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Mortgage Loans News
GMAC says it's fixing mortgage business - Newark Star-Ledger
GMAC LLC, the financing arm of automaker General Motors Corp., said today that it has made process in restructuring its ailing home mortgage subsidiary, but didn't go as far as to guarantee its future. Residential Capital LLC, which has posted ...
Read more...Time to Quarantine the Foreclosure Epidemic - American Progress
In 1902, faced with an outbreak of smallpox, the City of Cambridge, Massachusetts, adopted a mandatory vaccination law. Challenged by a Mr. Henning Jacobson as an unconstitutional infringement upon his liberties, this intrusion on individual rights ...
Read more...Area legislators seek crackdown on unscrupulous home lenders - Richmond Times-Dispatch
-- Two Richmond area-lawmakers today proposed legislation designed to discourage unscrupulous mortgage brokers from making sub-prime loans to people who don't qualify. The Truth in Lending Act is sponsored by Del. Jennifer L. McClellan, D-Richmond ...
Read more...Standard & Poor's lowers PNC credit rating to "A" - Pittsburgh Business Times
Standard & Poor's Inc. lowered its credit rating on PNC Financial Services Group Inc. Wednesday from “A+†to “A.†S&P cited concerns over Pittsburgh-based PNC’s (NYSE:PNC) Dec. 31 acquisition of Cleveland-based National City Corp. Concerns ...
Read more...Four indicted on charges of mortgage fraud at Salem company Sandown ... - Eagle-Tribune
CONCORD — Two brothers, who worked at a Salem mortgage lending company, and a Sandown couple were charged with skimming approximately $300,000 from national mortgage lenders, according to federal indictments released yesterday. Thomas Ryder, 30, of ...
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