Originaly by John R. Emshwiller and Kara Scannell: Lawmakers on a congressional oversight panel are struggling with whether to ramp up a probe into a controversial home-loan program at Countrywide Financial Corp. that involved former Chief Executive Angelo Mozilo.Rep. Darrell Issa, a Southern California...

Originaly by Robert Anglen: A Valley preacher with a worldwide ministry and his wife bought multiple upscale homes with deceptive loan applications, according to a state case accusing a mortgage firm of illegal practices. Clint Rogers, head of Mesa-based Clint Rogers Ministries, and Angela Faith Rogers...

Economists, politicians, and pundits refer to “toxic assets” as if they are some unspeakable stew bubbling in a barrel behind an old warehouse. But “toxic assets” are actually mortgages and, by extension, houses and the people who live in them. Sandra Berrios is one of millions...

by FBI NY | United States Attorney’s Office Southern District of New York | Department of Justice Press Release Eight Sentenced in Multimillion-Dollar Mortgage Fraud and Foreclosure Rescue Schemes LEV L. DASSIN, the Acting United States Attorney for the Southern District of New York, announced...

Originaly By James Comtois: U.S. District Judge Richard J. Holwell sentenced eight defendants in a New York federal court for their roles in a multimillion-dollar subprime mortgage fraud scheme. According to Lev L. Dassin, acting U.S. attorney for the Southern District of New York, from 2004 through...

Originaly by Stephanie Armour, USA TODAY: Howard Weiss is 77 and scared. This year, the semiretired distributor from Phoenix ran into financial problems and stopped making his mortgage payments. He was told his home was scheduled for a foreclosure auction in May.   CHART: Seniors feeling poorer   So...

If you have a mortgage with Countrywide Financial, may want to check your credit report. This advice follows the arrest of a Countrywide employee the FBI says sold Social Security numbers and other sensitive information on as many as 2 million customers.     The arrest was the result of a joint investigation...

Scott Pelley Reports: (CBS)  How did the mortgage industry destroy itself and set off an economic collapse that ruined the finances of millions of Americans? Executives tend to hold themselves blameless, saying that no one could have seen the disaster coming. Well, judge for yourself after you hear...

Originaly By MICHAEL POWELL New York Times: As she describes it, Beth Jacobson and her fellow loan officers at Wells Fargo Bank “rode the stagecoach from hell” for a decade, systematically singling out blacks in Baltimore and suburban Maryland for high-interest subprime mortgages. These loans, Baltimore...