cracking down on mortgage scammerswhile congress and the bush administration are focusing on bailing out struggling homeowners and financial companies, another group of federal officials are going after the people who helped propel the country into the mortgage crisis.lehman said to try mortgage fire-sale of its ownaprès merrill lynch , le déluge — of other investment banks trying to dump their toxic mortgage assets anyway, it seems. after merrill sold off a huge swath of mortgage bundles for 22 cents on the dollar, lehman brothers is trying to follow suit, according to the new york post. the troubled investment bank is in talks with potential buyers about selling about $30 billion in commercial mortg...david w. myers: agency won't pay off your mortgagedear david: the bank that gave me my mortgage two years ago recently failed and was taken over by the federal government. the bank was insured by the fdic. will the federal government automatically pay off my loan?tamsyn parker: mortgage trust moves do make senseinvestors have been pulling their money out of mortgage trusts and property funds in droves over the past three months so perhaps it's not surprising that four funds have been forced to put a stop on withdrawals. |
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