Dustin Walsh and Tom Henderson - The Chapter 11 bankruptcy of Residential Capital LLC , the home mortgage subsidiary of Detroit-based Ally Financial Inc.
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ResCap's Chap. 11 may bring boost
Posted by mortgage 2 days ago (Editorial)RBC, Credit Suisse among bidders for BofA wealth units: sources
Posted by mortgage 6 days ago (Editorial)
SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada and Credit Suisse are among suitors who have put in initial bids to buy the non-U.S. wealth management business of Bank of America in a deal that could be worth about $2 billion, sources said. Swiss bank Julius Baer was also keen to bid for some of BofA's units in Europe, the Middle East, Latin America and Asia excluding Japan, the sources
Fifth lender joins government mortgage scheme
Posted by mortgage 8 days ago (Editorial)
A fifth bank has joined the government?s mortgage indemnity programme for buyers of new-build homes.
Four in East Bay senior home mortgage fraud scheme receive prison sentences
Posted by mortgage 10 days ago (Editorial)
Four people involved in a mortgage loan fraud scheme centered in central Contra Costa involving at least 20 properties and more than $20 million in loans were sentenced Thursday to between 18 and 30 months in prison.
?NeighborhoodLIFT? Program to Boost Florida Housing Market with $30 Million Investment
Posted by mortgage 12 days ago (Editorial)
Wells Fargo & Company , one of America?s leading community banks and the nation?s largest home mortgage lender, today announced that the NeighborhoodLIFTSM program, a major effort to help stabilize neighborhoods deeply affected by the foreclosure crisis, is coming to Florida.
New lender joins mortgage scheme
Posted by mortgage 37 days ago (Editorial)
A fourth bank has signed up to the government?s Newbuy mortgage indemnity scheme, just weeks after the project came under fire for its failure to attract enough lenders.
Mother, Son Going To Prison For Mortgage Scheme
Posted by mortgage 45 days ago (Editorial)
A federal judge in Knoxville has sentenced a mother and son to prison in a home mortgage scheme.
Mother, son going to prison in mortgage scheme
Posted by mortgage 46 days ago (Editorial)
KNOXVILLE, Tenn. ? A federal judge in Knoxville has sentenced a mother and son to prison in a home mortgage scheme.
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