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Cleveland sues lenders over subprime CNN Money - CLEVELAND (CNN) -- Likening their actions to those of organized crime syndicates, Cleveland's Mayor is suing 21 major banks and mortgage companies for the roles they played in the sub-prime mortgage crisis that devastated many neighborhoods in the
Cleveland sues lenders over subprime

Banking Department Taking Steps to Protect Consumers from Mortgage Forbes - Oversight of mortgage companies has improved dramatically under Governor Rendell's leadership. But, the OPFM case -- in which hundreds of homeowners, primarily in Berks and Lancaster counties, say they were mislead on their mortgages -- is proof that
Banking Department Taking Steps to Protect Consumers from Mortgage

BofA to Pay $4.1B to Buy Countrywide Chicago Tribune - Bank of America expects $670 million in after-tax cost savings in the transaction, or 11 percent of the expense base of the two companies' mortgage operations. The agreement has been approved by both companies' boards and is subject to regulatory
BofA to Pay $4.1B to Buy Countrywide

Misery Continues for Big Mortgage Players BusinessWeek - A profusion of weak data from mortgage companies has put pressure on Thornburg's stock price, and asset values prices and liquidity have been extremely weak since the beginning of this year, George said. Although it acknowledged the attractive yields
Misery Continues for Big Mortgage Players

Whose side are they on? Boston Globe - The mortgage companies resell those homes at discounts of 20 percent and more, driving down the prices of other similar properties. "I feel guilty when I'm going through one of these websites and it says bank-owned property," Werbner said. "I know
Whose side are they on?

Whose side are they on? Boston Globe - The mortgage companies resell those homes at discounts of 20 percent and more, driving down the prices of other similar properties. "I feel guilty when I'm going through one of these websites and it says bank-owned property," Werbner said. "I know
Whose side are they on?

Fears About Economy Worsen Debt Crisis Grows; Top Mortgage Firm Sold Washington Post - Major banks and mortgage companies yesterday sharply accelerated an industry consolidation that is set to change the landscape of American lending, while a convergence of events exposed fresh worries about the U.S. economy. New indications emerged
Fears About Economy Worsen Debt Crisis Grows; Top Mortgage Firm Sold

Banking Department Taking Steps to Protect Consumers from Mortgage Forbes - Oversight of mortgage companies has improved dramatically under Governor Rendell's leadership. But, the OPFM case -- in which hundreds of homeowners, primarily in Berks and Lancaster counties, say they were mislead on their mortgages -- is proof that
Banking Department Taking Steps to Protect Consumers from Mortgage

City's suit says lenders create 'public nuisance' Boston Globe - NEW YORK - Merrill Lynch & Co., Goldman Sachs Group Inc. , and Bank of America Corp. were among 21 banks and mortgage companies sued by the city of Cleveland for their alleged roles in the city's deepening housing crisis. The banks are accused of
City's suit says lenders create 'public nuisance'

Whose side are they on? Boston Globe - The mortgage companies resell those homes at discounts of 20 percent and more, driving down the prices of other similar properties. "I feel guilty when I'm going through one of these websites and it says bank-owned property," Werbner said. "I know
Whose side are they on?

Misery Continues for Big Mortgage Players BusinessWeek - A profusion of weak data from mortgage companies has put pressure on Thornburg's stock price, and asset values prices and liquidity have been extremely weak since the beginning of this year, George said. Although it acknowledged the attractive yields
Misery Continues for Big Mortgage Players

Mortgage Companies