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Major U.S. Mortgage Lender Selects MDA (T-Net British Columbia)
Vancouver, BC, October 7, 2008--(T-Net)--MacDonald, Dettwiler and Associates Ltd. (TSX: MDA), a provider of essential information solutions, announced today that MDA Lending Solutions has signed a contract with a leading US mortgage lender to provide them with a comprehensive property information search solution as part of the customer's lending process.

BofA in mortgage lender settlement (Financial Times)
Bank of America has agreed to settle multi-state claims of deceptive and predatory lending practices against Countrywide Financial , the mortgage lender, in a deal that could result in a cut of up to $8.4bn in interest rate and principal payments for homeowners.

Germany bails out mortgage lender (Channel 4)
Germany has agreed to fund a £38.7 billion rescue plan for the country's second largest mortgage lender.

Germany bails out mortgage lender (ITV.com)
Germany has agreed to fund a £38.7 billion rescue plan for the country's second largest mortgage lender. Hypo Real Estate turned to the state after a private rescue package fell apart.

Southbury couple charged with embezzling $250,000 from mortgage lender (Republican-American)
SOUTHBURY — A wife and husband were charged Thursday with conspiring to embezzle about $250,000 from Northeast Mortgage Corp. on Main Street South, police said.

Lender Processing Services, Inc. to Report Third Quarter Earnings on October 29, 2008 (PR Newswire via Yahoo! Finance)
Lender Processing Services, Inc. , a leading provider of integrated technology and services to the mortgage industry, today announced that it is scheduled to report third quarter financial results after the close of regular market trading on Wednesday, October 29, 2008.

Lender settles mortgage lawsuit (San Diego Union-Tribune)
Countrywide Financial has agreed to the largest program ever to modify home loans as part of a settlement with officials in 11 states, including California. Countrywide, the nation's largest lender and loan servicer that was recently acquired by Bank of America, had been sued by the states over what they said were predatory lending practices.

Mortgage suit settlement is model (The Herald News)
CHICAGO -- Attorney General Lisa Madigan announced an $8.7 billion settlement in her predatory lending lawsuit against Countrywide, the nation's largest mortgage lender and servicer.

Washington mortgage customers to see relief (KREM.com Spokane)
SEATTLE – Nearly 10,000 Washington homeowners will split about $200 million as part of a settlement between 11 states and sub-prime lender Countrywide Financial Corp over deceptive mortgage practices.

1,100 Iowans will get mortgage help (The Gazette)
Nearly 400,000 borrowers nationwide will be able to modify their loans with mortgage lender Countrywide Financial Corp. - resulting in about $8 billion in permanent relief - under a settlement with Iowa and other states, Iowa Attorney General Tom Miller said today.Miller, who served as a lead negotiator, said the agreement has been reached between several states and Bank of America, which ...

What You Need To Know About Your First Mortgage

It's important to understand down payment and mortgage options before you apply for mortgage financing. Buying your first home is a huge milestone. Before you take this big step, consider the following.

The bigger your down payment, the better

The first rule about a...


Advice On First Mortgage

If you require a mortgage on your home or property, you have a lot of options to choose from in the market. However, there are always some conditions that the lender will state before you he gives you the loan. You need to seek advice before going in for your 1st mortgage. This is because your ...


First Mortgage – Steps to Saving

The property market is in good shape. Prices continue to rise and sold signs are popping up like mushrooms. This is all wonderful news and we're all going to be property-rich.

Spare a thought for the first time buyer! Gaining that elusive first step on the ladder must seem in insurmounta...