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fdic sues big banks over mortgage securitiesthe 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.new york mortgage prices stock offering at $6.65new york mortgage trust inc. announced friday that it set the price of its public offering of 2.8 million shares of stock at $6.65 each.mortgage rates slide to record lowsmortgage rates continue to drop well below 4 percent. the average rate for a 30 year fixed rate mortgage declined 2 basis points to 3.83 percent since last week, the lowest value on on record for this mba series. the purchase application volume declined 3.0 percent and the refinance application increased 5.6 percent over the same period.second-mortgage lawsuits swamp homeownersa texas firm sues homeowners with foreclosed second mortgages. |
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