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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.uk mortgage activity up 16%the index shows that mortgage activity remains strong with year-on-year figures rising 16 percent, even though mortgage applications declined 13 percent in april from march.first trust mortgage income fund declares its monthly common share distribution of $0.16 per share for junefirst trust mortgage income fund has declared the fund’s regularly scheduled monthly common share distribution payable on june 15, 2012 to shareholders of record as of june 5, 2012.mortgage lenders face risk and additional cost of doing businesskroll factual data, inc. , a leading provider of independent verification services to mortgage lenders, banks, credit unions and property management firms, announced today that more than 14 percent of the loan files processed by kroll factual data in 2011, and in the first quarter of 2012, contained certain applicant-provided information that suggested the possibility of fraudulent activity. |
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