NEWS
A Mortgage Tornado Warning, Unheeded - New York Times
Sat, 04 Feb 2012 19:57:26 GMT
 New York Times | A Mortgage Tornado Warning, Unheeded New York Times YEARS before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game. His name is Nye Lavalle, and he first came to ... Halfway home Why Fannie and Freddie Are Hesitating to Help Homeowners On the Trail |
Obama Says Home-Mortgage Relief Plan Will Eliminate US's 'Biggest Drag' - Bloomberg
Sun, 05 Feb 2012 05:59:25 GMT
 Bloomberg | Obama Says Home-Mortgage Relief Plan Will Eliminate US's 'Biggest Drag' Bloomberg “Right now, there are more than 10 million homeowners in this country who, because of a decline in home prices that is no fault of their own, owe more on their mortgages than their homes are worth,” Obama said. It is “wrong for anyone to suggest that ... Obama pressures Congress on mortgage refinance program Obama: Push for mortgage reform Obama: Let's fix the housing crisis |
Mortgage Deal Reached In 2008 Shows Pitfalls To Avoid In Current Settlement - Huffington Post
Sun, 05 Feb 2012 03:09:15 GMT
 PW-Philadelphia Weekly (blog) | Mortgage Deal Reached In 2008 Shows Pitfalls To Avoid In Current Settlement Huffington Post As states gear up to finalize a national mortgage servicing settlement, some are looking to avoid the painful lessons of a 2008 mortgage deal that failed to deliver the help promised to desperate homeowners. Nearly four years ago, 11 states settled ... HUD Secretary Expects “Substantial” Payment of Foreclosure Fraud Settlement ... Foreclosure Accord Said to Ensure Same Terms for All 50 States Finally, A Foreclosure Settlement (Maybe) |
New York Sues 3 Big Banks Over Mortgage Database - New York Times
Fri, 03 Feb 2012 23:48:01 GMT
 USA TODAY | New York Sues 3 Big Banks Over Mortgage Database New York Times Attorney General Eric T. Schneiderman of New York sued three major banks on Friday, accusing them of fraud in their use of an electronic mortgage database that he said resulted in deceptive and illegal practices, including false documents in ... Mortgage fraud unit co-chair sues biggest banks JPMorgan, BofA Sued by New York Over Use of Mortgage Database New York sues 3 big banks over use of mortgage registry database |
Refinancing: Time to Act? - Wall Street Journal
Sat, 04 Feb 2012 04:40:59 GMT
 Bloomberg | Refinancing: Time to Act? Wall Street Journal By JESSICA SILVER-GREENBERG Mortgage rates have been hovering at historical lows for months—but some homeowners are waiting for even better deals before they take the plunge and refinance. Associated Press Townhouses in Beaverton, Ore. Mortgage Rates New Record Low Attracts Attention From Consumers According To ... Mortgage rate falls to record 3.87 percent Mortgage rates: new record lows. Again. |
Homeowners struggle to get mortgage relief - Tulsa World
Sun, 05 Feb 2012 08:32:41 GMT
Homeowners struggle to get mortgage relief Tulsa World By OMER GILLHAM World Staff Writer While the government has taken measures to bolster its mortgage-relief program, local homeowners are still ensnared in red tape with lenders attempting to foreclose on their homes. The Tulsa World interviewed several ... |
Reverse mortgage may be best option for elderly homeowner - Los Angeles Times
Sun, 05 Feb 2012 08:01:32 GMT
Reverse mortgage may be best option for elderly homeowner Los Angeles Times A reverse mortgage would enable an 82-year-old woman who needs cash to tap the substantial equity in her home. By Liz Weston Money Talk Dear Liz: My healthy and active 82-year-old mother is faced with having to sell her home this year because she's ... |
Regulator: Freddie Ceased Mortgage Transactions 'On Its Own' - Wall Street Journal (blog)
Fri, 03 Feb 2012 23:16:09 GMT
 Fox News | Regulator: Freddie Ceased Mortgage Transactions 'On Its Own' Wall Street Journal (blog) By Alan Zibel and Nick Timiraos Freddie Mac stopped investing in certain mortgage derivatives last spring amid a weak market for such transactions, the firm's federal regulator said on Friday, as an uproar continued on Capitol Hill about the ... Attorney General Martha Coakley tells Fannie Mae and Freddie Mac to reduce ... DeMarco "Completely Puzzled" Over Derivatives Flap Senator Demands Answers from Freddie Mac's Regulator |
Real Estate column: A loan modification isn't a new mortgage - Herald Times Reporter
Sun, 05 Feb 2012 10:14:00 GMT
Real Estate column: A loan modification isn't a new mortgage Herald Times Reporter Most homeowners are under the assumption that a borrower must be behind on mortgage payments in order to get approved for a mortgage modification. A loan modification is a way to change the terms of an existing loan in order to help the borrower stay ... |
Profit From Mortgage Debt With MBS - San Francisco Chronicle
Sun, 05 Feb 2012 08:00:56 GMT
Profit From Mortgage Debt With MBS San Francisco Chronicle In its May 2006 edition of Research Quarterly, the Bond Market Association estimated that mortgage debt represents $6.1 trillion of the $25.9 trillion bond market. As more people buy their first homes, move into bigger spaces, or purchase vacation ... |
