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In Pictures: The 10 Worst States For Mortgage Fraud
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Florida lead the pack for highest number of mortgage fraud reports 2010, according to the LexisNexis Mortgage Asset Research Fraud Index (MFI)
Number of asset-poor Americans rising
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27 percent of households do not have enough money tucked away to cover three months of basic expenses Luz Pagan, 45, has been working as a part-time cashier at a discount store downtown Chicago for nearly three years, her requests to become a full-time employee benefits having gone nowhere
White House Denies $1 Trillion Mortgage Fix: Report (Update 2)
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Refinancing article updated report of White House denial of rumor NEW YORK (TheStreet) -- The White House has no plans for a new mass mortgage refinancing program, Bloomberg reported, citing an administration official knowledge of the matter. Bank stocks had climbed Thursday afternoon despite concerns over the fate of European banks amid market chatter that President Obama might soon ..
Western Asset Mortgage Defined Opportunity Fund Inc. Announces Financial Posi
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NEW YORK--(BUSINESS WIRE)--Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE: DMO) today announced the financial position of the Fund as of September 30, 2011. Current Q Previous Q Prior Yr Q September 30, 2011 June 30, 2011 September 30, 2010 Total Assets (a) $ 264,523,981 $ 271,151,845 $ 258,408,434 Total Net Assets (a) $ 214,506,185 $ 225,932,570 $ 220,712,505 NAV Per Share of Common ..
Why Anworth Mortgage Asset Is a Top 10 Dividend Stock
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Anworth Mortgage Asset Corp. (NYSE: ANH) has been named as a Top 10 dividend stock, according the most recent Dividend Channel ''DividendRank'' report. The report noted that among the coverage universe, ANH shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent ANH share price of $6.37 represents a price-to-book ratio of 0.9 and an annual ..
Apollo Residential Mortgage, Inc. Reports Third Quarter 2011 Financial Results
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NEW YORK, NY-- - Apollo Residential Mortgage, Inc. , commenced operations on July 27, 2011, reported an Operating Loss of $760,000, or $0.07 per share, for the period from commencement of operations ..
A Difficult Journey to a Mortgage Modification
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Althea Girard-Blakey refinanced her East Palo Alto, Calif., home and ran financial problems, but a loan modification, painfully negotiated, allow her to stay the house she cherishes
Western Asset Mortgage Defined Opportunity Fund Inc. as of September 30, 2011
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NEW YORK--(BUSINESS WIRE)--Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE: DMO) announces portfolio composition as of September 30, 2011. Investment Objectives: The Fund?s primary investment objective to provide current income. As a secondary investment objective, the Fund seek capital appreciation. Investment Strategy: The Fund seeks to achieve investment objectives ..
Ex-Trader Lippmann Calls for U.S. Mortgage Forgiveness After Subprime Bets
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Greg Lippmann, the former Deutsche Bank AG (DB) trader who gained fame for bets against subprime mortgages before the housing market collapsed, calling for debt forgiveness for U.S. homeowners
Ireland Needs Mortgage REITs to Help Cut Leverage, NAMA Says
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Ireland should introduce mortgage real estate investment trusts to help banks and the National Asset Management Agency offload bad debt stemming from loans made during the property boom, NAMA Chief Executive Officer Brendan McDonagh said
Myriad Group AG - Offer for Synchronica plc
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FOR IMMEDIATE RELEASE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH ..
World's $8 trillion debt hole
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There's a huge pit of private and public borrowing we have to work our way out of to really get the developed world's economy moving again. And budget-cutting won't do the job
PIMCO Announces Promotions
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NEWPORT BEACH, CA-- - PIMCO pleased to announce the promotion of 23 to Executive Vice President, 47 to Senior Vice President and 83 to Vice President. "These PIMCO colleagues have contributed significantly ..
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