MORTGAGE

The Yankees are looking to add a starting pitcher.

A former Chicago commodities broker who disappeared in suspicious circumstances in 1979, possibly fleeing the mob, was found working in a Las Vegas casino and arrested on fraud charges, court documents said on Friday.

A former Chicago commodities broker who disappeared almost 32 years ago and was declared dead in 1986 was found working as a sports book writer in an upscale Las Vegas neighborhood, a job he had held for a decade.

Mortgage Choice has launched a white-labelled vehicle loan, available to all its mortgage brokers.

There's no way to sugarcoat it: the U.S. housing market remains a buyer's market. That said, are there ways home sellers can better-position their home for a sale amid such intense competition? Indeed there are, and here are five.

Foreclosure relief fraud accused Jeff McGrue was found guilty and sentenced to 25 years in federal prison. McGrue was accused of executing a scheme by which property owners facing foreclosure were promised mortgage relief and lenders were sent fake notes totaling $55 million.

The Gang of Six group of U.S. senators was finally able to agree to a deficit-reduction plan on Tuesday, but House Majority Leader Eric Cantor, R-Va., only give it a mixed review, citing his concern about the plan's revenue target while saying it proposes some constructive ideas.

Wells Fargo will pay an $85 million fine for mortgage abuses, but the company is not admitting wrong doing.

House Speaker John Boehner, R-Ohio, has his hands full regarding the 'Gang of Six' debt plan. Most Tea Party members of his caucus are likely to oppose it, but if Boehner can recruit enough moderate Democrats to offset Tea Party opposers, the plan should pass the U.S. House -- its likely final hurdler before the bill heads to President Obama.

Wells Fargo & Co agreed to pay a $85 million civil penalty to the Federal Reserve Board for allegedly steering borrowers into costly subprime mortgages, the largest fine the Fed has ever imposed in a consumer-enforcement case.

Applications for home mortgages surged last week, racking up the biggest increase in four months on a flood of refinancing demand as interest rates remained low, an industry group said on Wednesday.

The Gang of Six' debt plan, and President Obama's approval of its outline, has created momentum in Washington for a landmark deficit reduction package that would also avert a U.S. Government default, but two words could sap that momentum in a hurry: Tea Party.

President Obama Tuesday indicated his support for a new deficit-reduction plan that is gaining momentum in the U.S. Senate, calling it a very significant step and one that is broadly consistent with the significant reduction he seeks in the nation's budget deficit. If approved by Congress, the deal would avert a U.S. Government default.

The Gang of Six senators have decided to band together once more, saying Tuesday that the bipartisan group has reached an agreement to trim more than $4 trillion off the deficit over the coming decade.

For Bank of America Corp, the mortgage issues never seem to end, which is the chief worry for investors and analysts.

JPMorgan Chase & Co is putting on a kinder, gentler face as it overhauls a unit that negotiates with borrowers whose homes are headed into foreclosure.

The credit ratings agencies are again angering governments, but this time they are taking on the big fish of the world economy. From Washington to Brussels, Moody's, Standard & Poor's and Fitch have added to the intense pressure on governments trying to deal with crushing sovereign debt.

Debt deal talks, Day 6: Unless the Tea Party compromises, a U.S. Government default is likely. For many voters, the Tea Party stance appears extreme, irresponsible, even irrational. But for Tea Party supporters, it’s a logical and necessary stance, when any compromise with a Democratic president is viewed as a defeat.

Bank of America (BOA) shares dropped below $10 for the first time in two years on Friday.

Credit ratings agency S&P Friday, like Moody's Thursday, warned that the U.S.'s credit rating could be downgraded, if an agreement on raising the debt ceiling is not reached soon. Meanwhile, the Reid/McConnell 'last chance' debt deal plan appeared to gain momentum Thursday, raising hope that a debt deal agreement will be reached soon.

JPMorgan & Chase bank reported second quarter earnings Thursday. The bank's net income beat analysts' expectations.