CMF investors leave court after a judge approves the company’s financial plan. Sengla Vanmanivong invested more than $100,000 with CMF. By Samantha Ptashkin ROCKFORD (WREX)- Commercial Mortgage and Finance’s fate rests in the hands of its creditors …
The Obama administration announced yesterday that it would loosen the eligibility requirements for a program aimed at helping borrowers with no equity in their homes to refinance into cheaper mortgages. Acknowledging that falling housing prices have …
Mortgage Link, the nationally branded mortgage advisory group, recently held its annual conference in Nelson and recognised its champion performers. At a time when the financial services industry is under significant pressure, the Mortgage Link group …
MCLEAN, Va., July 1 /PRNewswire/ — To help borrowers who have seen significant home price declines refinance their existing loans, the Obama Administration today announced the availability of loan-to-value (LTV) ratios up to 125 percent for Home …
NEW YORK, July 1 (Reuters) – Wall Street bond dealers more than tripled their businesses of restructuring risky residential mortgage-backed securities in the second quarter as the practice gains credence as a way to bolster portfolios. The dealers …
WASHINGTON, July 1, 2009 /PRNewswire-USNewswire via COMTEX/ — Beazer Homes USA Inc. has agreed to pay the United States $5 million, plus contingent payments of up to $48 million to be shared with victimized private homeowners, to resolve allegations …
WASHINGTON (Reuters) — Beazer Homes USA Inc. agreed to pay $5 million to the U.S. government and up to $48 million to private homeowners to settle allegations that it was involved in fraudulent mortgage activities, the Justice Department said …
Thirteen people have been indicted in connection with an alleged $9 million mortgage fraud scheme in Central Ohio, state Attorney General Richard Cordray said Wednesday. A Franklin County grand jury indicted a group of mortgage brokers, loan officers …
For San Diego, one of the big sticking points on the federal homeowner-help refinancing program has been a restriction on how far underwater borrowers can be. The plan announced in February was initially offered to homeowners whose mortgages were …
The Obama administration has expanded its plan to use government-controlled lenders Fannie Mae and Freddie Mac to help struggling mortgage borrowers with homes that are worth far less than they paid for them during the housing bubble
