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Harford woman battles mortgage giant in court
Baltimore Sun - When Paula Rush stepped forward in U.S. Bankruptcy Court in Delaware to allege that American Home Mortgage had allowed its affiliates to market risky loans aggressively and ignored obvious signs of fraudulent underwriting, it was hardly the first
Source: www.baltimoresun.com

Administration tells Congress it is dealing with rising mortgage
MSN MoneyCentral - It’s estimated there could be 2 million or more mortgage defaults over the next two years in the subprime mortgage market, as loans reset from low introductory rates to much higher ones. %@AP Links GRAPHICSBANK 981419 (08/31/07)>> 2000×1500 LENDER
Source: news.moneycentral.msn.com

New York Sues Appraiser In Mortgage Loan Probe
Washington Post - Corngold said he is in the course of a continuing, as yet unpublicized probe into the packaging of mortgage loans. In a statement, First American said the lawsuit has “no foundation in fact or law.” The company said Cuomo’s allegations are “largely
Source: www.washingtonpost.com

Governor OKs new mortgage counseling
Chicago Tribune - Susan Hofer, a spokesman for the Illinois Department of Financial and Professional Regulation, said the counseling will help prevent foreclosures by giving borrowers a better understanding of the complexities of mortgage loans. She also said the
Source: www.chicagotribune.com

U.S. rate cut shows Fed strategy changing
Daily Yomiuri On-Line - The turmoil in the financial markets was triggered by the subprime mortgage crisis caused by home loans given to people with weak credit histories. The U.S. gross domestic product for the July-September quarter grew at a brisk 3.9 percent pace–the
Source: www.yomiuri.co.jp

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