KDB sent offer to Lehman as Korean banks

KDB sent offer to Lehman as Korean banks deny role - MSN UK News SEOUL (Reuters) - State-controlled Korea Development Bank (KDB) proposed buying 25 percent of U.S. bank Lehman Brothers for up to $5.3 billion (2.97 billion pounds), a newspaper reported, but Korean banks rumoured to be joining a bid Source: news.uk.msn.com UPDATE 1-First Horizon sells non-Tennessee mortgage business - Reuters NEW YORK, Sept 2 (Reuters) - First Horizon National Corp (FHN.N: Quote , Profile , Research , Stock Buzz ) said it completed the sale to a subsidiary of MetLife Inc (MET.N: Quote , Profile , Research , Stock Buzz ) of its mortgage origination and mortgage advisor Source: www.reuters.com Bankruptcy filings up in Iowa - KTVO More Local News DES MOINES, IOWA (AP) -- Tough economic times, including mortgage troubles, are sending bankruptcy filings up in Iowa. Officials say bankruptcy filings increased 12 percent during the first eight months of 2008 compared to the same Source: www.ktvotv3.com Lehman's Senior Statesman - Washington Post Lehman lost $2.8 billion in the second quarter and mortgage advisor is expected to post a loss for the third. Its shares have been trading near eight-year lows. (By Daniel Acker -- Bloomberg News) Richard S. Fuld Jr. has guided Lehman Brothers for 14 years. He faces Source: www.washingtonpost.com

Mortgage giants were blind to the bubble -

Mortgage giants were blind to the bubble - Globe and mortgage advisor Mail WASHINGTON Mortgage giants Fannie Mae and mortgage advisor Freddie Mac despite their robust cadre of economists and mortgage advisor mortgage experts failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies particularly Source: www.theglobeandmail.com Rangel paid no mortgage interest on beach house - Washington Post WASHINGTON -- Rep. Charles Rangel paid no mortgage interest on a beach resort property for about 15 years, a lawyer for the powerful House committee chairman says. The New York congressman's lawyer, Lanny Davis, tells The Associated Press that Rangel Source: www.washingtonpost.com Mortgage fraud cases escalate - Augusta Chronicle As the mortgage foreclosure rate has soared across the country, so has mortgage fraud. Anthony Russo, the supervisory senior resident agent for Augusta's FBI office, said not only has the number of mortgage fraud investigations increased but so have Source: chronicle.augusta.com