New York Mortgage Trust, Inc. 33% Increase in Second Quarter 2008 Common Stock Dividend (PR Newswire via Yahoo! Finance)
New York Mortgage Trust, Inc. announced today that its Board of Directors declared a cash dividend of $0.16 per share on shares of its common stock for the quarter ended June 30, 2008.

Second Helping For Bank Shorts - Forbes
Second Helping For Bank ShortsForbes, NY - 3 hours agoCountrywide is holding some $34 billion in worthless second mortgages and faces potential fines in the billions that will be owed to Fannie Mae (nyse: FNM …

Countrywide is Just Part of the Mortgage Problem… (LAist)
Attorney General Jerry Brown recently announced that the State of California has filed a legal suit against Countrywide home mortgage lender for deceptive lending practices that has caused thousands of foreclosures. Brown cites that Countrywide routinely failed to explain complicated and expensive mortgage terms to consumers — a practice that encouraged borrowers to agree to completely …

Mortgage applications fall to 6-1/2-year low; rates drop (USA Today)
Mortgage applications fell for a second week, hitting their lowest level in nearly 6-1/2 years despite a sharp drop in interest rates, an industry group said Wednesday.