Ohio AG sues credit agencies for public pensions (AP) Personal Finance News - Yahoo! News - Fri, 20 Nov 2009 20:07:21 GMT AP - The three major credit ratings agencies gave mortgage-backed securities unjustifiably high ratings in return for lucrative fees, losing at least $457 million for five Ohio public employee pension and retirement funds, the state's attorney general alleged in a lawsuit filed Friday.

13 charged with mortgage and loan fraud in Oregon (AP) Personal Finance News - Yahoo! News - Fri, 20 Nov 2009 19:26:28 GMT AP - A federal grand jury in Eugene has indicted 13 people on mortgage and loan fraud charges arising from the collapse of a central Oregon development company.

Conseco subsidiary reaches reinsurance agreement (AP) Personal Finance News - Yahoo! News - Fri, 20 Nov 2009 17:30:11 GMT AP - Conseco Inc. said Friday that a subsidiary has reached a reinsurance agreement with Wilton Reassurance Co. covering about 237,000 life insurance policies.

7 charged in alleged securities and mortgage scam (AP) Personal Finance News - Yahoo! News - Fri, 20 Nov 2009 17:02:20 GMT AP - State and federal prosecutors have charged seven people in an alleged securities scam that cheated dozens of people out of $17 million.

Why Foreclosures Rise Even as the Economy Expands (U.S. News & World Report) Personal Finance News - Yahoo! News - Fri, 20 Nov 2009 16:35:07 GMT U.S. News & World Report - Even as the U.S. economy expanded in the third quarter, the nation's eroding labor market sent the mortgage delinquency rate to new heights and created fresh headaches for the Obama administration. About 1 in every 7 home loans in the country was either past due or in foreclosure at the end of the third quarter, according to the Mortgage Bankers Association's most recent National Delinquency Survey. That's the highest delinquency rate in the survey's history (the data begin in 1972). ...

What's Next for Mortgage Rates? (BusinessWeek) Personal Finance News - Yahoo! News - Fri, 20 Nov 2009 13:08:41 GMT BusinessWeek - You> But> Some> Part>It> That> Who> They> Great,> Easier>Well,> As> With> Cue> Behind>O.K.,> That> What> My>

General Growth, lenders agree on mall debt rework (AP) Personal Finance News - Yahoo! News - Fri, 20 Nov 2009 01:53:35 GMT FILE - In this Aug. 20, 2004 file photo, shopppers stroll through Faneuil Hall Marketplace, in Boston. Mall operator General Growth Properties Inc., which filed the largest U.S. real estate bankruptcy case in history earlier this year, on Thursday, Nov. 19, 2009 said its lenders have agreed to restructure some $8.9 billion in shopping mall mortgage loans. (AP Photo/Michael Dwyer, File)

NJ Resorts casino gets OK to give keys to lenders (AP) Personal Finance News - Yahoo! News - Thu, 19 Nov 2009 23:07:17 GMT AP - America's first casino to open outside Nevada got permission Thursday to hand itself over to its lenders because it can't pay the mortgage.

Summary Box: Foreclosures surge (AP) Personal Finance News - Yahoo! News - Thu, 19 Nov 2009 22:20:49 GMT AP - FORECLOSURES RISE: The Mortgage Bankers Association reported that 14 percent of homeowners with a mortgage were either behind on payments or in foreclosure at the end of September. That was a record-high figure for the ninth straight quarter.

New fed housing program involves $29B in financing (AP) Personal Finance News - Yahoo! News - Thu, 19 Nov 2009 22:18:14 GMT AP - A new federal program to support state and local housing finance agencies is expected to involve more than $29 billion in government support, Fannie Mae and Freddie Mac disclosed Thursday.