the-nation

Mortgage has to be right fit

For those who can qualify, it’s one of the best times to get a mortgage. Last week, rates for 30-year fixed-rate loans dropped to 4.56 percent, the lowest level on record dating back to 1971, Freddie Mac said.

Read more from the original source: 
Mortgage has to be right fit

the-nation

Mortgage company follows Quicken Loans downtown

One Reverse Mortgage LLC, the nation’s third largest reverse mortgage lender, will relocate its headquarters from Livonia and join its sister companies, Quicken Loans, Fathead and In-House Realty, in downtown Detroit.

Original post: 
Mortgage company follows Quicken Loans downtown

the-nation

Mortgage company chairman indicted in 1.9billion dollars fraud scheme

Washington Jun 17 : The former chairman of a private mortgage lending company, Taylor, Bean & Whitaker (TBW), Lee Bentley Farkas, was arrested last night in Ocala, U.S. and charged in a 16-count indictment for his alleged role in a more than 1.9 billion USD fraud scheme.

Read more from the original source: 
Mortgage company chairman indicted in 1.9billion dollars fraud scheme

the-nation

Mortgage CEO charged with fraud

WASHINGTON — The former chairman of a large mortgage lending company has been charged in a $1.9 billion fraud scheme that contributed to the failure of Colonial Bank, one of the nation’s 50 largest banks before it was seized by regulators last year, the Justice Department said Wednesday.

View original post here: 
Mortgage CEO charged with fraud

the-nation

Mortgage fraud ring hit $100M, FBI says

Federal prosecutors in Detroit say a local crime ring ran a mortgage fraud scheme that cost lenders more than $100 million and was used to fund a lifestyle that included hot rod cars, international travel, palatial homes — even a helicopter.

More here: 
Mortgage fraud ring hit $100M, FBI says

the-nation

Senate votes to ban certain bonuses for mortgage brokers, loan officers

The legislation prohibits payments for signing borrowers to higher interest rates and more onerous terms than those for which the borrowers were qualified. The U.S. Senate voted Wednesday to ban certain bonus payments to mortgage brokers and loan officers, cutting off what experts have called one of the key causes of the nation’s mortgage meltdown.

See original here:
Senate votes to ban certain bonuses for mortgage brokers, loan officers

the-nation

Illinois mortgage defaults hit six-month high

Almost 20,000 homes repossessed this year Illinois homeowners received more mortgage default notices in April than in any month since October, and more than 75 percent of those filings were in the six-county Chicago area.

Original post: 
Illinois mortgage defaults hit six-month high

the-nation

Opposition pushes Tories to boot MP named in mortgage-fraud suit

Opposition MPs demanded Thursday that a Conservative MP named as a defendant in a massive mortgage scam sit as an independent until his name is cleared.

The rest is here:
Opposition pushes Tories to boot MP named in mortgage-fraud suit

the-nation

Former CMHA building inspector indicted in mortgage fraud case

A Cuyahoga Metropolitan Housing Authority inspector and other new defendants have been added to what Cuyahoga County prosecutors bill as the nation’s biggest mortgage fraud cases.

See the rest here: 
Former CMHA building inspector indicted in mortgage fraud case

the-nation

Goldman execs to face Levin on ‘toxic mortgage assets’

Sen. Carl Levin is slated to square off with seven executives of Goldman Sachs on Tuesday over what he called the investment house’s central role in creating a “conveyor belt of toxic mortgage assets” that pushed the nation’s financial system to the brink.

More: 
Goldman execs to face Levin on ‘toxic mortgage assets’

Next Page »