MORTGAGE

Federal criminal investigations into failed mortgage lenders IndyMac Bancorp and New Century Financial Corp have stalled, the Wall Street Journal reported on Saturday.

America's credit rating was downgraded for the first time in history. This will likely have dire consequences on mortgage and credit rates, not to mention the unemployment rate, which now stands at 9.1 percent.

In a stunning development, Standard & Poor?s Friday downgraded the U.S. Government's credit rating from AAA to AA+, arguing Washington has made inadequate progress cutting the budget deficit. The U.S. Treasury disagrees with S&P?s analysis and conclusion, but interest rates on U.S. home mortgages and car loans are likely to rise.

The U.S. lost its AAA credit rating from Standard and Poor's for the first time in history, dealing a symbolic blow to the world's economic superpower. The impact of this downgrade is a matter of speculation.

The United States wouldn't enjoy "risk-free" top AAA credit rating any longer. Standard & Poor's decision, being questioned by many including the White House, to downgrade AAA rating to AA+ was based on an analysis which blew up U.S. deficits by $2 trillion.

Around 20 years ago, Andrew Dice Clay was a major star on Hollywood's comedy radar with chart-topping CDs, large audiences on TV and sold-out venues as big as Madison Square Garden, but it all came crashing down.

Citigroup Inc said in a regulatory filing on Friday that the Justice Department is examining its mortgage business.

Wells Fargo & Co may have to buy back an additional $1.8 billion in toxic mortgages from outside investors on top of claims it already received, the fourth-largest U.S. bank by assets said in a securities filing on Friday.

Bailed-out insurer American International Group plans to hold on to its mortgage insurance business even as the rest of that industry struggles with rising claims, AIG's chief executive said on Friday.

There?s no getting around it: In much of the country, this is a terrible time to unload your home.

While refinancing is on the rise, many consumers are failing to see benefits from it, the MFAA has claimed.

The debt deal cleared a hurdle, but now Washington needs to address the real problem.

The pace of growth in the services sector ticked down unexpectedly in July to the lowest level since February 2010, while the number of jobs created by the private sector also slowed, separate reports showed on Wednesday.

The Reserve Bank has left the official cash rate on hold, but has expressed concern over rising inflation.

Lenders may be caught out by a technicality in the freshly drafted disclosure regime, requiring them to publish mortgage manager rates.

The furore over consumer group Choice's mortgage switching campaign may be a "storm in a teacup" according to one broker.

The U.S.' debt woes still threaten the global economy despite a last-minute deal struck by the White House and political party leaders, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.

The United States' debt woes still threaten the global economy despite a last-minute deal struck by Congress, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.

The United States' debt woes still threaten the global economy despite a last-minute deal struck by Congress, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.

A former Trust Company of the West employee intentionally snuck confidential data out of the company and misled investigators who tried to recover it, a former TCW senior vice president testified.

High inflation and soaring real estate prices have thrown thousands of residents into dire straits.