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Mortgage News

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

1 hr ago | Northern Michigan News

Correction: Housing-Clinging to Low Rates story

In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year.

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Related Topix: Home, Mortgage, Personal Finance, Zillow, Home Listing, Housing, Real Estate

5 hrs ago | News Observer

RoundPoint Mortgage to lay off 166 in Charlotte

The Charlotte Observer reported that documents filed with the North Carolina Commerce Department indicate that RoundPoint Mortgage Co.

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Related Topix: Mortgage, Personal Finance, Home, North Carolina

9 hrs ago | KIDK CBS 3

Citi inks $7 billion mortgage settlement

Citigroup agreed to pay $7 billion to settle charges that it packaged bad mortgages during the run-up to the financial crisis.

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Related Topix: Home, Mortgage, Personal Finance

12 hrs ago | Canadian Business Magazine

Morgan Stanley paying $275M to settle SEC charges over sales of risky mortgage bonds

Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.

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Related Topix: Stanley, Securities and Exchange Commission, Corporate / Securities Law, Home, Law, Mortgage, Personal Finance, Financial Markets

16 hrs ago | Ledger-Enquirer.com

Average US 30-year mortgage rate at 4.13 pct.

Mortgage company Freddie Mac says the nationwide average for a 30-year loan was 4.13 percent, unchanged from last week.

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Related Topix: Mortgage, Personal Finance, Home

16 hrs ago | The Wichita Eagle

US new-home sales plummet in June

In this Wednesday, June 20, 2012, file photo, a worker stands in the early-morning sunlight on a home construction project in Newtown, Pa.

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Related Topix: Housing, Newtown, PA, Home, Mortgage, Personal Finance, Home Buying

19 hrs ago | Bellingham Herald

Pacino, Dafoe set for Venice Film Festival

Organizers on Thursday announced a 20-strong competition lineup that includes Ramin Bahrani's subprime mortgage drama "99 Homes," with Andrew Garfield and Laura Dern, and Andrew Niccol's "The Good Kill," starring Hawke as a dissatisfied drone operator.

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Related Topix: Home, Mortgage, Personal Finance

19 hrs ago | Key 103

Deep Debt Warning Issued As Rate Rise Looms

The number of households creaking with crippling debts may double over the next four years, a think-tank has warned.

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Related Topix: Mortgage, Personal Finance, Home

22 hrs ago | Contra Costa Times

Barnidge: Not every change in Lafayette is coming at a breakneck pace

Lafayette residents upset at how quickly new construction is changing their town can find solace in the snail's pace of the development formerly known as the Terraces of Lafayette.

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Related Topix: Lafayette, CA, Richmond (San Francisco, CA), Home, Mortgage, Personal Finance, Richmond, CA

Wed Jul 23, 2014

Bellingham Herald

Washington state files charges against two mortgage loan companies

Here's a news release from DFI about a couple of companies possibly operating loan modification schemes.

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Related Topix: Home, Mortgage, Personal Finance, Foreclosures

The Winnipeg Free Press

S&P says regulators considering action against it over mortgage securities ratings in 2011

Standard & Poor's said Wednesday that regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial mortgages.

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

Brandon Sun

Ex-Wall Street trader gets 2-year prison sentence for defrauding government bailout

A federal judge sentenced a former Wall Street trader to two years in prison on Wednesday for securities fraud, saying he took advantage of a government bailout program.

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Related Topix: Prison, Criminal Defense Law, Law, Home, Mortgage, Personal Finance, Financial Markets

Silver City Sun-News

US economy, though sluggish, may now be sturdier

Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged.

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Related Topix: Credit Card Debt, Personal Finance, Home, Mortgage, University City, MO

Myrtle Beach Online

California man gets five years for role in Myrtle Beach area mortgage fraud scheme

A California man who recruited straw buyers for a Myrtle Beach area mortgage fraud scheme has been sentenced to five years in prison, according to federal court records.

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Related Topix: Myrtle Beach, SC, Home, Mortgage, Personal Finance, Foreclosures

Sydney Morning Herald

Mortgage war on as big banks cut rates

The Commonwealth Bank has slashed its five-year fixed mortgage rate to a new record low of 4.99 per cent but borrowers should watch out for fees.

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Related Topix: Home, Mortgage, Personal Finance, National Australia Bank, Financial Services

Lexington Herald-Leader

Lowcountry groups hold another homeowner workshop

The Dorchester Prosperity Center in Summerville is holding the Wednesday event, working with the Trident United Way, Palmetto Goodwill and Family Services, Inc. The groups held a similar workshop last month and because of the large number of people who attended, a second session was organized.

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Related Topix: Non-Profit, Mortgage, Personal Finance, Home

Asbury Park Press

Marlboro man pleads guilty to mortgage fraudMarlboro man pleads...

Marlboro man pleads guilty to mortgage fraud Paul Chemidlin, 42, of Marlboro pleaded guilty to information charging wire fraud and distributing and possessing methylone.

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Related Topix: Marlboro, NJ, Home, Mortgage, Personal Finance, Morganville, NJ, Elizabeth, NJ

Tue Jul 22, 2014

Business Journal

Bank of America picks Countrywide vet Steve Boland to run home-loans unit

Bank of America veteran Steve Boland has been named the new home-loans origination executive for the Charlotte-based bank, filling a newly created position overseeing sales and fulfillment nationwide.

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Related Topix: Banking, Bank of America, Financial Services, Home, Mortgage, Personal Finance

Roseville Review

Little Canada man charged in mortgage fraud case

Robert "Rod" Aslesen, 65, of Little Canada, as well as Thomas Rosensteel of Excelsior, Justin Christenson of East Bethel and Dale Wurzinger of Burnsville, allegedly "devised and executed a scheme to defraud mortgage lenders" according to an indictment filed July 9 in U.S. District Court.

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Related Topix: Little Canada, MN, East Bethel, MN, Excelsior, MN, Burnsville, MN, Personal Finance

Bellingham Herald

Homes sales improve but stress remains

Total existing home sales jumped 2.6 percent in June to a seasonally adjusted rate of 5.04 million.

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Related Topix: Real Estate, Housing, Home, Home Selling, Mortgage, Personal Finance, Foreclosures

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