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News about Mortgages:
The Foundry sale delay asked - Pittsburgh Tribune ReviewThe bank that holds the mortgage on The Foundry shopping center plans to ask a Washington County judge today to delay a sheriff's sale on the subsidence-damaged property until March 6. The South Strabane property is scheduled to be sold Friday, but ...
Bailout mania: Where does it end? - Pittsburgh Tribune ReviewRead the headline of the page-one New York Times story on Sunday: "Citigroup pays for a rush to risk." The story detailed how laughably lax oversight led the banking giant ever deeper into the subprime mortgage abyss. But it's not Citigroup that's ...
Grand Strand banker hatches foreclosure plan - Charleston Post & CourierCapitol Hill and Wall Street are where most of the discussions are taking place over how to spend the $700 billion bank bailout money and how to develop a system to save homes from foreclosure. But there's someone in coastal South Carolina who's ...
Mortgage fraud suspects find little refuge - Pittsburgh Tribune ReviewFederal prosecutors in Western Pennsylvania are earning a reputation for tough treatment of those who commit mortgage fraud, even though the problem isn't as bad here as it is elsewhere. The district headed by U.S. Attorney Mary Beth Buchanan trailed ...
Register for FREE - Wall Street JournalANTIOCH, Calif. -- When the Federal Deposit Insurance Corp. seized control of IndyMac Bancorp -- the nation's 10th-largest mortgage lender by loan volume -- the agency vowed to ease terms for many of its troubled borrowers. In doing so, the FDIC ...
Sheriff's sale set for 10 of investor's holdings - Pittsburgh Tribune ReviewA Pittsburgh-based investor faces the loss of 10 properties -- most housing rental apartments -- in the city and nearby communities at a Dec. 1 Allegheny County sheriff's sale. R.A.E.D. Investments Inc. of Pittsburgh and Davin Investments Inc. are in ...
Feds launch mortgage aid effort - Rutland HeraldWASHINGTON — Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. The plan announced Tuesday by federal officials and mortgage giants Fannie Mae and Freddie Mac sounds ...
Realty One Going Green - BeaconWhere there is smoke, there is usually fire. That old adage came true on Saturday when Pittsburg-based Howard Hanna “officially” announced that they had indeed acquired Realty One. Five years ago, they bought out Northeast Ohio real estate giant ...
National City customers get reassurances from buyer - Sandusky RegisterConcerned about the stability of her longtime bank, Aretta Smith received a call from a National City spokesperson last week reassuring her that her money would be safe. The next day, she learned the bank had been sold. "That really got me," said ...
ACORN comes out swinging - San Francisco GateIn last night's debate, Sen. John McCain suggested that ACORN (Association of Community Organizations for Reform Now) was responsible for massive voter fraud that could destroy ''the fabric of democracy.'' Now the leaders of the community organizing ...
Today's Mortgage Terms starting with T
Term: The period of time in which a loan must be paid off.
Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.
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