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Almost one in four homeowners owes more on their mortgage than their home is worth, a worrisome sign that the housing recovery could be threatened by a wave of defaults.

http://www.msnbc.msn.com/id/34126239/ns/business-personal_finance/

Banks earn $2.8B in 3Q; FDIC says dangers persist - Houston Chronicle

News | www.chron.com | 2 hours 29 minutes ago

WASHINGTON — The apparent end of the recession and stabilizing financial markets have not cured the banking industry, as souring and past-due loans have reached the highest levels in 26 years, the Federal Deposit Insurance Corp. said Tuesday. Banks earned $2.

http://www.chron.com/disp/story.mpl/ap/top/all/6737425.html

Paragon signals renewed mortgage lending

News | www.ft.com | 3 hours 37 minutes ago

Paragon, the buy-to-let mortgage specialist, signalled it was poised to resume lending to new customers following its withdrawal from the market two years ago.

http://www.ft.com/cms/s/6c93af84-d921-11de-b2d5-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F6c93af84-d921-11de-b2d5-00144feabdc0.html%3Fftcamp%3Drss%26nclick_check%3D1&_i_referer=&ftcamp=rss&nclick_check=1

Va. Man Pleads Guilty in Mortgage Loan Scheme

News | abcnews.go.com | 5 hours 48 minutes ago

According to court documents, Lezama participated in a loan scheme that fraudulently obtained more than $3 million in financing to buy homes across southeastern Virginia from August 2005 until January 2007.

http://abcnews.go.com/Business/wireStory?id=9165523

Va. man pleads guilty in mortgage loan scheme (AP)

News | news.yahoo.com | 5 hours 49 minutes ago

A Virginia Beach man faces up to 30 years in prison after pleading guilty to wire fraud in connection with a mortgage loan scheme.

http://news.yahoo.com/s/ap/20091124/ap_on_bi_ge/us_mortgage_fraud_plea_virginia

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Interest rates on fixed mortgages fall

News | news.icm.ac.uk | 6 hours 13 minutes ago

According to comparison website Moneyfacts.co.uk, the average rate for a two-year fixed rate mortgage has dropped below 5% for the first time since June.

http://news.icm.ac.uk/business/interest-rates-on-fixed-mortgages-fall/4674/

Fitch Take Various Rating Actions on Litton's U.S. Primary Residential Servicer Ratings - Zibb.com

Press Release | www.zibb.com | 2 hours 10 minutes ago

Fitch Ratings takes the following rating actions on the U.S. residential primary servicer ratings for Litton Loan Servicing, LP: --U.S. residential primary servicer rating for Alt-A product affirmed at 'RPS1'; --U.S. residential primary servicer rating for Subprime product affirmed at 'RPS1';

http://www.zibb.com/article/5691044/Fitch+Take+Various+Rating+Actions+on+Litton+s+U+S+Primary+Residential+Servicer+Ratings

Mayflower Bancorp Reports Second Quarter Earnings and Payment of Dividend

Press Release | www.prnewswire.com | 7 hours 16 minutes ago

MIDDLEBORO, Mass., Nov. 24 /PRNewswire-FirstCall/ -- Mayflower Bancorp, Inc. (Nasdaq: MFLR) today reported net income of $302,000 or $0.15 per share for its second quarter ended October 31, 2009 as compared to a net loss of $907,000 or $0.44 per share for the same quarter last year.

http://www.prnewswire.com/news-releases/mayflower-bancorp-reports-second-quarter-earnings-and-payment-of-dividend-72627912.html

Banks earn $2.8B in 3Q; FDIC insurance fund is in the red

News | www.usatoday.com | 7 hours 37 minutes ago

The apparent end of the recession and stabilizing financial markets have not cured the banking industry, the Federal Deposit Insurance Corp. said Tuesday.

http://www.usatoday.com/money/industries/banking/2009-11-24-fdic-bank-profits_N.htm?csp=34&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+UsatodaycomMoney-TopStories+%28Money+-+Top+Stories%29

Home sales surge for 2nd straight month

News | www.buffalonews.com | 10 hours 54 minutes ago

WASHINGTON Home sales surged for the second month in a row in October, climbing to the highest level in 2z ye 1/2 r 1/3 as first-time buyers rush to take advantage of a tax credit that runs through April. Home sales nationwide are now up by nearly 36 percent from their bottom in

http://www.buffalonews.com/145/story/871938.html