A celebrity chef was planning the menus, brides were negotiating room rates and 250 staffers were on the payroll. But four months before Hotel Monroe was scheduled to open, its lender went bankrupt. Now it could be at least a year before the 150-room Read More
We have seen the banks collapse […]

Mortgages Rise SlightlyWall Street Journal - Jun 26, 2008WASHINGTON — Home-mortgage rates drifted up this week, with adjustable-rate mortgages climbing the most, Freddie Mac reported Thursday. …

Read More…

Embattled lender looks to Sarver's companyArizona Republic, AZ - 17 hours ago29, 2008 12:00 AM Financing from Phoenix Suns majority owner Robert Sarver's real-estate company could help bankrupt Mortgages […]

Everywhere you turn, the news on the economy seems dire. Oil prices are through the roof, home prices are through the floor, the stock market’s plunging, and the entire U.S. economy seems shaky. Here’s a look at what’s going on, why and when we’ll Read More
NEW YORK June 29, 2008, 02:51 […]

Shaky loans on lenders’ books are rising at a faster pace than the reserves that banks are setting aside to cover potential losses. In Illinois, 45 percent of banks and thrifts with non-performing loans don’t have enough reserves to cover those Read More
When Congress started fashioning a sweeping rescue package for […]

FORECLOSURE FUND: Offer up to $10 billion in government-backed mortgages for homeowners with burdensome post-2005 subprime loans on their primary residence. They would be eligible for new, manageable 30-year fixed-rate mortgages that reflect a home’s Read More
Shareholders of Countrywide Financial have voted for Bank of America ’s estimated $3 billion takeover […]

State charges five with mortgage fraudBoston Globe, United States - 18 hours agoState investigators yesterday said they broke up a mortgage fraud ring that involved bank employees creating fictitious or inflated account balances that …Massachusetts charges five in mortgage scam ReutersAG Coakley indicts five, including bankers, in alleged mortgage scam Bizjournals.comFive indicted for mortgage fraud Worcester TelegramMetroWest […]

What's next? Projects' future unclear after Mortgages Ltd. files …Bizjournals.com, NC - Jun 27, 2008Now that Mortgages Ltd. has filed for Chapter 11 bankruptcy reorganization, there are questions in the real estate community about what might happen to some …

Read More…

Editorial: California must lead, not follow, on mortgagesSacramento Bee,  USA - 15 hours agoThe current home mortgage […]

Mortgages: cost of fixed-rate deals risesTelegraph.co.uk, United Kingdom - 19 hours agoBy Daily Telegraph reporter Three major lenders have put up their mortgage rates as the cost of fixed-rate deals continued to rise. …

Read More…

Home Move

House sales tumble as mortgages dry upTelegraph.co.uk, United Kingdom - 19 hours agoSales of homes below £200000 in London fell by more than […]

Five indicted in alleged mortgage fraudBizjournals.com, NC - 10 hours agoThe eight-count indictment handed up Thursday alleged that the group "schemed to defraud mortgage lenders by submitting fraudulent loan applications in the …Attorney: 5 Charged In Mortgage Fraud Case KCRA.comall 7 news articles

Read More…

Mortgages Rise SlightlyWall Street Journal - Jun 26, 2008WASHINGTON — Home-mortgage rates drifted up […]

WASHINGTON (AP) - The Investment Company Institute spent almost $1.6 million in the first quarter to lobby on measures to address the housing and credit crises, and other issues, according to a recent disclosure form. The trade group lobbied on Read More
Massachusetts securities regulators levied civil charges of fraud and dishonest […]