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In this difficult economic time, distressed homeowners need to be wary of schemes that offer to help them for a substantial fee. Instead of paying $1,000 to $4,000 up front for "foreclosure rescue," homeowners can get help for free, either throu
California is the No. 1 state for mortgage fraud, according to the FBI's annual mortgage fraud report for 2008.
Seven Norwegian towns, some clustered around the Arctic Circle, have sued US banking giant Citigroup for more than 200 million dollars of losses plus damages linked to the sub-prime mortgage crisis, their lawyer said Tuesday.
WASHINGTON ? Call it son of subprime. Experts warn that a new wave of mortgage foreclosures may be coming soon and could rival the default rates for subprime mortgages and slow efforts to find bottom in a prolonged national housing slump.
The subprime mortgage company that brought Huntington Bancshares Inc. to its knees is pounding the pavement in an attempt boost collections on mortgages it services for the Columbus bank.
WASHINGTON -(Dow Jones)- A proposed new consumer protection agency would have vast powers to overhaul U.S. mortgage lending practices, upending current federal rules aimed at protecting home buyers.
Bank of America ?s chief executive, Kenneth D. Lewis, testified Thursday before the House Committee on Oversight and Government Reform, which is looking into his bank?s acquisition of Merrill Lynch . Mr. Lewis told lawmakers that he was pressured by the government to complete the deal.
June 5, 2009 (Associated Press) WASHINGTON - Angelo Mozilo, the man who rode the housing boom to build Countrywide Financial Corp. into a California colossus of high-risk mortgage lending, has been charged with civil fraud and illegal insider trading by federal regulators who accuse him of deceiving shareholders and profiting on confidential information.
Mortgage How to Get is an informational resource about mortgage news and information.