San jose Mortgage News

Woods takes out $54M mortgage on Fla. estate
Fresh off his divorce, Tiger Woods has taken out a $54.5 million mortgage on his Florida waterfront estate. Mortgage documents filed last month in Martin County show Woods will make payments to an entity called JRD Florida Ventures LLC. That is a Virginia company whose registered agent is an attorney with the firm that represented Woods' ex-wife, Elin Nordegren, in their divorce.

Cedar Funding trustee seeks $2.85 million settlement
The bankruptcy trustee for a former Monterey mortgage lending firm is seeking court approval of a $2.

Cedar trustee awaits court OK on $2.85 million settlement with accounting firm
The bankruptcy trustee for a former Monterey mortgage lending firm is seeking court approval of a $2.85 million settlement with Cedar Funding's accounting firm.

Hagens Berman Files Class Action Suit Against Charles Schwab Alleging Fraud
Hagens Berman Sobol Shapiro LLP announced it filed a class-action lawsuit today against Charles Schwab & Co. on behalf of investors who owned shares in the Schwab Total Bond Market Fund as of Nov. 30, 2006.

Lawsuit filed by US Department of Labor
SAN JOSE -- The U. S. Department of Labor is suing a Silicon Valley mortgage company. The Mili Group is being accused of misusing retirement plan assets.

Associated Press Sports Watch
Here's Friday's top national sports stories from the Associated Press

Biz Break: HP victory: Dell drops out of 3Par battle; plus: Google-AOL deal
Today: HP wins the bidding for 3Par. Google will provide search results to AOL for five more years. Cisco intends to buy Arch Rock.

U.S. Economy: Pending Home Sales Unexpectedly Rise
Pending sales of existing houses unexpectedly climbed in July from a record low, indicating the real-estate market is steadying following the end of a government tax credit.