Foreclosure filings surge 65% in April; mortgage rates dip - USA Today
LOS ANGELES — More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65% vs. the same month last year and contributing to a deepening slide in home values, a research company said
Source: www.usatoday.com

Out without warning - Baltimore Sun
Ammone Phavone didn't understand why a sheriff's deputy was on her doorstep with an eviction order. She scurried inside to get her lease. She told him she'd always paid her rent. Unfortunately, the landlords hadn't paid the mortgage. They'd lost the
Source: www.baltimoresun.com

Fannie, Freddie rebound as oversight deal nears - Forbes
Shares of Fannie Mae and Freddie Mac dipped, then staged a rebound Thursday as Senate lawmakers neared a deal to give the government enhanced powers over the two mortgage finance companies. Democrats need Republican support to move housing
Source: www.forbes.com

Thinc Group financial advisers fined record £900,000 by FSA - Times Online
The Financial Services Authority (FSA) has levied a record £900,000 fine on one of the biggest independent financial adviser (IFA) groups for serious failures in selling sub-prime mortgages. The watchdog said that Thinc Group, the mortgage broker
Source: business.timesonline.co.uk