Mortgage Lenders

Dems resist requesting records for Friends of Angelo
Hot Air, MD
It's one of the most infamous chapters in the housing-market meltdown, but Democrats apparently don't want to shine on a light on Countrywide Mortgage's Friends of Angelo program. Rep. Darrell Issa (R-CA) sent written requests for the records to Bank …

House prices rise 1.2% and could continue if mortgage rates remain low
Fair Investment Company, UK
House prices have risen for the second time in three months, increasing by 1.2 per cent in May, the latest Nationwide House Price Index has revealed. And, "the recent moderation in price falls may continue" if low house prices and low mortgage rates …
House prices are rising Introducer Today
Yet More Evidence House Prices Are Turning Assetz News
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YMCA brings childhood back to Newburgh
Hudson Valley Press, NY
Michael Waters of Wells Fargo Mortgage and Campaign Co-Chair said "We hope to raise more than this year's goal of $48000 to provide scholarships to programs like summer camp, child care and teen activities to kids in our community, who otherwise would …

How Do We Prevent Financial Negligence?
Atlantic Online
Here's a sample from a subprime Countrywide Mortgage -Backed Security issued in 2004 (with Morgan Stanley as an underwriter): As a result of Countrywide Home Loans's underwriting standards, the mortgage loans in the mortgage pool are likely to …

Builders ask lenders to ease criteria for new homes
Times Online, UK
Peter Williams, of the Intermediary Mortgage Lenders Association, said: “Building firms are facing cashflow problems, so it is critical that these firms can sell homes quickly. But how can you encourage builders to produce more homes if there remains a …

Need to know: Cadbury sales growth … Marston's rights issue …
Times Online, UK
Mortgages: The Council of Mortgage Lenders said that gross mortgage lending fell by 2 per cent during May to £10.3 billion. This was down by 58 per cent compared with May last year. Bank lending: A report from the Bank of England said that bank lending …
Weak Credit Still Hampers UK Economy BusinessWeek
all 37 news articles

No Decent Explanation
KUSI, CA
My investigation shows GMAC Mortgage apparently ignored legally binding documents, then refused to talk to the homeowners about it. They took their money, sold their home, and left them on the street with no apology, and no decent explanation.

Business briefs
Hilton Head Island Packet, SC
SunTrust Mortgage added Matt Webster to its Hilton Head Island office as a loan officer. Webster has more than 20 years experience in the mortgage industry, most recently with Wachovia. He received his bachelor's degree from Furman University. …

Rather Than Their Heads, Obama Just Wants Some of Bankers' Skin
Atlantic Online
As Megan pointed out earlier, President Obama has announced a host of proposed measures to reform financial services. One of these measures is to force mortgage originators to have a little skin in the game. Specifically, mortgage originators would be …

Next To Nothing
KUSI, CA
Like many couples these days, they were living on the edge and facing foreclosure. But they thought they had a deal with their mortgage company to save their home. It turns out GMAC mortgage didn't honor that deal. Instead they took their home and left …

· Public records for June 10, 2009
Daytona Beach News-Journal, FL
Laura E. Downs, in excess of $15000; SunTrust Mortgage Inc. v. Jose A. Chacon, real property; JP Morgan Chase Bank NA v. Brian Dumas, real property; Deutsche Bank National Trust Co. v. Cheri Hughes, real property; Nationwide Mutual Fire Insurance Co. v …

ABWA scholarship banquet, meeting set for June 23 … and more
Maryville Daily Times, TN
Gaynelle Lawson, Citizens Bank of Blount County, will present "Senior Banking Issues," and Diana Miller, Wells Fargo Mortgage , will present "Reverse Mortgages." Blount County Mayor Jerry Cunningham will be present to sign a World Elder Abuse Awareness …

Loan Redos Get Tangled in Thicket of Red Tape
Wall Street Journal
Chase's mortgage business collects monthly payments and handles other chores on $1.5 trillion of mortgages. It owns about a fifth of those loans, having sold the rest to investors. Since October, the bank says it has prevented about 180000 foreclosures …

Fraud Enforcement Recovert Act of 2009 Closer to Becoming Law
Linex Legal, UK
The effect of these changes is to apply federal anti-fraud laws to currently unregulated institutions and private mortgage businesses such as Countrywide Home Loans and GMAC Mortgage , just as they currently apply to federally insured and regulated …

Nationwide mortgage range expanding for existing borrowers
Money High Street, UK
Nationwide mortgage director, Andy McQueen, said 'We are now offering a range of additional mortgage options for existing customers who are coming to the end of their deal. In some cases, borrowers will have the opportunity to fix their mortgage deal …
Nationwide raises mortgage rates with other lenders set to follow Bridging and Commerical
Return of the 95% mortgage as Nationwide offers deal for customers … Daily Mail
Nationwide announces new 95% LTV mortgages Bridging and Commerical
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