| Personal Finance Headlines |
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| Investor Sues to Block Mortgage Modifications
(BusinessWeek Online)
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| BusinessWeek Online - The battle over the mass modifications of troubled mortgages has begun in earnest. On Dec. 1, William Frey, a private investor in mortgage-backed securities, filed a lawsuit in New York State Supreme Court alleging that the proposed modification of some 400,000 home loans originally underwritten by the defunct lender Countrywide Financial is illegal. -- read full article |
| Tue, 02 Dec 2008 13:08:44 GMT - Yahoo! News: Personal Finance News |
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| Mortgage fraud incidents up 45 pct in 2Q
(AP)
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| AP - Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed. -- read full article |
| Tue, 02 Dec 2008 19:30:36 GMT - Yahoo! News: Personal Finance News |
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| General Growth Properties gets loan reprieve
(AP)
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| AP - General Growth Properties Inc. has received a two-week extension on mortgage loans totaling $900 million, as the troubled shopping mall owner works to stave off bankruptcy and negotiate longer-term extensions with lenders. -- read full article |
| Mon, 01 Dec 2008 12:19:35 GMT - Yahoo! News: Personal Finance News |
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| Investors sue Countrywide to force loans purchase
(Reuters)
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| Reuters - A group of bond investors on Monday sued Bank of America -owned Countrywide Financial demanding that Countrywide buy every mortgage loan for which it agrees to reduce the payments under a predatory lending settlement agreement. -- read full article |
| Mon, 01 Dec 2008 19:50:28 GMT - Yahoo! News: Personal Finance News |
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| Meltdown far from over, new mortgage crisis looms
(AP)
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|  AP - Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis. Malls from Michigan to Georgia are entering foreclosure, commercial victims of the same events poisoning the housing market.
-- read full article |
| Fri, 28 Nov 2008 09:45:24 GMT - Yahoo! News: Personal Finance News |
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| Mortgage rates dip for fourth straight week
(AP)
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|  AP - Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government's massive new effort to aid the U.S. housing market.
-- read full article |
| Wed, 26 Nov 2008 22:31:34 GMT - Yahoo! News: Personal Finance News |
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