Former Ore. mortgage broker sentenced to 2 years
Fed Pulls The Plug On Mortgage Purchases
The Federal Reserve will stop buying mortgage-backed securities this week, ending a massive program that’s been helping the housing market recover. The Fed has bought more than $1.2 trillion of mortgage-backed securities in all.
Read more on NPR
‘Gangster’ admits mortgage fraud
An alleged Glasgow gangster admits defrauding more than £250,000 by lying about his income on mortgage applications.
Read more on BBC News
Former Ore. mortgage broker sentenced to 2 years
A former Oregon mortgage broker has been sentenced to two years in federal prison after pleading guilty to identity theft for making false loan applications to buy homes for his girlfriend.
Read more on AP via Yahoo! Finance
Lawmakers: Resolve probes of mortgage firms promptly
Lawmakers: Resolve probes of mortgage firms promptly
Legislators appear to be growing impatient with the pace of federal and state investigations into Financial Resources Mortgage Inc. and CL&M Inc., the failed Meredith firms that allegedly bilked investors in an $82 million Ponzi scheme.
Read more on New Hampshire Union Leader
Categories: mortgage meld Tags: firm's, lawmakers', mortgage, probes, promptly, Resolve
Mortgage Backed Securities and the Real Estate Market: Where Do We Go From Here?
Mortgage Backed Securities and the Real Estate Market: Where Do We Go From Here?
RISMEDIA, February 10, 2010—The Treasury Department and the Federal Reserve Board have been purchasing mortgage-back securities from Fannie Mae and Freddie Mac for a little over a year now. Their efforts, along with the Home Buyer Tax Credit have helped…
Read more on RISMedia Real Estate News
Categories: mortgage meld Tags: Backed, Estate, From, Here, Market, mortgage, Real, Securities
Mortgage rates on 30-year U.S. loans fall to 5.06 percent
Mortgage rates on 30-year U.S. loans fall to 5.06 percent
Mortgage rates in the U.S. fell for the second consecutive week, lowering borrowing costs for consumers and making homes more affordable.
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Lebanon, MO Man’s Utility Bill Higher Than Mortgage
Lebanon, MO Man’s Utility Bill Higher Than Mortgage
(Lebanon, MO) — Nearly everyone’s eyes are widening as they look at their utility bills this month.
Read more on KOLR – KSFX Ozarks
NDC Capital Partners Announces a Real Estate Co-Investment With Post Investment Group Acquiring a Distressed Mortgage …
NDC Capital Partners Announces a Real Estate Co-Investment With Post Investment Group Acquiring a Distressed Mortgage …
NEW YORK, NY–(Marketwire – 02/09/10) – NDC Capital Partners LLC (“NDC”) today announced a co-investment with Post Investment Group (“Post) for the discounted purchase of a distressed mortgage note secured by a 384 unit, Class B apartment complex located in Dallas, Texas. The property is currently 85% occupied and in good physical condition. This joint venture marks the fourth partnership …
Read more on Marketwire via Yahoo! Finance
Categories: mortgage meld Tags: Acquiring, Announces, Capital, CoInvestment, Distressed, Estate, group, Investment, mortgage, Partners, Post, Real
Generation Mortgage Grows Nearly 200 Percent in 2009
Generation Mortgage Grows Nearly 200 Percent in 2009
With overall wholesale reverse mortgage volumes down by six percent as recently reported by Reverse Market Insight, the Wholesale Division at Generation Mortgage Company⢠experienced an increase as the company closed 182 percent more Home Equity Conversion Mortgages in 2009 than in 2008, making the company the fifth largest reverse mortgage wholesale lender in the country.
Read more on PR Newswire via Yahoo! Finance
Categories: mortgage meld Tags: 2009, Generation, Grows, mortgage, nearly, percent
West Linn mortgage broker pleads guilty to bank fraud
West Linn mortgage broker pleads guilty to bank fraud
U.S Department of Justice officials say fraudulent loan applications cost banks more than $240,000
Read more on The Oregonian
GMAC May Give Funds to Mortgage Unit, Moody’s Says (Update1)
GMAC May Give Funds to Mortgage Unit, Moody’s Says (Update1)
Feb. 5 (Bloomberg) — GMAC Inc. , whose leader has called its money-losing mortgage unit “a millstone around the company’s neck,” may need to contribute more capital to the operation, according to Moody’s Investors Service.
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Mortgage investors try to regroup after meltdown
Mortgage investors try to regroup after meltdown
NATIONAL HARBOR, Md. — The financial wizards who concocted the complicated mortgage-linked investments that nearly brought down the world economy are trying to come back from the dead.
Read more on Washington Post