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CIT shares jump on deal to shed mortgage assets (Washington Post)
NEW YORK (Reuters) - CIT Group Inc (CIT.N) said on Tuesday it agreed to sell nearly $10 billion of mortgage assets, in a deal that removes problem loans from the commercial lender's balance sheet and lifted its shares 14 percent in premarket trading.
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CIT shares jump on deal to shed mortgage assets (Reuters via Yahoo! News)
CIT Group Inc said on Tuesday it agreed to sell nearly $10 billion of mortgage assets, in a deal that removes problem loans from the commercial lender's balance sheet and lifted its shares 14 percent in premarket trading.
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Radian shifts $107 mln to support mortgage insurance unit (Market Watch)
Radian Group Inc. says it's shifting $107 million from its struggling bond insurance business to support its main mortgage insurance unit.
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Eagan mortgage company owner pleads guilty to fraud, ID theft (Minneapolis-St. Paul Star Tribune)
An Eagan mortgage company owner pleaded guilty to defrauding several financial institutions out of about $1.8 million and using some of the money to buy homes and "support a lavish lifestyle."
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KC man gets probation in mortgage fraud scheme (The Kansas City Star)
A federal judge on Tuesday sentenced a Kansas City man to five years of probation for managing the details of a notorious mortgage fraud scheme.
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MFA Mortgage declares dividend of 20 cents (AP via Yahoo! Finance)
MFA Mortgage Investments Inc., a real estate investment trust, said Tuesday its board declared a regular quarterly dividend of 20 cents for the second quarter ending June 30.
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Mortgage insurer may lose top status with Freddie Mac (Market Watch)
The mortgage insurance business of Old Republic International may soon lose its position as a top insurer with housing-finance giant Freddie Mac.
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Life in Bonita: Tell me about your mortgage crisis experience (Naples Daily News)
A few readers have asked me to write about how to help them with their crappy mortgage deals by telling them how to mend or fix their unpleasant predicaments.
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Mortgage Clinic: Should I pay off my mortgage with savings? (Independent)
'We're approaching the end of a five-year fix with Alliance & Leicester and owe £97,000. We have roughly £70,000 in savings; would you suggest paying all this in to the mortgage and leaving us with a £27,000 debt? Or should we pay some off, or none at all? We'd like to move to a larger house in 2010'. CI, Leeds
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CIT to shed $10 billion mortgage assets (Reuters via Yahoo! Canada News)
CIT Group Inc said on Tuesday it agreed to sell nearly $10 billion of mortgage assets, in a deal that removes problem loans from the commercial lender's balance sheet, lifting its shares 18 percent.
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