Los Angeles Times House ethics panel clears Rep. Laura Richardson of misconduct Los Angeles Times The House ethics panel found that the mortgage broker for Rep. Laura Richardson (D-Long Beach) submitted fraudulent information to a lender without her …

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House ethics panel clears Rep. Laura Richardson of misconduct – Los Angeles Times

Ambac restructuring may trigger CDS payments Reuters For details, see [ID:nN25237354] The account will include guarantees against default that Ambac sold on roughly $35 billion of mortgage securities, … Swaps Committee Asked If Ambac Triggered Credit Event BusinessWeek Ambac Plunges 24% as Regulator Takes Over Failing Mortgage Products Barron’s (blog) An AIG Lesson From Wisconsin New York Times MarketWatch

Insurance commissioner takes control of $35 billion in mortgage securities Milwaukee Journal Sentinel Wisconsin's insurance commissioner has taken control of $35 billion worth of shaky mortgage -related … Ambac restructuring may trigger CDS payments Reuters Swaps Committee Asked If Ambac Triggered Credit Event BusinessWeek Ambac Plunges 24% as Regulator Takes Over Failing Mortgage Products Barron’s (blog) MarketWatch

Bobsguide (press release) Regulator meets divided response over mortgage review Financial Times The Financial Services Authority (FSA) has met with a divided response from the mortgage industry over its proposals to ban loans that … FSA experiences opposition to 100% mortgage ban FinancialAdvice.co.uk FSA publishes Mortgage Market Review Feedback Statement MyIntroducer.com Treasury Committee hears from Financial Services Authority on Mortgage Arrears DeHavilland (press release) (subscription) Mortgage Strategy

WASHINGTON, March 15 /PRNewswire-USNewswire/ — In a letter to Senate Banking Committee Chairman Chris Dodd (D-Conn.), Congressman Chaka Fattah (D-PA) asked that new Senate regulations on the financial services industry include Fattah’s mortgage relief provisions that are contained in H.R. 4173, the Wall Street and Consumer Protection Act of 2009.

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Fattah Asks Sen. Dodd to Add Mortgage Emergency Assistance to Senate Bill (PR Newswire via Yahoo! News)

Following its report into mortgage arrears and access to mortgage finance, published in August 2009, the committee is seeking evidence on the number of homeowners in mortgage arrears, the number of homeowners who have had their properties repossessed, and forecasts for the trend in mortgage arrears and repossessions over the medium-term.

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MPs launch follow-up mortgage inquiry (Money Marketing Online)

DSNews.com Hamp Champ: What Ever Happened to That Obama Mortgage Modification Plan? ABC News (blog) Because far from the 3-4 million the president had said the HAMP program would help, only 66465 Americans have received permanent mortgage modifications. … Fifth Third Mortgage Company Sees Success in Mortgage Modifications DSNews.com House Committee Investigates HAMP 'Effectiveness' Housing Wire The New HAMP (Home Affordable Modification Program) Crown City News Mortgageorb all 8 news articles

HOUSING: Federal effort to help homeowners revives risky mortgages North County Times Beginning in the late 1990s, mortgage brokers induced homebuyers to take outsized loans by offering multiyear teaser rates with very low monthly costs. … House Committee Opens Investigation Into Treasury's Mortgage Modification Program Huffington Post (blog) Fifth Third Mortgage's HAMP Conversions Near 35% Mortgageorb Fixed Mortgage Modification Rates Still Under 5%— Refinancing Brings Lower … Red, White, and Blue Press (blog) Subprime Blogger (blog)