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  • A.M. Best Removes From Under Review, Affirms Ratings of Liberty Bankers Life Insurance Company and Subsidiary; Outlook Negative 24 Nov 2009 18:00 GMT
    ... rating migration in its fixed-income securities portfolio and significant delinquencies in its direct commercial mortgage loan portfolio. While the group has recently increased its investment allocation to investment grade corporate bonds, ...

  • Va. man pleads guilty in mortgage loan scheme 24 Nov 2009 18:00 GMT
    ... faces up to 30 years in prison after pleading guilty to U.S. Attorney Neil H. MacBride says 44-year-old ...

  • FDIC: Number of problem banks up 32% 24 Nov 2009 17:32 GMT
    ... ’s “problem list” increased 32 percent during the third ... industrial loans were down 6.5 percent, residential mortgage loans were down 4.2 percent, and real estate ...

  • Banking sector back to profit, insurance fund in red: FDIC 24 Nov 2009 17:30 GMT
    ... during the quarter. Loans to commercial and industrial borrowers declined by 6.5 percent, residential mortgage loan balances fell by 4.2 percent, and real estate construction and development loans dropped 8.1 percent. ...

  • Community Bankers Voice Concern Over Risk Retention 24 Nov 2009 17:16 GMT
    ... have sent a letter to lawmakers warning that proposals under consideration ... Mortgage Banking Project. The lenders provide home mortgage loans in 30 states, representing over $120 billion ...

  • Home Retention Actions, Delinquencies Grow At GSEs 24 Nov 2009 17:16 GMT
    ... to a from the companies' conservator, the Federal Housing Finance Agency (FHFA). Separately, trial mortgage loan modifications under the Administration's Home Affordable Modification Program (HAMP) increased nearly 30% from September to ...

  • Citi Gives Mortgage Workouts to 130,000 Borrowers 24 Nov 2009 17:16 GMT
    ... it offered through a homeownership retention program so far, ) ... applications worth $25bn and originated $14bn in mortgage loans in Q309. “Importantly, even in this environment,” ...

  • Va man pleads guilty in mortgage loan scheme 24 Nov 2009 16:53 GMT
    ... 30 years in prison after pleading guilty to wire fraud in connection with a mortgage loan scheme. U.S. Attorney Neil H. MacBride says 44-year-old Wayne Marlon Benedic Lezama entered his plea ...

  • Steeplegate owner refinances 24 Nov 2009 16:52 GMT
    ... The company that owns the Steeplegate Mall, which filed for ... with lenders on $8.9 billion of its mortgage loans "is a major deal," said Russ Thibeault, ...

  • Former Pastor Faces Grand Theft Charges 24 Nov 2009 16:50 GMT
    ... suspicion of grand theft and filing false documents after he took out a $111,000 mortgage loan on a building owned by the Live Oak Community Church in Oakley. Prosecutors said after ...

  • VB man pleads guilty to mortgage fraud 24 Nov 2009 16:39 GMT
    ... VB man pleads guilty to mortgage fraud Updated: Tuesday, 24 ... scheme to obtain millions of dollars in mortgage loans to purchase properties in the Tidewater area. ...

  • October home sales up as tax credit does job 24 Nov 2009 16:36 GMT
    ... Nov 24, 2009 (The Columbus Dispatch - McClatchy-Tribune Information Services via COMTEX) -- A federal tax credit helped ...

  • Watchdog examines rate fixing by banks 24 Nov 2009 16:33 GMT
    ... Koreas antitrust watchdog agency is examining whether local banks ... local banks have fixed interest rates on mortgage loans, according to agency officials. The Fair Trade ...

  • Gold's Price Is Not A Bubble Price 24 Nov 2009 15:54 GMT
    ... -- Posted Tuesday, 24 November 2009 | Gold remains undervalued, ... the next two years, many more bad mortgage loans are going to surface in areas other ...

  • Mortgage Modification Divisions Hiring; Several Investor Updates - Why During a Holiday Week? 24 Nov 2009 15:35 GMT
    ... In her new book, "Going Rogue," Sarah Palin says she doesn't ... eligible to be originated as Higher Priced Mortgage Loans (as set forth in Regulation Z), provided ...


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