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Mortgage NewsMortgageRepossession numbers have not been this high since the early 1990s and, in a sign that the problem is likely to get worse, official figures revealed a sharp rise in home owners falling behind with their mortgage payments. The figures come as ... Read moreMore than 120 people evicted every day, Council of Mortgage Lenders ... - Daily TelegraphWASHINGTON (AP) _ Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday season. The two companies said Thursday that they will halt foreclosure sales between Nov. 26 and Jan ... Read moreFannie, Freddie to halt foreclosures while evaluating borrowers for ... - Chicago TribuneRaymond James Financial Inc. wants to be part of the federal government’s $700 billion financial program. The company has applied to participate in the sale of preferred shares to the U.S. Treasury Department through the capital purchase program ... Read moreRaymond James applies for federal funds - Tampa Bay Business JournalNEW YORK - A restructuring expert overseeing the liquidation of Lehman Brothers will replace Richard Fuld as chief executive on Dec. 31, Lehman lawyer Harvey Miller said Thursday. Chief Restructuring Officer Bryan Marsal of Alvarez & Marsal has been ... Read moreSuccessor named for Lehman CEO - Orlando SentinelNEW YORK (AP) ― Citigroup Inc has begun talks with the U.S. government as its plummeting share price raises doubts about the bank's ability to survive, a person familiar with the matter told Reuters. The bank reportedly met with officials from the ... Read moreCiti Reportedly In Talks With Fed As Shares Dive - WBZ-TVThe average rate for a conventional 30-year fixed mortgage on a owner-occupied, single-family home with 20 percent down on Friday afternoon was 6.125, which is down slightly for the week from Monday's rate of 6.25 percent, Sarasota's Sentinel ... Read moreBusiness briefs: Week brings drop in 30-year mortgage - Herald TribuneA DISGRACED former director of a Suffolk mortgage advice firm who “exposed consumers to substantial risks” has been handed a suspended prison sentence in the first prosecution of its kind in the country. Simon Gray, of Norton, near Bury St ... Read moreMortgage advisor sentenced for forgery - East Anglian Daily TimesRepossession numbers have not been this high since the early 1990s and, in a sign that the problem is likely to get worse, official figures revealed a sharp rise in home owners falling behind with their mortgage payments. The figures come as ... Read moreMore than 120 people evicted every day, Council of Mortgage Lenders ... - Daily TelegraphWASHINGTON (AP) -- Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in ... Read moreFederal regulators shut 2 California thrifts - Charleston GazetteFederal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in Newport Beach, and ... Read more |
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