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Mortgage Bank News

Posts published on September 10th, 2010Friday, September 10, 2010 @ 1:12AMIn a move that has met with resistance in Europe, the United States is pushing to reduce the Continent’s influence over the International Monetary Fund and grant more of a say to economies outside of Europe that are growing and leading the global recovery.

Mortgage rates edge upFriday, September 10, 2010 @ 1:07AMNEW YORK — Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.

Monroe's MBT to sell notes, shares for capitalFriday, September 10, 2010 @ 1:00AMMONROE - MBT Financial Corp., the parent firm of Monroe Bank & Trust, said this week that it will offer up to $15 million in promissory notes at an interest rate of 8.5 percent and 2.5 million shares of stock to raise capital for the bank. Federal and state regulators have ordered the Michigan bank to improve its financial conditions because of its soured loans. Proceeds will be used partially ...

Friday newspaper round-up: Connaught, Vodafone, Deutsche Bank...Friday, September 10, 2010 @ 12:46AMLONDON (SHARECAST) - Morgan Sindall will today announce the acquisition of the bulk of Connaught’s social housing repairs operations in a deal that will save thousands of jobs across the country.

Canada's RBC, CIBC may issue $A covered bonds: fundsFriday, September 10, 2010 @ 12:44AMIssue a first for CIBC, Canada's fifth-largest bank. 10 Sep 2010 3:30 PM

Real estate lawyer charged in mortgage fraudFriday, September 10, 2010 @ 12:37AMFederal charges against a Framingham real estate lawyer this week bring to four the number of people charged in an expanding mortgage fraud case that led to scores of abandoned and foreclosed properties in Dorchester and Roxbury. Real estate - Mortgage fraud - Foreclosure - United States - Business

Rep. Jeb Hensarling draws bead on Fannie, Freddie, but what would replace mortgage giants?Friday, September 10, 2010 @ 12:34AMFor years, conservatives inveighed against government-backed mortgage firms Fannie Mae and Freddie Mac . The complaints began with their dominance of the market and ended with a warning that taxpayers would bail them out one day.

Town Center Bank acquired by Independent BankFriday, September 10, 2010 @ 12:16AMTown Center Bank has been acquired by Independent Bank Group, the McKinney-based holding company for Independent Bank.

Building called safety threatThursday, September 9, 2010 @ 2:22AMSPRINGFIELD - The city has asked the Housing Court to order the immediate demolition of a fire-damaged apartment building on Locust Street, saying the site is dangerous and public nuisance.