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raleigh – state regulators have suspended the license of a mortgage brokerage that they say didn’t reveal prior regulatory actions against it in at least three other states.
sub-prime borrowers face another sharp rise in mortgage payments
sub-prime mortgage holders are yet to feel the full force of the credit crunch, after a survey revealed that their repayment rates had risen by 2.55 percentage points this year.
mortgage fraud ringleader sentenced to 13 years
a kansas city businessman was sentenced to 13 years in prison for a $17 million mortgage fraud scheme that included buying a home owned by former jackson county executive katheryn shields and her husband.
mortgage rates stayed high last week
rates on 30-year mortgages didn't budge last week, while rates on other home loans were a mixed bag. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent for the week ending Aug. 7. That was the same as...