Ill. Attorney General Probing Countrywide Financial Home Loan Unit (Multi-Housing News)
Chicago--The Illinois attorney general is investigating the home loan division of Countrywide Financial, the nation’s largest mortgage lender and loan servicer, The New York Times reported Thursday.

Countrywide loan unit facing Illinois probe (Toronto Star)
The home loan unit of Countrywide Financial Corp, the largest U.S. mortgage lender, is under investigation in Illinois over its lending practices in the state, the Illinois attorney general's office confirmed yesterday.

Countrywide: Home Loans Up From October (AP via Yahoo! Finance)
Countrywide Financial Corp., the nation's largest mortgage lender, said Thursday its November home loan production increased a slight 5 percent from October but showed a 40 percent drop from the same month last year.

Illinois probing top home lender (Chicago Tribune)
State looks for fraud in Countrywide loans The Illinois attorney general's office is investigating Countrywide Financial Corp., the nation's largest mortgage lender, for predatory and potentially fraudulent lending practices.

Car loan shouldn't hurt home refinance (Bankrate.com via Yahoo! Finance)
If you have good credit, a new car loan shouldn't hamper your ability to refinance a home loan, says Dr. Don Taylor.

Washington Mutual shuts San Rafael home loan center (Marin Independent Journal)
Closure of Washington Mutual's four-employee home loan center at 899 Northgate Drive in San Rafael this week will not affect the lender's six other offices in Marin.

Home Loan Insurers Turn to Reinsurers (AP via Yahoo! Finance)
Record numbers of mortgage defaults during the U.S. housing crisis are likely, for the first time, to trigger significant payments from lender-operated reinsurance companies that provide a backstop to traditional mortgage insurance.

ADB Loan To India To Help Ramp Up Investments In Infrastructure (Nasdaq)
(RTTNews) - The Asian Development Bank or ADB will provide India with a loan up to US$500 million designed to promote public-private partnerships to ramp up investments in infrastructure, the Manila- based lender said Friday.

Lawmakers seek to boost home-buying benefit - Army News, opinions, editorials, news from Iraq, photos, reports - Army ... (Army Times)
The House Veterans’ Affairs Committee is focusing on how to use the veterans’ home loan program to help service members and veterans who risk losing their homes.

California Foreclosure Report Notes Big Lender Discounts In November (PRWeb)
ForeclosureRadar today issued today its California Foreclosure Report which showed a total of 12,282 properties with a loan value of $4.91 Billion dollars sold at auction in November. In addition to a review of foreclosure stats and county rankings, the California Foreclosure Report notes a significant rise in lender discounts at the foreclosure auctions. This is an important precedent not only ...