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Wells Fargo sees higher losses ahead from home equity (Market Watch)
Wells Fargo says that until house prices stop falling, the bank will suffer higher losses on its $84 billion home equity portfolio.
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UPDATE: Wells Fargo Sees Higher Losses Ahead From Home Equity (Nasdaq)
SAN FRANCISCO (Dow Jones) -- Wells Fargo & Co. said Wednesday that until house prices stop falling, the bank will suffer higher losses on its $84 billion home equity portfolio.
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Lenders at odds over mortgage promise as home loans slump again (Independent)
Mortgage lending is continuing to fall, leading home-loan providers warned, as they demanded further clarification of the small-print in the Government's bank bailout which appears to require a return to levels of advances last seen in 2007.
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Three Delta Seeks Debt Standstill on Care Home Property Loan (Bloomberg)
Oct. 15 (Bloomberg) -- Three Delta LLP, the private-equity firm whose investors include the Qatari government, is trying to reorganize a 1.2 billion-pound ($2.1 billion) loan for its U.K. care home company NHP Ltd. before the debt comes due in January.
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Emmetsburg woman accused in mortgage scam (KWWL Iowa)
EMMETSBURG, Iowa (AP) - An Emmetsburg woman has been arrested for allegedly running a mortgage scam out of her home. Terry Hoffert is charged with two counts of first-degree theft and one count of ongoing criminal conduct.
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Emmetsburg woman accused in mortgage scam (WHO-TV 13 Des Moines)
Associated Press - October 15, 2008 1:24 PM ET EMMETSBURG, Iowa (AP) - An Emmetsburg woman has been arrested for allegedly running a mortgage scam out of her home.
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JPMorgan profit sinks as credit deteriorates (AP via Yahoo! News)
JPMorgan Chase & Co.'s profit tumbled 84 percent in the third quarter after it took big hits from souring mortgage investments, leveraged loans and home loans.
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Indian home buyers await price, mortgage cuts (Reuters via Yahoo! India News)
By Jasudha Kirpalani
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Fewer OAPs realising home equity (Channel 4)
The number of retired people unlocking money from their home has dropped by 16% as falling house prices and the credit crunch take their toll on the sector, figures showed.
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Grand jury indicts three for alleged mortgage fraud (Crain's Cleveland Business)
Cuyahoga County prosecutor Bill Mason announced the indictments in a nearly $6 million case of alleged mortgage fraud in Cleveland’s Slavic Village neighborhood.
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