 Seattle Times | Bellevue loan officer sentenced to 7 years for mortgage fraud Seattle Times, United States Bellevue loan officer Christopher Brooks, whose own attorney said he could be a "poster child" for the nation's mortgage mess, was sentenced Friday to seven years in federal prison and ordered to pay nearly $2.5 million in restitution for running what ... Mortgage fraud nets Bellevue man 7-year sentence Ex-loan officer sentenced to seven years for fraud Mortgage-fraud defendant sentenced to seven years in prison |
Archive for February, 2009
Bellevue loan officer sentenced to 7 years for mortgage fraud - Seattle Times
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Mortgage Insurance: Harder to Get - New York Times
 New York Times | Mortgage Insurance: Harder to Get New York Times, United States By BOB TEDESCHI PRIVATE mortgage insurance, known to many as PMI, is a necessary evil for borrowers who cannot afford the 20 percent down payment often required by lenders. But now, with losses mounting within the mortgage-insurance industry, ... |
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Some lenders blocking refinances if second mortgage isn't paid off - Seattle Post Intelligencer
Some lenders blocking refinances if second mortgage isn't paid off Seattle Post Intelligencer By HOLDEN LEWIS As homeowners try to refinance their mortgages at lower rates, their home equity lenders are telling them, "Not so fast." Home equity lenders are throwing roadblocks in front of their clients who want to refinance their primary ... Don't Let Debt Block Your Mortgage Refinancing |
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House prices put mortgages in reach - Seattle Post Intelligencer
House prices put mortgages in reach Seattle Post Intelligencer By AUBREY COHEN Nationwide home prices have fallen far enough, when combined with current low mortgage interest rates, to get payments back in line with wages, the chief economist for the National Association of Realtors said Friday in Bellevue. ... Expert: No big crash expected for Seattle housing market |
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Mortgages are bulk of troubled Citigroup assets - Reuters
Mortgages are bulk of troubled Citigroup assets Reuters NEW YORK, Feb 27 (Reuters) - Mortgage and real estate assets constitute more than two-thirds of the $300.8 billion Citigroup Inc (CN: Quote, Profile, Research) portfolio in which the government agreed to share in losses, the bank said on Friday. ... Citi's gov't covered assets are mostly real estate related |
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Fannie Mae Jan portfolio down; delinquencies jump - Reuters
 RTT News | Fannie Mae Jan portfolio down; delinquencies jump Reuters N: Quote, Profile, Research), the largest US home funding company, on Friday said its mortgage portfolio declined in January, while delinquencies on loans it guarantees accelerated in the previous month. The delinquency rate on conventional ... Fannie Mae Falls as Losses Pile Up Fannie Mae calls for more capital after $25.2bn loss Fannie Mae Releases January 2009 Monthly Summary |
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Mortgage deductions: Wealthy on the losing end - CNNMoney.com
 Inman.com | Mortgage deductions: Wealthy on the losing end CNNMoney.com Specifically, that would include slashing mortgage interest deductions for high-income taxpayers. The proposal would cap at 28% the tax break for itemized deductions. That would leave people in higher marginal tax brackets of 33% and 35% - the ... Mortgage interest tax deduction cut criticized Is Your Mortgage Deduction Under Fire? Mortgage interest plan riles Realtors |
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On Obama's mortgage-relief plan No region left behind - San Francisco Chronicle
.jpg) KCBS | On Obama's mortgage-relief plan No region left behind San Francisco Chronicle, USA One of the reasons why it was imperfect was that the qualifying mortgage limit to get loan modification assistance was opaque at best - leaving distressed homeowners in high-cost areas like the Bay Area wondering whether or not they'd be able to ... Speier plan would aid refinancing in Bay Area |
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Low Mortgage Rates a Mirage as Fees Climb, Eligibility Tightens - Bloomberg
Low Mortgage Rates a Mirage as Fees Climb, Eligibility Tightens Bloomberg 27 (Bloomberg) -- Brian Wickert, a mortgage banker in Butler, Wisconsin, prides himself on screening applicants carefully. That’s why he was stunned when a customer who sailed through four home loans tried to do a refinancing in January, ... |
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Heads up | Mortgage rates mostly rise - Kansas City Star
 The Money Times | Heads up | Mortgage rates mostly rise Kansas City Star, MO Falling property values, rising mortgage rates and stricter borrowing rules may keep potential buyers out of the market for much of 2008. The government will release existing home sales figures for May on June 26. Photographer: Tim Boyle/Bloomberg News ... Mortgage rates little changed US mortgage rates rose in latest week-Freddie Mac What to do when your mortgage application is rejected |
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