New York Sues 3 Big Banks Over Mortgage Database – New York Times

Attorney General Eric T. Schneiderman of New York sued three major banks on Friday, accusing them of fraud in their use of an electronic mortgage database that he said resulted in deceptive and illegal practices, including false documents in …
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Is mortgage industry running out of money? – The Vancouver Sun

The Canadian mortgage industry has long been lauded for its stable lending criteria and ability to hold the fort during the worldwide recession. Through the wonderful blue sky of 2.99-per-cent 5-year fixed money, however, is a storm of international and …
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Mortgage rates hit a record low – Yahoo Finance

Just one day after President Obama detailed a proposal to enable millions of homeowners to refinance to record-low mortgage rates, those rates notched another record. The 30-year, fixed rate fell to an average of 3.87% and the 15-year fixed …
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Mortgage rates fall to new lows (again) – CBS News

It happened again: mortgage rates hit new lows this week, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) released Thursday. Frank Nothaft, vice president and chief economist at Freddie Mac, attributes the decline in …
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Capstead Mortgage’s Earnings Report Bodes Well For Agency REIT Peers – Seekingalpha.com

On Wednesday, February 1, 2012, Capstead Mortgage Corporation (CMO) reported results for the fourth quarter of 2011. Capstead is a Mortgage Real Estate Investment Trust. Capstead reported net income of $41,968,000 or $0.43 per diluted share for …
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Exclusive: Mortgage deal would give states enforcement clout – YAHOO!

(Reuters) – A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday. Under the settlement, which states …
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Mortgage Deal Would Give States Enforcement Clout – International Business Times

(Reuters) – A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday. Under the settlement …
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