Barium Springs North Carolina Lenders

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Features
SEC adopts new rules for credit-rating agencies (AP)
AP - Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis.
 
AIG, U.S. in deal to terminate some debt obligations (Reuters)

Reuters - American International Group Inc and the U.S. government have reached an agreement to clear the insurer of its obligations on about $53.5 billion in toxic mortgage debt, the giant insurer said in a regulatory filing on Tuesday.

 
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.
 
U.S. working on affordable mortgage plan: sources (Reuters)
Reuters - The Treasury Department is developing a plan to try to reduce mortgage rates on home loans to 4.5 percent on typical mortgages by expanding its purchases of mortgage backed securities, sources familiar with the plan said on Wednesday.
 
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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Barium Springs NC Lenders