Mortgage News

A once high-flying Goldman Sachs trader dubbed "Fabulous Fab" was ordered Wednesday to pay more than $825,000 in one of the prominent cases stemming from the mortgage meltdown that helped spark the Great Recession.

Federal prosecutors say a New York-based investment bank and broker-dealer has agreed to pay $25 million in penalties for misleading customers when it came to trading in residential mortgage-backed securities.

After more than two and a half years of court proceedings, the 35-year-old pled guilty to fraudulently getting his hands on 1,287,955 for two mortgages.

State lawmakers are considering a proposal aimed at softening the impact of new federal flood insurance rules on many coastal homeowners.

California approved a $10 million mortgage reserve program to make PACE energy efficiency programs more bankable for homeowners and property owners via property tax payments.

In this photo taken on March 7, 2014, police tape is seen outside a home in Pontiac, Mich., where the mummified body of a woman was found in the garage DETROIT - The family of a woman whose mummified body likely was found in a suburban Detroit garage had tried for years to find her and even reached out to police to check the home, relatives said ... (more)

Builders Capital Mortgage Corp. announced today that it has appointed Victor P. Harwardt, BA, LLB, to its Board of Directors.

Bank of England governor Mark Carney has said the economy will move from recovery to expansion this year but insisted interest rate rises will be gradual as Britain continues to face "extraordinary times" for many years.

It's way too easy for anyone to pretend to be someone else. When hiring, make sure you use identity proofing measures so you don't get scammed.

The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac that they said would continue to provide access to long-term, fixed-rate mortgages.

There's a new twist in the story of a woman who dropped out sight in 2008 and whose body was believed to have been discovered in a mummified state in the garage of her Pontiac, MI, home last week.

March 11th, 2014 - Third Squad detectives report the arrest of a Dix Hills man on March 10, 2014 at 11:11 am in Hempstead.

In March 1989, British scientist Tim Berners-Lee published a paper proposing an "information management" system for his laboratory.

Prime Minister John Key has claimed a potential clash with the G20 Summit in Australia is behind his decision to set the election two months earlier than usual, but his political rivals say he is going early to avoid a voter backlash from rising power prices and mortgage-rate hikes.

By the end of March, the two mortgage-finance companies that were seized by the U.S. in 2008 will have returned $202.9 billion in dividend payments, after receiving $187.5 billion in federal support between 2008 and 2011.

Abandoned homes riddle the country road where Jocelyn Shockley and her family live just of west of Zanesville.

Five years after the federal government bailed out more than 1 million struggling homeowners, many who got the relief may end up losing their homes after all.

A Henderson man has been sentenced to more than 4 years in prison and ordered to pay more than $800,000 in restitution in a mortgage fraud scheme.

Canada Mortgage and Housing Corp. says the pace of housing starts picked up last month, ending a string of modest declines that began in November, but it appears the longer-term trend remains flat.

Servicing becomes more of a shadow industry : The government, unimpressed by banks' previous handling of troubled mortgage loans, has been pushing banks out of the mortgage-servicing industry.