Mortgage News

1,660 jobs to go as Lloyds closes mortgage subsidiary (CNN) British bank Lloyds TSB is to close all 164 branches of its Cheltenham & Gloucester (C&G) mortgage arm, threatening up to 1,660 jobs.(Tue, 09 Jun 2009 12:48:42 GMT) Netherlands May Curb Excessive Mortgage Lending, Regulator Says (Bloomberg) June 9 (Bloomberg) -- Dutch financial regulator AFM is planning to propose new rules that may curb mortgage lending in the Netherlands in a bid to protect homebuyers as the economy slumps and unemployment rises.(Tue, 09 Jun 2009 12:44:41 GMT) State takes control of Wixom mortgage company (Detroit Free Press) A small Wixom mortgage company, called Northwestern Financial Corporation, has been placed into conservatorship.(Tue, 09 Jun 2009 16:14:11 GMT) Regulator Says Mortgage Aimed at Elderly May Be Risky (Update1) (Bloomberg) June 8 (Bloomberg) -- Comptroller of the Currency John Dugan said a type of mortgage sold to older homeowners may pose the same risk as subprime loans, and that his agency was slow to act as rising foreclosures led the market to collapse.(Tue, 09 Jun 2009 09:53:17 GMT) Vienna Capital Raises Stake in Hungarian Mortgage Lender FHB (Bloomberg) June 9 (Bloomberg) -- Vienna Capital Partners, an Austrian investment company, raised its stake in Hungarian mortgage lender Foldhitel es Jelzalogbank Nyrt.(Tue, 09 Jun 2009 09:57:06 GMT) Mortgage-firm owner indicted on theft counts (Denver Post) The owner of an Aurora mortgage-service company has been indicted by the state grand jury for fraudulently obtaining a home loan for a client and then stealing some of the proceeds from the subsequent real-estate transaction.(Tue, 09 Jun 2009 07:37:56 GMT) Title group offers mortgage protection (WOOD TV 8 Grand Rapids) The Lighthouse Title Group announced the introduction of a Mortgage Payment Protection Plan.(Tue, 09 Jun 2009 15:57:28 GMT) Moab man convicted of mortgage fraud (ABC 4 Salt Lake City) SALT LAKE CITY (AP) - A Moab businessman has been convicted of wire fraud and money laundering in a mortgage fraud case.(Tue, 09 Jun 2009 15:24:39 GMT)

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