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Bradford & Bingley lost £196m last year to mortgage fraud - Mirror.co.uk
Bradford & Bingley lost £196m last year to mortgage fraudMirror.co.ukBradford & Bingley lost £196m last year as result of buy-to-let fraud and bad debt. The former building society was ...and more »

Obama Overstates Loan Modifications, Republicans Say - BusinessWeek
Obama Overstates Loan Modifications, Republicans SayBusinessWeekWells Fargo & Co., the nation's top mortgage lender, today became the second bank to agree to also modify home-equity loans as part of the program. ...and more »

Guest Soapbox - Hi-Desert Star
Guest SoapboxHi-Desert StarThe decline of the two institutions started in 1995 when Clinton pressured them to “ease” credit requirements for mortgages (subprime). ...and more »

A Subprime Analysis Of Mortgage Mess - Investor's Business Daily
ReutersA Subprime Analysis Of Mortgage MessInvestor's Business DailyThe act was expanded further during Bill Clinton's administration, creating a higher percentage and a larger pool of subprime mortgages. ...Lewis Faults 'Short-Term Greedy,' Cites Goldman: InterviewBusinessWeekall 119 news articles »

IDB Management Questioned as Funding Increase Pared - BusinessWeek
IDB Management Questioned as Funding Increase ParedBusinessWeekThe IDB took a nearly $1 billion loss in 2008 after plowing as much as 60 percent of its cash reserves into mortgage-backed securities, an unusually ...and more »

Smiley brings 'black agenda' discussion here - Chicago Sun-Times
Smiley brings 'black agenda' discussion hereChicago Sun-Timesa bank being sued by the NAACP for allegedly pushing blacks into high-interest mortgage loans while whites with the same qualifications got lower rates ...and more »

Mortgage Q&A: Crisis no reason to dis ARM - Washington Times
Mortgage Q&A: Crisis no reason to dis ARMWashington TimesHere's a summary: Both the Clinton and Bush administrations encouraged homeownership without any plan to deal with the possibility that property values ...and more »

Reading financial reform at midnight - Dallas Morning News (blog)
Reading financial reform at midnightDallas Morning News (blog)It sure seems to me that asking how to reform these government-sponsored mortgage lenders isn't a bad idea. 1300 plus pages Jim? ...and more »

Tasha Kheiriddin: Short selling the American dream - National Post (blog)
UPI.comTasha Kheiriddin: Short selling the American dreamNational Post (blog)Thanks to the government's meddling in the mortgage market in the late 1990's and early 2000's, fraud and the subprime loan business became best buddies. ...Obama Wants to Tax Good Banks, Protect Bad OnesOpposing Viewsall 270 news articles »

Marisa's Musings: Health Care Reform, US-Israel Relations, Return of the Tiger - ABC News (blog)
Marisa's Musings: Health Care Reform, US-Israel Relations, Return of the TigerABC News (blog)The fight for - and against - health care reform intensifies on the Hill, Secretary Clinton downplays the dispute with Israel and Tiger Woods announces his ...and more »

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Today's Mortgage Terms starting with O

  • Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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