Arden North Carolina Lenders

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Features
Investors sue Countrywide to force loans purchase (Reuters)
Reuters - A group of bond investors sued Bank of America -owned Countrywide Financial on Monday demanding that Countrywide buy every mortgage loan for which it agrees to reduce payments under a predatory lending settlement deal.
 
Mortgage fraud incidents up 45 pct in 2Q (AP)
AP - Reported incidents of mortgage fraud grew by 45 percent in the second quarter compared to the year-ago period, as borrowers misstated their financial information to maneuver around tighter lending standards, industry data released Tuesday showed.
 
Financial industry pushes for lower mortgage rates (AP)
AP - Financial industry lobbyists are urging the Treasury Department to take steps to lower mortgage rates and help stabilize the battered U.S. housing market.
 
Investor Sues to Block Mortgage Modifications (BusinessWeek Online)
BusinessWeek Online - The battle over the mass modifications of troubled mortgages has begun in earnest. On Dec. 1, William Frey, a private investor in mortgage-backed securities, filed a lawsuit in New York State Supreme Court alleging that the proposed modification of some 400,000 home loans originally underwritten by the defunct lender Countrywide Financial is illegal.
 
Rachel Pinder, with Island Living Real Estate in Nassau, Bahamas, explains the benefits of the new tax exemption for the home buyers.
The Bahamian government recently made the first $500,000 of real estate exempt from stamp taxes, provided the property is owner-occupied.
 
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Arden NC Lenders