Mortgage News

US default could be doomsday option for economy

17:29:59 | 23/04/2011 - Source: Kansas City Star

The United States has never defaulted on its debt and Democrats and Republicans say they don't want it to happen now.

Vegas Man Arrested In Mortgage Fraud Case

15:30:12 | 23/04/2011 - Source: KXNT-AM Las Vegas

A former longtime Las Vegas mortgage officer is accused of defrauding distressed homeowners trying to refinance or adjust home mortgages, and of unlawfully collecting Social Security disability benefits for 20 years.

Skytop Center to re-open later this year

11:15:43 | 23/04/2011 - Source: Rome News - Tribune

The Ramada Skytop, formerly the Holiday Inn Skytop, which closed its doors in 2009, was the last hotel in Rome with a lounge that serves alcohol.

Treasury reports $1.7 billion profit in investment funds set up during financial crisis

07:11:06 | 23/04/2011 - Source: Fox 8 - WJW

The Treasury Department said Friday that an investment program set up during the financial crisis to buy toxic assets from banks is showing a $1.7 billion gain.

Mortgage costs 'lower than renting'

02:56:36 | 23/04/2011 - Source: Bearsden Today

Buying a home is now more affordable than renting a property, according to newly released figures.

Prince settles foreclosure crisis

22:47:03 | 22/04/2011 - Source: WIAT-TV Birmingham

Singer/musician Prince makes an announcement at The Apollo Theater on October 14, 2010 in New York City.

Building industry backs Labour plan

18:42:27 | 22/04/2011 - Source: Fraserburgh Herald

Senior figures in the construction industry have backed Labour's pledge to help 2,000 first-time buyers on to the housing market.

Simplified mortgage terms due soon

14:33:05 | 22/04/2011 - Source: WTVF Nashville

Consumers and lenders will get their first look at a new, simplified mortgage disclosure form next month, the acting head of the Consumer Financial Protection Bureau said on April 18th.

Obama's deficit plans run into economic reality

10:18:27 | 22/04/2011 - Source: KLAS-TV Las Vegas

President Barack Obama came to the West Coast looking to sell a long-term plan for reducing the nation's deficit.

Proposed rule requiring 20 percent down on a house draws opposition

06:10:06 | 22/04/2011 - Source: Post-gazette.com - Business

A proposed rule intended to prevent the kind of reckless lending and borrowing that heaped so many toxic mortgages into the marketplace in recent years has alarmed some groups, who argue the unintended consequences could worsen the nation's housing troubles.

Rate on 30-year mortgage falls to 4.80%

01:54:15 | 22/04/2011 - Source: Cleveland.com

The rate on the 30-year mortgage fell last week, staying below 5 percent. But low rates have done little to lift the struggling housing market.

SunTrust names William Rogers new CEO

21:44:56 | 21/04/2011 - Source: South Florida Business Journal

SunTrust Banks Inc. named James M. Wells III executive chairman and promoted William H. "Bill" Rogers Jr.

For-profit colleges fighting back hard

17:29:51 | 21/04/2011 - Source: CNN

It's no secret that prominent short-seller Steve Eisman has been outspoken against the for-profit education sector, and he has the ear of lawmakers and the Department of Education.

After Financial Crisis, Wheels Of Justice Slow

13:25:25 | 21/04/2011 - Source: NPR

Yellow tape hangs on a fence during a protest outside the New York Stock Exchange last December.

E-Trade posts first-quarter profit as it sets aside less money for bad loans

09:20:42 | 21/04/2011 - Source: Fox 8 - WJW

Online discount broker E-Trade Financial Corp. on Wednesday posted a first-quarter profit that beat Wall Street estimates as it set aside less money to cover bad loans.