CHICAGO — Two real estate companies, a title company, an investment company and 37 people have been charged in mortgage fraud cases in the Chicago area that cost lenders $48 million, federal officials announced Tuesday. It was the third major batch …
WASHINGTON – Home sales in the United States may have finally hit bottom, new data shows, but a host of thorny problems are hindering any recovery. Sales of previously occupied homes rose by 2.4 per cent from April to May – the third monthly increase …
Promising to continue to make the investigation of mortgage fraud a priority, federal authorities in Chicago announced charges in five schemes on Tuesday that involved properties ranging from dilapidated houses on the South Side to pricey …
A growing number of American homeowners are falling into financial limbo: They’re badly behind on payments, but their banks have not yet foreclosed. The backlog of seriously delinquent mortgages, which so far affects about 1 million borrowers, is a …
–Special servicer rating at ‘CSS3+’. The primary servicer rating reflects the company’s continued ability to service loans in commercial mortgage-backed securities (CMBS) transactions. The master servicer rating is based on the company’s ability to …
NEW YORK (AP) – A key industry group on Monday slashed its estimate for mortgage volume by 27 percent because of higher interest rates and the slow start to the government’s refinance program. The Mortgage Bankers Association said it expects lenders …
CHARLOTTE, N.C. — The Better Business Bureau wants to warn you about a Charlotte mortgage consultant. A formal complaint has been filed against Michael Grieco, previous owner of Home Assure, a mortgage foreclosure rescue business. In the past 13 …
VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 23, 2009) – Abode Mortgage Corporation, a wholly owned subsidiary of Abode Mortgage Holdings Corp. (TSX VENTURE:ABD), announced today that it has renewed its existing $80 million revolving warehouse …
–Special servicer rating at ‘CSS3+’. The primary servicer rating reflects the company’s continued ability to service loans in commercial mortgage-backed securities (CMBS) transactions. The master servicer rating is based on the company’s ability to …
Mortgage approvals by the main high-street banks rose by an annual rate of almost 16 per cent last month, touching a 13-month high, according to the British Bankers’ Association. The BBA said a total of 31,162 loans were approved for house purchases …
