ahead, possibly throwing ...

The Treasury Department is close to finalizing a plan to buttress mortgage finance companies Fannie Mae and Freddie Mac, the Wall Street Journal reported on Friday.

A former vice president for a subprime lender has been sentenced to 18 years in prison for mortgage fraud, racketeering and grand theft.

Charles Rangel paid no mortgage interest on a beach resort property for about 15 years, a lawyer for the powerful House committee chairman said Friday.

Friday, 5 September 2008, 6:54 pm Press Release: United Nations While developing countries' economies are forecasted to expand by 6 per cent this year, that growth could potentially be checked by the slowdown ...

A public-records web site operated by a group of county officials has confirmed it was trying to sell information that includes Social Security numbers to a real estate database company.

The Bank of England has kept interest rates on hold for the fifth month in a row despite the looming threat of recession.

Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.35 ...

Alpha Mortgage USA Inc. and American Home Mortgage Servicing Inc. engaged in a racially targeted predatory lending practice called "reverse redlining," according to a lawsuit filed in federal court by a black ...

The rate at which house prices are falling hit a new record in August with the Halifax index recording double-digit annual drops for the first time ever, figures showed.

Two Irish property developers are offering home buyers easier access to finance options for their Dublin developments.

Two men share a joke while smoking a cigarette in central London, Wednesday, Aug.

AUGUSTA : The state has recouped its money from a bad $20 million investment in a mortgage-backed fund, after the broker that sold it to the Treasurer's Office essentially agreed to buy it back last week.

NEW YORK - GMAC LLC said on Wednesday it plans to cut 5,000 jobs at its Residential Capital LLC mortgage unit, or 60 percent of that work force, and shut its 200 GMAC Mortgage retail offices as it combats weak ...

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