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Testimony wraps up in NH mortgage fraud case

Jurors will hear final arguments Thursday and begin deliberating whether a Manchester, N.H. man is guilty of orchestrating an elaborate, $13 million mortgage fraud scheme or was just the owner of a failed business, as his lawyers contend. Full story

Rising rates: Impact on housing

   Applications for mortgages have dropped 3 percent last week and the rise in rates seem to be having a large impact on housing. Melissa Cohn, Manhattan Division of Guaranteed Rate; Gina Sanchez, Chantico GLobal; Scott Minerd, Guggenheim Partners; and CN...

Ally 2Q loss widens to $927M on charges

Ally Financial Inc. said Wednesday its second-quarter loss widened slightly, pulled down by more than $1 billion in charges related to its former mortgage banking division. Full story

Financial advice that is popular - and wrong

WASHINGTON (Reuters) - Some financial advice is so oft-repeated that everyone takes it for granted: You shouldn't bring debt into retirement. Debit cards are safer than credit cards. Older folks should invest more conservatively. As they used to say on Seinfeld, yadda yadda yadda. Full story

U.S. mortgage applications fall as rates remain unchanged: MBA

NEW YORK (Reuters) - Applications for U.S. home mortgages decreased last week with potential buyers shying away from the market as rates held steady just below their two-year highs. Full story

Real 'normal' for interest rates around 4.5%: Pro

   David Stevens, Mortgage Bankers Association CEO, gives his read on the direction of mortgage rates, as interest rates move up nearly a full point in the last month or so.

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Articles

California city becomes first to adopt eminent domain plan

Genworth 2Q profit rises, helped by mortgage unit

U.S. regulators moving cautiously on mortgage reforms

Wells Fargo's Uncanny Knack for Sensing Trouble

Why Genworth Earnings Are Set to Soar

Are Mortgage Rates Finally Starting to Hit Housing?

Calif. man gets prison in Nev. mortgage fraud case

ResCap paying $198M for US foreclosure claims

News Summary: US rate on 30-year loan at 4.31 pct.

Wells Fargo to exit mortgage joint ventures

Video

  Is a house still a good investment?

Mike Aubrey of HGTV’s “Power Broker” and CNBC real estate correspondent Diana Olick offer advice on whether a house is still a wise investment and qualifying and shopping around for a mortgage.

  Rising mortgage rates a problem for housing economy

Analysts point to rapidly rising mortgage rates as a sign of an improving economy, but rates are causing problems for home buyers. CNBC’s Diana Olick reports.

  'Wild Wild Web,' Part 2

Is this 'Man of God' all that he seems? Chris Hansen investigates.

  BB&T beats Q2 estimates

Kelly King, BB&T chairman & CEO, discusses how the yield curve is impacting the mortgage business and weighs in on the commercial and retail banking space.

  A beat for Bank of America

Bank of America reported a 70 percent jump in profits. CNBC's Kayla Tausche reports mortgage origination jumped 6 percent this quarter, which is better than its peers JPMorgan and Citigroup.

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Related Photos

Activists of the Mortgage Victim's Platform have their IDs checked by a police officer as they occupy a Banco Popular branch in Valencia
Activists of the Mortgage Victim's Platform have their IDs checked by a police officer as they occupy a Banco Popular branch in Valencia

Activists of the Mortgage Victim's Platform have their IDs checked by a police officer as they occupy a Banco Popular branch in Valencia, July 26, 2013. Activists occupied Banco Popular branches in 20 Spanish cities, demanding the cancellation of the debt of Jose Antonio Gomez Haro, who said he too

Activists of the Mortgage Victim's Platform protest at a Banco Popular branch in Valencia
Activists of the Mortgage Victim's Platform protest at a Banco Popular branch in Valencia

Activists of the Mortgage Victim's Platform protest at a Banco Popular branch, where some 20 activists occupied for five hours, in Valencia, July 26, 2013. Activists occupied Banco Popular branches in 20 Spanish cities, demanding the cancellation of the debt of Jose Antonio Gomez Haro, who said he

Activists of the Mortgage Victim's Platform leave a Banco Popular branch which they had occupied for five hours in Valencia
Activists of the Mortgage Victim's Platform leave a Banco Popular branch which they had occupied for five hours in Valencia

Activists of the Mortgage Victim's Platform leave a Banco Popular branch which they had occupied for five hours in Valencia July 26, 2013. Activists occupied Banco Popular branches in 20 Spanish cities, demanding the cancellation of the debt of Jose Antonio Gomez Haro, who said he took out a Banco

Activists of Mortgage Victim's Platform raise their hands as they occupy a Banco Popular branch in Valencia
Activists of Mortgage Victim's Platform raise their hands as they occupy a Banco Popular branch in Valencia

Activists of Mortgage Victim's Platform raise their hands as they occupy a Banco Popular branch in Valencia July 26, 2013. Activists occupied Banco Popular branches in Barcelona, Malaga and Valencia demanding the cancellation of the debt of Jose Antonio Gomez Haro, who said he took out a Banco Popu