Mortgage meltdown blame game (Portsmouth Herald)
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Editor's note: The writer is president of Direct Mortgage in Portsmouth.
Stumbo says Kentuckians eligible for $888,436 from Ameriquest (News Democrat & Leader)
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Attorney General Gregory D. Stumbo announced today that 2,138 Kentucky consumers are eligible for $888,436 in restitution from Ameriquest Mortgage Company and its related companies as part of a $325 million national settlement of a predatory lending lawsuit against the company.
Lenders in damage-control mode (The Record)
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A new study by J.D. Power and Associates indicated that the subprime mortgage meltdown and rising defaults may be having an impact on relationships between consumers and the companies that collect their mortgage-loan payments.
Kentuckians may be eligible for Ameriquest settlement funds (Bowling Green Daily News)
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There is still time for Kentuckians to get part of more than $880,000 in restitution funds from mortgage-lender Ameriquest, as part of a $325 million national settlement of a predatory lending lawsuit against the company.
Big-Time Risk on Short-Term Money (The Motley Fool)
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Some bond funds pay less than money market funds, with more risk.
Mortgage Backed Securities News from MortgageDaily.com (PR Newswire via Yahoo! Finance)
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As the performance of nonconforming mortgage-backed securities has withered, the ratings agencies have been busy issuing warnings and downgrades, according to http://www.MortgageDaily.com -- the dominant source of online news for the mortgage industry.
Sponsored By: (Fernandina Beach News-Leader)
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IN THE CIRCUIT COURT OF THE 4TH JUDICIAL CIRCUIT, IN AND FOR NASSAU COUNTY, FLORIDA GENERAL JURISDICTION DIVISION CASE NO: 07-CA-0055 US BANK, NATIONAL ASSOCIATION, AS TRUSTEE PLAINTIFF VS.
If your mortgage lender goes bust... don't panic! (New York Daily News)
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Risky mortgages dragged down plenty of homeowners, but now they're taking out the huge lenders that underwrote them.
Fitch Affirms 16 & Downgrades 5 Classes on 3 Ameriquest Subprime Securitizations (Business Wire via Yahoo! Finance)
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NEW YORK----Fitch has taken various rating actions on the following Ameriquest Mortgage Securities Inc. mortgage pass-through certificates:
Loan Sharks, sub crime lenders and 'US ambassadors' (cmi santiago)
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Danny Schechter, editor of MediaChannel.org, and director of the new film 'In Debt We Trust: America Before The Bubble Bursts': "Behind it all were the so-called ''Masters of the Universe,'' the wise men of Wall Street* who worked behind the scenes to turn mortgage brokers and small lenders into part of what will one day be seen as a criminal network worthy of prosecution under the conspiracy ...
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