Mortgage News

Here's a news release from DFI about a couple of companies possibly operating loan modification schemes.

Standard & Poor's said Wednesday that regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial mortgages.

A federal judge sentenced a former Wall Street trader to two years in prison on Wednesday for securities fraud, saying he took advantage of a government bailout program.

Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged.

A California man who recruited straw buyers for a Myrtle Beach area mortgage fraud scheme has been sentenced to five years in prison, according to federal court records.

The Commonwealth Bank has slashed its five-year fixed mortgage rate to a new record low of 4.99 per cent but borrowers should watch out for fees.

The Dorchester Prosperity Center in Summerville is holding the Wednesday event, working with the Trident United Way, Palmetto Goodwill and Family Services, Inc. The groups held a similar workshop last month and because of the large number of people who attended, a second session was organized.

Marlboro man pleads guilty to mortgage fraud Paul Chemidlin, 42, of Marlboro pleaded guilty to information charging wire fraud and distributing and possessing methylone.

Bank of America veteran Steve Boland has been named the new home-loans origination executive for the Charlotte-based bank, filling a newly created position overseeing sales and fulfillment nationwide.

Robert "Rod" Aslesen, 65, of Little Canada, as well as Thomas Rosensteel of Excelsior, Justin Christenson of East Bethel and Dale Wurzinger of Burnsville, allegedly "devised and executed a scheme to defraud mortgage lenders" according to an indictment filed July 9 in U.S. District Court.

Total existing home sales jumped 2.6 percent in June to a seasonally adjusted rate of 5.04 million.

The National Association of Realtors said Tuesday that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes.

The National Association of Realtors says that sales of existing homes increased 2.6 percent to a seasonally adjusted annual rate of 5.04 million homes.

JPMorgan Chase & Co has begun to provide the debt forgiveness and other help to struggling homeowners under last year's $13 billion accord with federal and state authorities, though it has only turned over a handful of details, a monitor of the deal said in a report released on Tuesday.

KofaxA Limited , a leading provider of smart process applications for the business critical First Milea of customer interactions, today introduced Kofax Mortgage Agilitya , a solution designed to radically transform and simplify the mortgage application process.

Denver-based Real Estate Strategies , a brokerage firm, closed the sale of more than 1,300 mortgage notes with an average un-paid balance of $75,000, with a new solution that is designed to address lower balance mortgages.

Just 3% of those buying property in June were aged 18 - 30, according to the National Association of Estate Agents , the lowest it has ever recorded.

Yomary Blanco cleans rooms at Trump Plaza, one of three Atlantic City casinos that could shut down by September.

The probe by the Senate Permanent Subcommittee on Investigations will be the subject of a daylong hearing on Tuesday and also spells more trouble for the embattled Internal Revenue Service.

The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.025 percent, unchanged from last week.