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News about Mortgages:
Mortgage fraud still soaring - CNN MoneyNEW YORK (CNNMoney.com) -- With the housing market in turmoil and lending standards tougher than ever, you'd think that the kind of unscrupulous activity that helped plunge the industry into crisis would be a thing of the past. You'd be wrong ...
Calabasas fire scorches at least 60 acres - Los Angeles TimesA fast-moving brush fire fueled by winds has consumed at least 60 acres in Calabasas and is 60% contained, said Los Angeles County Fire Inspector Frank Garrido.
Report: FBI saw mortgage crisis coming in '04 - Los Angeles Times BlogsAn FBI official recognized the gathering mortgage crisis as far back as 2004, and predicted confidently that the FBI could prevent the problem from growing as costly as the S&L crisis, the Los Angeles Times reports Monday. From The Times: "Long ...
2 plead not guilty to data scam at Countrywide - Houston ChronicleLOS ANGELES — A former senior analyst for Countrywide Home Loans and another man have pleaded not guilty in an alleged scam to download and sell customer data from the mortgage lender. Ex-Countrywide employee Rene L. Rebollo Jr. of Pasadena and ...
Fitch Affirms ML-CFC Commercial Mortgage Trust 2006-1 - Forbes--$36.6 million class A-1 at 'AAA'; --$337.5 million class A-2 at 'AAA'; --$66.1 million class A-3 at 'AAA'; --$105.1 million class A-3FL at 'AAA'; --$75 million class A-3B at 'AAA'; --$121 million class A-SB at 'AAA'; --$489.5 million class A-4 at ...
FBI saw threat of mortgage crisis - Los Angeles TimesWASHINGTON -- Long before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling, if little-noticed, prediction: The booming mortgage business, fueled by low interest rates and soaring home values, was ...
Foreclosures ensnare low-income renters - Los Angeles TimesRuth Cordoba has never owned a home, but she is feeling the effects of the mortgage meltdown acutely. Cordoba, 28, rented a three-bedroom home in Riverside for six months with the help of so-called Section 8 funds, money provided by the federal ...
Glimmers of good news in housing reports - San Diego Union-TribuneNEW YORK – While no one is ready to call the bottom of the worst housing collapse in decades, there were glimmers this week that the severity could be waning. Reports Tuesday showed the glut of newly built homes on the market fell to a five month ...
FBI Official Warned Of Mortgage Fraud As Early As 2004 - All Headline NewsWashington, D.C. (AHN) - A top NBI official warned of the proliferation of shady mortgage operators and potential losses in billions of dollars as early as 2004, but his omen was ignored. Chris Swecker, the FBI official in charge of criminal ...
Weariness with Iraq at center of congressional race between veterans - International Herald TribuneBUCKS COUNTY, Pennsylvania : Patrick Murphy is the only Iraq war veteran in Congress, so when he argues for a swift withdrawal of U.S. troops, people tend to listen. But Murphy, a Democrat, is now hearing a dissenting voice in his district in ...
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