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Officials of mortgage, law firms indicted – Philadelphia Business Journal

14 hours ago ago from Mortgage News and Mortgage Rates

The operators of a mortgage firm and the name partners of a Doylestown, Pa., law firm were among the five defendants charged Tuesday by federal prosecutors in a 15-count indictment for an alleged $14.6 million mortgage fraud scheme that resulted in View original story

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11 hours ago ago from Make Mon

jpmorgan CEO: Bank Sees More Mortgage Losses http://bit.ly/5NXx9Z

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New Article: “Borrowing While Black: Applying Fair Lending Laws to Risk-Based Mortgage Pricing”

12 hours ago ago from Poverty Law

New Article: Alan M. White, Borrowing While Black: Applying Fair Lending Laws to Risk-Based Mortgage Pricing , 60 S. Carolina L. Rev. 677 (2009).  Abstract below: African-American families pay much higher interest rates on their mortgages than white families. Home Mortgage Disclosure Act reports reveal that even high-income Blacks are far more likely to pay subprime (high) mortgage rates than comparable whites. While federal enforcement ...

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NC bank panel hears comment on new mortgage rules

21 hours ago ago from PopEater

RALEIGH, N.C. -Banks and anyone else with an interest in how new North Carolina mortgage laws are applied have an invitation to sound off. The state banking commission has scheduled a public hearing Tuesday morning to discuss how it would apply foreclosure prevention laws the General Assembly passed this year. The banking commissioner says the new laws and its proposed mortgage rules would help reduce foreclosures, improve consumer ...

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