mortgage lender

It's not enough these days to have good credit and a steady job, as lenders are increasingly picky when it comes to loan approvals. Here's how to make the best impression.

The federal takeover of IndyMac, a California-based mortgage lender that had $32 billion in assets, has led a lot of folks to wonder whether their own bank will be the next victim of the credit crunch.

Just as Bank of America was winning approval to take ownership of Countrywide, Illinois and California filed lawsuits against the mortgage lender for allowing borrowers to take on loans beyond their means.

Jeff Tyler reports.

Some former executives of the fallen mortgage lender Countrywide are starting a new company to invest in troubled mortgages. Ashley Milne-Tyte reports.