Archive for August, 2010

NJ mortgage broker accused of applications fraud – Philadelphia Daily News

NEWARK, N.J. – A New Jersey mortgage broker and former head of the Bergen County Improvement Authority has been indicted by a federal grand jury on charges of preparing fraudulent mortgage applications. Forty …
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Mortgage rates hit low of 4.36 percent for 30-year fixed loans – San Jose Mercury News

NEW YORK (AP) — Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening. Mortgage buyer Freddie Mac said Thursday that the average …
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Mortgages: Just Walk Away?


A rising number of homeowners are simply walking away from their under-water mortgages. Michael Menatian, of Sanborn Mortgage Corp., and real estate attorney Shari Olafson discuss the trend and its implications.
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Economists expect foreclosures to grow


Mortgage rates are at their lowest levels in decades but the housing market is still reeling from disappointing sales figures and a startling delinquency rate. CNBC’s Diana Olick diccusses. (Other) Foreclosure – U.S. Housing Market – Business – Mortgage – Financial Services
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Refinancings soar as mortgage rates remain low – Republic

We also have more stories about: (click the phrases to see a list) For anyone under the age of 57, mortgage rates are now the lowest they’ve been during your life. This fact isn’t lost on a growing number of …
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Fed’s Bullard-leave mortgage market to private sector – Reuters

ST. LOUIS Aug 30 (Reuters) – The market mortgage market should be left to the private sector as much as possible, rather than remain dominated by government-owned entities, a top Federal Reserve official said …
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The Big (For-Profit Education) Short


Steve Eisman of “The Big Short” and subprime mortgage fame is adding Strayer Education to his list of for-profit colleges that he’s shorting. CNBC’s Herb Greenberg has the details. (CNBC) CNBC – Herb Greenberg – For-profit school – United States – Subprime lending
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