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Witnesses: Mortgage lenders abusing court system (USA Today)
Mortgage lenders are abusing the bankruptcy court system by pursuing unjustified foreclosures against struggling homeowners, piling on questionable fees and misstating the amounts owed, witnesses alleged at a congressional hearing on Tuesday.
Fremont selling mortgage rights to Goldman affiliate (Reuters via Yahoo! Singapore News)
NEW YORK, May 8 - Fremont General Corp , which quit subprime mortgage lending last year, on Thursday said it agreed to sell its remaining mortgage servicing rights to Litton Loan Servicing LP, an affiliate of Goldman Sachs Group Inc .
2 Former Brooklyn Mortgage Executives Charged With Fraud (WNBC)
Federal prosecutors charged two former executives of a Brooklyn-based mortgage lender with conspiracy, wire and bank fraud Thursday.
Premarket roundup: Anworth Mortgage, Macrovision (AP via Yahoo! Finance)
Shares of Anworth Mortgage Asset Corp. climbed in premarket trading Thursday after an analyst upgraded shares of the real estate investment trust, citing its better-than-expected first-quarter profit.
Mortgage rates nearly unchanged in week (UPI)
WASHINGTON, May 8 (UPI) -- Interest rates for 30-year, fixed-rate mortgages declined in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday.
CNN Classroom Edition: Busted! Mortgage Meltdown (CNN.com)
(CNN Student News) -- Record the CNN Special Investigations Unit Classroom Edition: Busted! Mortgage Meltdown when it airs commercial-free on Monday, May 12, 2008, from 4:00 -- 5:00 a.m. ET on CNN. (A short feature begins at 4:00 a.m. and precedes the program.)
Mortgages: Little pressure on U.S. mortgage rates as housing stays weak (Market Watch)
Mortgage rates remain below their year-ago levels, though most were steady on a weekly basis.
Lawsuits over losses in U.S. mortgage market could hit a wall (International Herald Tribune)
Finding someone to sue over losses in the mortgage market and the credit crisis is easy. Winning in court, lawyers say, will be hard.
Fremont sells mortgage rights to Goldman affiliate (Reuters via Yahoo! Malaysia News)
NEW YORK, May 8 - Fremont General Corp , which is selling much of its operations after quitting subprime mortgage lending last year, on Thursday said it agreed to sell its remaining mortgage servicing rights to Litton Loan Servicing LP, an affiliate of Goldman Sachs Group Inc .
2 indicted in NYC over $44 million mortgage scheme (AP via Yahoo! Finance)
Two former owners of a defunct mortgage firm were charged on Thursday with stealing $44 million from Fannie Mae and forging paperwork in loan sales to Credit Suisse.
