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Washington state plans to revoke the license of a California ... - Seattle Times

Washington state plans to revoke the license of a California ...
Seattle Times, United States - Jul 22, 2008
The state Department of Financial Institutions says an investigation has found Paramount Equity Mortgage, Inc. engaged in deceptive lending practices. ...
Washington state files charges against Roseville mortgage company Sacramento Bee
Mortgage broker charged Seattle Post Intelligencer
Paramount Equity Mortgage under heavy scrutiny The Oregonian - OregonLive.com
kgw.com (subscription) - Bizjournals.com
all 60 news articles

Head of Mortgage Bankers Association to resign - CNNMoney.com

Washington Post

Head of Mortgage Bankers Association to resign
CNNMoney.com - Jul 22, 2008
He is to be replaced by John Courson, a longtime California mortgage banker and the association's chairman in 2003. Courson's company, Folsom, Calif. ...
Mortgage Lobby Replaces President Washington Post
Mortgage-Lobby Chief Resigns Wall Street Journal
all 17 news articles

California's Mortgage Bankers Applauds Passage of Congressional ... - MarketWatch

California's Mortgage Bankers Applauds Passage of Congressional ...
MarketWatch - Jul 23, 2008
The California Mortgage Bankers Association is the leading statewide organization representing the residential and commercial real estate finance industry.

Report: US grand jury investigating subprime mortgage lenders - The Canadian Press

Report: US grand jury investigating subprime mortgage lenders
The Canadian Press, LOS ANGELES - 10 hours ago
California, Illinois and the city of San Diego are suing the company over its lending practices. Bank of America Corp. bought Countrywide in a deal approved ...
Source: Federal grand jury probing banks MSNBC
Federal grand jury investigating Countrywide, IndyMac, New Century Los Angeles Times
Sources point to possible fraud Baltimore Sun
all 60 news articles

Wall Street Shrinks From Competing With Fannie Mae, Freddie Mac - Bloomberg

Washington Post

Wall Street Shrinks From Competing With Fannie Mae, Freddie Mac
Bloomberg - 14 hours ago
Cooper, the manager of Courtesy Cleaning Center on the city's south side, said she didn't understand it was a subprime mortgage, reserved for borrowers with ...
Video: House Bails Out Lenders CBS
House passes bill to rescue debt-ridden homeowners Press-Enterprise
House OKs rescue plan Chicago Tribune
Los Angeles Times - Whittier Daily News
all 4,414 news articles

News Advisory from the California Reinvestment Coalition - Reuters

News Advisory from the California Reinvestment Coalition
Reuters - 2 hours ago
Mo' Money tells the story of borrowers who were lied to and ignored by their mortgage loan servicers, and the people who are working to keep them in their ...

MetroCorp Bancshares, Inc. Announces Net Income of $2.3 Million ... - MarketWatch

MetroCorp Bancshares, Inc. Announces Net Income of $2.3 Million ...
MarketWatch - 5 hours ago
Net charge offs were $533000 or 0.04% of total loans during the second quarter, with $292000 related to charge-offs on loans originated in California. ...

Homeowners warned about mortgage fraud - Moorpark Acorn

Homeowners warned about mortgage fraud
Moorpark Acorn, USA - 8 minutes ago
Salvador Hernandez, assistant director in charge of the FBI in Los Angeles, announced the formation of SCAM (Southern CAlifornia Mortgage) Task Force. ...

IndyMac Said to Be Under FBI Investigation for Possible Fraud - Bloomberg

ABC News

IndyMac Said to Be Under FBI Investigation for Possible Fraud
Bloomberg - Jul 16, 2008
By Robert Schmidt July 16 (Bloomberg) -- IndyMac Bancorp Inc., the California mortgage lender seized by regulators last week, is under investigation by the ...
FBI 'probes US mortgage lender' BBC News
FBI investigate IndyMac in mortgage probe Irish Times
FBI Is Investigating Potential Mortgage Fraud At IndyMac, Other Banks Wall Street Journal
Reuters - Globe and Mail
all 847 news articles

The slump persists: Home sales tumble across US - The Associated Press

The Associated Press

The slump persists: Home sales tumble across US
The Associated Press - 6 hours ago
Analysts said the slight sales rebound in the West reflected big price declines in many parts of California that are helping to make homes affordable once ...
Sales of Existing Homes Nonexistent HULIQ (press release)
Existing home sales fall 2.6 percent in June, more than double the ... ABC News
Home Sales Drop In June Consumer Affairs
all 551 news articles

California´s Mortgage Bankers Applauds Passage of Congressional Housing Bill (wallstreet:online AG)

The California Mortgage Bankers Association (CMBA) applauds the passage in the U.S. House of Representatives

California's Mortgage Bankers Applauds Passage of Congressional Housing Bill (Business Wire via Yahoo! Finance)

SACRAMENTO, Calif.----The California Mortgage Bankers Association applauds the passage in the U.S. House of Representatives of the much-anticipated housing bill, particularly the permanent increase in the conforming loan limits that CMBA has long supported.

Report: Grand jury investigating 3 mortgage lenders (USA Today)

A federal grand jury in Los Angeles reportedly is investigating the nation's largest subprime mortgage lenders, Countrywide Financial, New Century Financial and IndyMac Federal Bank.

Wash. state to revoke license of mortgage company (AP via Yahoo! Finance)

Washington state plans to revoke the license of a California mortgage broker. The state Department of Financial Institutions said an investigation has found Sacramento-based Paramount Equity Mortgage Inc. engaged in deceptive lending practices.

Paramount Equity Mortgage charged with deceptive lending in WA (KGW NewsChannel 8 Portland)

Paramount Equity Mortgage has been charged with deceptive lending practices by the Washington State Department of Financial Institutions. Paramount, which acts as both a mortgage broker and a mortgage banker, is based in California but operates actively in both Oregon and Washington.

Deferred pay plan rebuked in California (UPI)

SACRAMENTO, July 24 (UPI) -- A state order under consideration in California to defer wage payment to state workers was met with a rebuke from the state's controller, a spokesman said.

Report: Grand jury investigating three mortgage lenders (San Jose Mercury News)

LOS ANGELES - A federal grand jury is investigating subprime mortgage lenders Countrywide Financial, New Century Financial and IndyMac Federal Bank, a person familiar with the situation told the Associated Press today.

Washington fines mortgage broker (The Oregonian)

Washington state late Tuesday told Paramount Equity Mortgage of California to stop doing business in the state, pay a $500,000 fine and offer restitution. The state said the company made more than 1,700 mortgage loans in Washington in 2007 and collected more than $8.7 million in fees.

Foreclosures Soar to 20-Year High in California (Fox News)

California got some gloomy real estate news Tuesday, with many homeowners who bought at the height of the housing boom unable to make mortgage payments

Source: Grand Jury Investigating Three Mortgage Lenders (Hartford Courant)

A federal grand jury is investigating mortgage lenders Countrywide Financial Corp., New Century Financial Corp. and IndyMac Bancorp Inc., a person familiar with the situation told The Associated Press on Thursday.