Posted on Tuesday, 16th March 2010 by Mortgage Helper
A Haitian man was sentenced Monday to nearly 17 years in prison for leading a mortgage fraud scheme in Phoenix that authorities say cost banks about $9.5 million.
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Posted on Tuesday, 16th March 2010 by Mortgage Helper
Reporting from Washington – Legislation to be unveiled Monday by Senate Banking Committee Chairman Christopher J. Dodd to overhaul the financial regulatory system is likely to be more modest than either the Obama administration’s proposal last summer or a plan Dodd pushed last fall.
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Posted on Tuesday, 16th March 2010 by Mortgage Helper
A new report says the cost of owning a home in Canada increased slightly across all housing segments in the closing months of 2009.
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Posted on Tuesday, 16th March 2010 by Mortgage Helper
WASHINGTON – It took lawmakers a year to shape President Barack Obama’s health care bill.
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Posted on Tuesday, 16th March 2010 by Mortgage Helper
A new Consumer Financial Protection Bureau could examine any mortgage banking company, servicer or mortgage brokerage and take enforcement actions against those entities if the Senate passes a bill crafted by Banking Committee chairman Christopher Dodd, D-Conn.
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Posted on Tuesday, 16th March 2010 by Mortgage Helper
Securitizers of mortgages and other assets would have to retain at least 5% of the credit risk with some exceptions for loans that meet certain regulatory standards, according to a bill introduced by Senate Banking Committee chairman Christopher Dodd, D-Conn.
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Posted on Tuesday, 16th March 2010 by Mortgage Helper
Milestone Merchant Partners is now officially offering for sale a $20 billion package of residential servicing rights on behalf of the Federal Deposit Insurance Corp.
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Posted on Tuesday, 16th March 2010 by Mortgage Helper
The pace of permanent Home Affordable Mortgage Program loan modifications is now averaging roughly 50,000 a month with the cumbersome government program finally getting its legs.
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