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Financial News
Recognizing a Mortgage Scam - CNBC
Parsing the merits of helping consumers trapped in bad mortgages, with Howard Glaser, former counselor to HUD secretary; Armando Falcon, for... Santander to Buy B&B Assets The UK government agreed to take over Bradford and Bingley's mortgage book ...

The Mortgage Rescue Plan - CNBC
Parsing the merits of helping consumers trapped in bad mortgages, with Howard Glaser, former counselor to HUD secretary; Armando Falcon, for... More Writedowns to Come: Analyst Even if the bailout plan is passed, there will be continued writedowns on ...

Howard Brown was another HBOS credit crunch victim - Daily Telegraph
But had more attention been paid to his fortunes, analysts might have been in a better position to predict the seismic events that shook The City yesterday. Reports earlier this year that Mr Brown, the entertaining or irritating (depending in your ...

Howard Kurtz - Washington Post
Howard Kurtz has been The Washington Post's media reporter since 1990. He is also the host of CNN's "Reliable Sources" and the author of "Reality Show: Inside the Last Great Television News War," "Media Circus," "Hot Air," "Spin Cycle" and "The ...

Mortgage Lending Hits Three-Year Low in Britain - BusinessWeek
The August drop reflects the depressed level of house sales—half last year's figure—and deep disquiet about the future Mortgage lending sunk to a three year low during August with just £21.8 billion advanced, the Council of Mortgage Lenders said ...

12 indicted in Atlanta mortgage fraud scheme - Atlanta Journal Constitution
Local authorities said Monday they charged 12 men with an elaborate mortgage fraud scheme in Atlanta’s West End neighborhood and seized more than $200,000 of assets. In indictments filed last week, Fulton County District Attorney Paul Howard Jr ...

WaMu deal may wait for details of mortgage bailout - Seattle Times
Washington Mutual reportedly went up for sale earlier this week. If regulators at the Federal Deposit Insurance Corp. are pushing it to sell, a deal could be announced as early as this weekend. Washington Mutual may have gained a reprieve from being ...

Mortgage lending hits three year low - The Independent
Mortgage lending sunk to a three year low during August with just £21.8 billion advanced, the Council of Mortgage Lenders said today. The CML blamed the slump on the "exceptionally low" housing market turnover, which has seen transactions drop by ...

Mortgage giants were blind to the bubble - Globe and Mail
WASHINGTON — Mortgage giants Fannie Mae and Freddie Mac – despite their robust cadre of economists and mortgage experts – failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies – particularly ...

Former Club Owner Sentenced in Scam: Man to Pay Millions for Mortgage ... - Washington Post
The former owner of a group of Washington area nightclubs and restaurants was sentenced yesterday to nearly six years in prison for orchestrating a mortgage fraud scheme that investigators said was one of the largest ever prosecuted in Northern ...

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Today's Mortgage Terms starting with J

  • Jumbo Loan: A mortgage over the $300,700 limit established by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. A jumbo mortgage tend to carry a higher interest rate than a conventional mortgage.
  • Junior Mortgage: A mortgage subordinate to the claim of a prior lien or mortgage. In the case of a foreclosure, a senior mortgage or lien will be paid down first.
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