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Mortgage Loans Newsmortgage loansWHEATON, Ill. - (Business Wire) First Trust/FIDAC Mortgage Income Fund (the "Fund") (NYSE: FMY) today declared the Fund’s regularly scheduled monthly distribution payable on December 12, 2008 to shareholders of record as of December 3, 2008, with ... Read moreFirst Trust/FIDAC Mortgage Income Fund Declares Monthly Common Share ... - EarthtimesMortgage lending rose by nearly 7% during October but it remained well down on 12 months ago, figures show. A total of £18.7 billion was advanced during the month, compared with just £17.5 billion during a "weak" September, the Council of Mortgage ... Read moreMortgage lending increases by 7% - Guardian Unlimited--The primary servicer rating for Subprime product affirmed at 'RPS1;' --The primary servicer rating for Alt-A product affirmed at 'RPS1;' --The special servicer rating affirmed at 'RSS1'. The servicer rating affirmations are based on the continued ... Read moreFitch Affirms HomEq's Resi Servicer Ratings - PR InsideFDIC Chairwoman Sheila Bair remains “optimistic” that the government will back her mortgage modification proposal with federal bailout money, she said Thursday, despite the Treasury Department’s public opposition to the proposal. Bair ... Read moreFDIC’s Bair still hopeful for federal bailout of mortgages - Maryland Daily RecordDUBAI: Dubai’s property sector suffered a series of blows this week after brokers confirmed a rise in distressed sales, a real estate guide downgraded its rating on residential property and an Islamic lender suspended new loans. The once-booming ... Read moreDubai real estate suffers as distressed sales rise - Gulf TimesMUSCAT — National Bank of Oman SAOG (NBO), the first local bank in the Sultanate, has signed an agreement with Muriya Tourism Development Co. to provide housing loans for the purchasers of the Jabl Sifa and Salalah beach projects. NBO customers ... Read moreNBO, Muriya in pact to provide housing loans - Times of OmanDENVER — GMAC Financial Services, the financing arm of General Motors, said Thursday it applied to become a bank holding company, making it eligible for aid under the government's $700 billion bank rescue plan. GMAC said the change in status would ... Read moreGMAC files for bank holding status - Houston ChronicleALEXANDRIA, Va. - A well-known northern Virginia businessman has pleaded guilty to conspiracy to commit money laundering in connection with a mortgage fraud scheme. In U.S. District Court Thursday, 47-year-old Vijay K. Taneja of Fairfax admitted that ... Read moreVirginia man pleads guilty to mortgage fraud - Daily PressNEW YORK, Nov 20 (Reuters) - The U.S. subprime mortgage crisis has sparked more than 250 class action suits against Wall Street banks and rating companies and will lead to rising regulation in 2009, top litigators said on Thursday. Global hedge funds ... Read moreBanks, raters face subprime lawsuits, new rules - ReutersALEXANDRIA, Va. - A well-known northern Virginia businessman has pleaded guilty to conspiracy to commit money laundering in connection with a mortgage fraud scheme. In U.S. District Court Thursday, 47-year-old Vijay K. Taneja of Fairfax admitted that ... Read more |
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