Two powerful Senate Democrats said Tuesday that they knew they got low mortgage-rate deals in a lender’s VIP program but thought the special treatment was a “courtesy” or the same as “frequent flier” discounts. Both vehemently denied any wrongdoing …
Two powerful Senate Democrats said Tuesday that they knew they got low mortgage-rate deals in a lender’s VIP program but thought the special treatment was a “courtesy” or the same as “frequent flier” discounts. Both vehemently denied any wrongdoing …
Not everyone can get the VIP deal on a mortgage that Democratic senators Christopher Dodd, of Connecticut, and Kent Conrad, of North Dakota, allegedly received. They got below-market rates on Countrywide loans, according to recent testimony. For the …
PennyMac is preparing to go public to raise $400 million to help it buy portfolios of bad mortgages. Twenty million shares are expected to price today at $20 a share, higher than previous estimates, and start trading tomorrow under the ticker PMT …
Federal rules aimed at taking surprises out of mortgage shopping will kick in Thursday, from changes that could affect the closing date to disclosures of estimated borrowing costs. Under the Mortgage Disclosure Improvement Act passed by Congress last …
WASHINGTON, July 29 (Reuters) – Weak demand for new civilian aircraft and defense equipment pulled U.S. orders for costly durable goods down in June but the underlying trend toward an improved pace of manufacturing activity continued. Commerce …
PennyMac is preparing to go public to raise $400 million to help it buy portfolios of bad mortgages. Twenty million shares are expected to price today at $20 a share, higher than previous estimates, and start trading tomorrow under the ticker PMT …
WASHINGTON – The House took emergency steps Wednesday to keep vital federal programs from going broke while Congress is absent next month, removing the threat that people would lose their unemployment checks or chances to get a low-interest housing …
LOS ANGELES (AP) – The Securities and Exchange Commission has charged four people and a Phoenix-based company with securities fraud for orchestrating a mortgage lending scam that raised nearly $200 million from investors. The civil complaint filed in …
The number of mortgages approved for house purchase in the UK hit a 14-month high in June, Bank of England figures showed. The number of mortgages approved rose to 47,584 in June, the largest number since April of last year and up from 44,169 in May …
