emc mortgage sued by securitization trust in new york
the trust financed the purchase of residential mortgages by issuing certificates that were to be repaid with interest from revenue generated from the loans, according to the court document.
mortgage lending slumps 19pc
gross mortgage lending fell by 19pc to £10.2bn in april, according to the council of mortgage lenders.
fdic sues big banks over mortgage securities
the government has sued several big banks over toxic mortgage securities they issued that were bought by two small illinois banks which failed in may 2009.
second-mortgage lawsuits swamp homeowners
a texas firm sues homeowners with foreclosed second mortgages.
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