Money & Company
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Dec. 17, 2009
Business
Bank of America filed suit Friday against three companies and their officers, alleging that they defrauded the bank of $95 million through an elaborate mortgage-securities scheme.
March 2, 1985
World & Nation
Mortgage scams are plaguing Chicago’s poor and threaten to become a nationwide financial epidemic, the FBI says.
Nov. 13, 2005
The percentage of U.S. homeowners who fell behind on their mortgage payments in the third quarter surged to the highest level in a decade as more people lost their jobs in a shaky economy, a mortgage industry group said Monday.
Dec. 4, 2001
Homeowners stampeding to refinance their mortgages and take advantage of the lowest interest rates in seven years accounted for one-third of all mortgage lending in the past three months, the president of the Mortgage Bankers Assn. of America said Thursday.
April 4, 1986
July 2, 2008
Insurers and lenders facing huge potential losses stemming from the financial problems of a Virginia real estate investment firm are to meet in Chicago tonight to study a bail-out plan proposed by Ticor Mortgage Insurance, which stands to lose the most--as much as $166 million.
Sept. 12, 1985
Meghan Ross took all the obvious steps when her wallet was snatched in a crowded bar three years ago.
Jan. 22, 2006
The Federal Home Loan Mortgage Corp., in a move that could make second mortgages cheaper and easier to obtain, announced Tuesday that next week it will begin to buy second mortgages from lending institutions.
Jan. 8, 1986
Sears, Roebuck & Co. is considering taking out an $850-million second mortgage on its 110-story Sears Tower, a newspaper reported today.
Sept. 19, 1989