MORTGAGE

Standard & Poor's, the ratings agency that deprived the United States of its AAA rating, is being probed by the Department of Justice over credit ratings of several mortgage securities that led to the financial crisis in 2008.

The top after-market NYSE gainers on Wednesday are: Qihoo 360 Technology, CONSOL Energy, Eastman Kodak, CACI International and Brookdale Senior Living. The top after-market NYSE losers are: International Rectifier, MGM Resorts International, Invesco Mortgage Capital, EMC Corp and Guess?, Inc.

Star bond fund manager Jeffrey Gundlach departed the witness stand on Wednesday after four days of testimony in the high stakes trial with his former employer, Trust Company of the West.

Star bond fund manager Jeffrey Gundlach denied in court testimony that he requested his co-workers gather anything "we might need" from his former employer, Trust Company of the West.

Canadian manufacturing sales slid more than expected in June, while sales of existing homes were flat in July, data on Tuesday showed, offering new signals that the Canadian economy is slowing.

Television and film actor Burt Reynolds is in danger of getting evicted from his home in southeast Florida.

Veteran actor Burt Reynolds is facing foreclosure on his longtime southeast Florida home, according to a lawsuit filed by a mortgage firm.

A national study on child well-being was published on Wednesday, finding that 14.7 million children were poor in 2009 across the United States. The number represents 20 percent of the nation, and represents a 2.5 million increase from 2000.

ASIC has questioned consumer group Choice's role in a mortgage lending campaign, it has been reported.

Star bond fund manager Jeffrey Gundlach did not instruct anyone to copy analytic systems from his former employer, Trust Company of the West, but did devise a "defensive plan" in the event he would be fired, he testified in court.

Jeffrey Gundlach thought it was "quite likely" that DoubleLine Capital, the firm he launched after being fired by his former employer, was going to fail six months after its formation, he said in court.

Debt concerns in Europe and a tepid U.S. economy have made for a bumpy stock market of late, to day the least. However, because one-day events can deceive, let's pull the lens back and do a condensed, cross-methodological analysis of the Dow Jones Industrial Average, to see if it reveals any long-term clues.

Risk-averse real estate investors are flocking to multi-family dwellings to wait out the economic slump.

Allstate Corp on Monday sued Goldman Sachs Group Inc , accusing the Wall Street bank of causing losses by hiding the risks more than $123 million of mortgage securities it bought.

Star bond fund manager Jeffrey Gundlach was in discussions to join Western Asset Management Co while he was employed at rival firm Trust Co of the West, he testified on Monday.

Mark Sass and his wife Jan decided to refinance the mortgage on their Cincinnati, Ohio, home on Friday, just days before the Federal Reserve pledged to keep rates near historic lows through the first half of 2013.

More homeowners prefer to pay off their mortgages sooner as interest rates have stayed near rock-bottom and weak labor conditions have caused them to reduce their debt loads, a survey showed on Monday.

Mortgage and investment schemes targeting troubled U.S. homeowners jumped in 2010 and may increase further if the economy does not improve, the FBI said on Friday.

A broker has warned borrowers to be wary of chasing cheap fixed rates amid a wave of discounting that proliferate in the industry.

TCW's incoming CEO in 2009, Marc Stern, tried to sow discord and drive a wedge between Jeffrey Gundlach and his tight-knit mortgage-backed securities team, Gundlach testified on Thursday.

Jeffrey Gundlach said he never told anyone on his staff to download data from his former employer, Trust Co of the West, or copy valuable trading information -- though he did briefly consider such an action.