42 min ago | KVAL-TV Eugene
13 charged in $19 million Oregon bank fraud case
A federal grand jury in Eugene has indicted 13 people on mortgage and loan fraud charges arising from the collapse of a Central Oregon development company.
5 hrs ago | WTOL-TV Toledo
Stock futures point to lower opening
Stocks are set to continue their slide when the market opens Friday as the dollar strengthens further, and after a week of mixed economic reports.
9 hrs ago | Journal-Pioneer
Consumers need to prepare for higher mortgage rates next year: advisers
The Canadian housing market has seen a stronger and faster rebound from the recession than any other segment of the economy, due in large part to enticingly low mortgage rates.
14 hrs ago | Market Watch
Mortgages: 30-year fixed-rate mortgage at lowest since May
Rates on 30-year fixed-rate mortgages dropped to their lowest levels since May, Freddie Mac reported on Thursday.
www.bloomberg.com | mortgagenews
FHA, Prime Mortgage Defaults at Records on Job Losses
Foreclosures on prime mortgages and home loans insured by the Federal Housing Administration rose to three-decade highs in the third quarter, driven by the biggest job losses since the Great Depression.
www.washingtonpost.com | mortgagenews
Joseph Gyourko -- 5 myths about homeownership
But before you rush out to claim your extra cash, take a moment to make sure you're not in the housing market for the wrong reasons. We've found that several of our most cherished beliefs about the value of a home don't hold true:
General Growth says creditors agree to restructure $8.9B in shopping center mortgage loans
In this Aug. 20, 2004 file photo, shopppers stroll through Faneuil Hall Marketplace, in Boston.
Weak Jobless Claims, Future Economic Activity Data
A gauge of future economic activity and a report on unemployment benefits signaled Thursday that the recovery likely will remain weak in the coming months.
Stocks Tank, Trailing Foreign Markets
A stronger dollar and more discouraging signs of a subdued economic recovery triggered a broad sell-off in stocks.
www.charlotteobserver.com | mortgagenews
U.S. Bank CEO sees growth in Charlotte
While many of his peers are hunkering down in the financial crisis, U.S. Bancorp chief executive Richard Davis is on the offensive.
Reading Rates: MBA Application Survey
The Mortgage Bankers Association publishes the results of a weekly applications survey that covers roughly 50 percent of all residential mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate mortgages, 1 year ARMs as well as application volume for both purchase and refinance applications.
Mortgage Delinquency Rates Continue To RIse
11/18/09 Credit reporting agency TransUnion announced Monday that the overall delinquency rate for mortgages continued to rise for the quarter.
www.bloomberg.com | mortgagenews
FHA-Backed Lending Is a a Train Wreck,a Toll Says
The Federal Housing Administration, the agency that insures home purchases made with down payments as small as 3.5 percent, may create another lending crisis, Toll Brothers Inc.
Royal Bank and TD Bank cut rates for fixed-rate residential mortgages
Two of Canada's big banks said Wednesday they would cut their posted rates for fixed-rate mortgages by up to 0.2 percentage points.
Lawmakers renew debate on mortgage meltdown laws
State lawmakers are once again trying to remove some legal protections homeowners now have from being pursued by banks if they walk away from their mortgages.
Colo. man comes home, finds squatter in underwear
Authorities in Colorado say a homeowner who was selling his house returned to the property to find a 24-year-old squatter wearing only underwear.
Obama orders expansion of financial fraud task force
Citing a wide belief that "Wall Street does not play by the same rules as Main Street," Attorney General Eric Holder announced Tuesday the creation of a sweeping state-federal task force to uncover crimes contributing to the recent financial crisis or threatening to cause one in the future.
Consumers lack trust in comparison websites, a survey has shown
Consumers lack trust in comparison websites, with one in four people saying they have been able to find better value financial products elsewhere, a survey has shown.
www.washingtonpost.com | mortgagenews
Maryland woman gets 12 years in mortgage scam
A Maryland woman who stole millions from Washington area homeowners trying to avoid foreclosure is a "vulture" whose case should serve as a warning to other con artists, a federal judge said yesterday before imposing a sentence of more than 12 years.
Citi Steps Up Loss Mitigation Efforts in Florida
The number of distressed borrowers in Florida with mortgages owned or serviced by CitiGroup that benefited from foreclosure prevention efforts outnumbered borrowers who were foreclosed on 16 to one during Q309, the bank announced.
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