Wachovia, Golden West Loans Probed by U.S. Prosecutor (Update1) (Bloomberg)
Nov. 19 (Bloomberg) -- U.S. prosecutors and the Securities and Exchange Commission opened an investigation into whether Wachovia Corp. misled borrowers and investors, San Francisco U.S. Attorney Joseph Russoniello said.
Read more...
Mortgage applications near 8-year low, although rates slip (USA Today)
Applications for home mortgages declined last week, with loans for purchases of single-family homes falling to their lowest level in nearly eight years, an industry group said Wednesday.
Read more...
Government to expand rules for mortgage help program (Los Angeles Times)
WASHINGTON -- The government will let more borrowers qualify for a new $300 billion program that lets troubled homeowners swap risky loans for more affordable ones, a Bush administration official said today. Department of Housing and Urban Development Secretary Steve Preston announced changes that aim to expand participation in the new "Hope for Homeowners" program.
Read more...
Mexico Housing Fund Infonavit Plans 500,000 Mortgages In 2009 (Nasdaq)
MEXICO CITY -(Dow Jones)- Mexico's federal housing fund Infonavit said Wednesday that it plans to make 500,000 mortgage loans in 2009, unchanged from this year as the global financial crisis is expected to limit the institution's ability to raise funding in capital markets.
Read more...
Attorneys question Mortgages Ltd. settlement (The Arizona Republic)
Attorneys questioned whether a settlement between Mortgages Ltd. and a condo developer is necessary.
Read more...
|
