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Archive for the ‘Immobilier RealEstate USA’ Category

Want a second mortgage?

Vendredi, novembre 9th, 2007

WASHINGTON - The common practice of homebuyers with shaky credit taking out second mortgages for downpayments is ending because there’s no investor demand for securities backed by such loans. The availability of second-mortgage financing for subprime borrowers has all but disappeared, according to a trade publication’s survey last month of more ...

How to Sell in a Down Market And Get a Deal on a New Home

Lundi, octobre 8th, 2007

Going, Going, Even Auctions Aren't Moving Homes Builders and real-estate agents are turning to auctions to get rid of excess homes on the market, with mixed success. The Orlando Sentinel reports on an auction held at the DeBary Golf & Country Club that was called off because the builder, Lakeside ...

Washington Mutual Calls For Mortgage Disclosure

Lundi, octobre 8th, 2007

NEW YORK -- Washington Mutual Inc., the U.S.'s sixth-largest home-mortgage lender in terms of volume, is asking mortgage brokers it works with to provide more information to borrowers. The move comes as lenders as well as brokers are facing pressure from lawmakers and consumer-advocacy groups to beef up customer disclosures, which ...

Democrats Propose Mortgage Aid

Lundi, octobre 8th, 2007

WASHINGTON -- Expressing concern that turmoil in the mortgage markets will get worse, the chairman of a House committee overseeing the banking industry said Fannie Mae and Freddie Mac should be allowed to do more now to ease the credit crunch. House Financial Services Committee Chairman Barney Frank (D., Mass.) said ...

FHA Loan refinance upswing may be on the horizon

Dimanche, octobre 7th, 2007

Mortgage activity tumbled for the second straight week, according to a survey released today by the Mortgage Bankers Association (MBA). The MBA's weekly report provides a snapshot of how many Americans in one week, as compared to the previous, applied for a mortgage to either purchase a home or refinance ...

Two plead guilty in So Cal condo scam

Jeudi, octobre 4th, 2007

On August 28, 2007 United States Attorney for the Southern District of California, Karen P. Hewitt announced that Rollo Richard “Rick” Norton II and Scott Greer pled guilty today in federal court in San Diego to a felony charge of mail fraud, arising from their participation in a scheme to ...

Mortgage broker pleads guilty in fictious repair scam that defrauded lenders

Jeudi, octobre 4th, 2007

In the following press release Edmund A. Booth, Jr., United States Attorney for the Southern District of Georgia, announced today that Daniel Goodwin, a mortgage broker in Augusta, Georgia, entered a guilty plea today in U.S. District Court in Augusta before U.S. District Judge Dudley H. Bowen, Jr. Goodwin, age ...