Mortgage Loans

The Housing Market May Finally Be Back For Good

Reuters | Posted 05.29.2012

Read More: Home Buyers, National Association of Realtors, Housing Market, Foreclosure Crisis, Video, Wall Street, Wells Fargo, Reuters, Homeownership, Mortgage Crisis, Bank of America, Mortgage Loans, Homeowners, Housing Crisis, Business News

By Leah Schnurr and Jilian Mincer NEW YORK, May 28 (Reuters) - Kate Carpenter and her husband waited for two years before sensing the ...

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Wall Street's Arrogance Led To Financial Collapse, Documents Show

Bloomberg View | William D. Cohan | Posted 05.07.2012

Read More: Goldman Sachs, Video, Wall Street, Lehman Brothers, Great Recession, Mortgage Loans, Bear Stearns, Hedge Fund, Jenner & Block LLP, Lehman-Brothers, Dick Fuld, Citigroup, Business News

Bloomberg View: If one wants to understand the full complicity of Wall Street in the Great Recession, look no further than the voluminous package...

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Wells Fargo Is Dominating The Mortgage Industry

Reuters | Posted 05.04.2012

Read More: Business News, Mortgage Loans, Mortgage Industry, Mortgage Lenders, Video, Wells Fargo Mortgage, Wells Fargo Mortgage Loans, Wells Fargo, Reuters, Business News

* Wells Fargo made 33.9 pct of US mortgages in 1st quarter * U.S. Bancorp jumps to third from fifth * Ba...

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The Big Problem Burdening Twenty-Somethings

The Huffington Post | Jillian Berman | Posted 03.22.2012

Read More: Auto Loans, Twenty Somethings Debt, Debt, Student Debt, Business News, Mortgage Loans, Credit Card Debt, College Debt, Student Loans, Business News

Many twenty-somethings are carrying around a huge burden. And no, it's not the regret of last weekend's hook-up. Twenty-somethings are holding $45,...

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Even This Isn't Protected From The Foreclosure Crisis

Reuters | Posted 05.08.2012

Read More: Foreclosures, Church, Foreclosure Crisis, Video, Church-Foreclosures, Church Foreclosures 2011, Reuters, Mortgage Crisis, Business News, Mortgage Loans, Church Buildings, Business News

* 2011 a record year for church foreclosures * Churches hit by credit bubble, some devalued. * Churches faulting, strugg...

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Black Borrowers Face Higher Hurdles in Lending, Study Shows

Posted 02.26.2012

Read More: Video, Mortgage Lenders, Lending, Bank of America, Mortgage Loans, Bank of America Countrywide, Real Estate, Racial Discrimination, Home Loans, Black Voices News

By Stefanos Chen This post originally appeared at AOL Real Estate. Qualifying for a loan in today's tight credit market is hard. But add rac...

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Consumers Mostly Complain About Credit Cards To New Agency

HuffingtonPost.com | Ben Hallman | Posted 01.31.2012

Read More: Richard Cordray, Annual Report, Identity Theft, Mortgage Servicers, Cfpb, Billing Disputes, Mortgage Loans, Credit Cards, Business News

The new Consumer Financial Protection Bureau has received about 12,000 complaints over the past six months from consumers who had problems with their ...

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Big Banks Betting Wave Of Mortgage Defaults Will Slow

Reuters | Posted 03.29.2012

Read More: Video, Foreclosure Crisis, Big Banks Mortgages, Big Banks Home Loans, Reuters, Mortgage Crisis, Business News, Mortgage Loans, Big Banks, Home Loans, Business News

* Declining delinquencies spark hope that worst is passing * JPMorgan, Bank of America, Wells Fargo forecast savings * C...

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Watchdog: Fannie, Freddie Improperly Foreclosed On Homeowners

AP | DEREK KRAVITZ | Posted 01.29.2012

Read More: Video, Bush Administration, Congress, Housing Bust, Foreclosure Crisis, Freddie Mac, Loans, Mortgage Crisis, Fannie Mae, Undue Deference, Mortgage Loans, Federal Housing Finance Agency, Financial Regulation, Housing Crisis, Business News

WASHINGTON — A government watchdog said Fannie Mae and Freddie Mac improperly foreclosed on homeowners and cost the government billions of dolla...

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Wells Fargo Sues JP Morgan Over Hundreds Of Mortgage Loans

Posted 11.15.2011

Read More: JP Morgan Chase, Video, Subprime Mortgages, Wells Fargo Sues JP Morgan, Wells Fargo, Mortgage Crisis, Business News, Mortgage Loans, Big Banks, Business News

JPMorgan Chase & Co (JPM.N) was sued by Wells Fargo & Co (WFC.N), which seeks to force it to buy back more than 800 soured mortgage loans that it ...

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Treasury's Toxic Asset Funds Show Big Gain

Posted 05.25.2011

Read More: Marathon Asset Management, Mortgage Loans, Toxic Assets, Treasury Department, Treasury Toxic Asset Fund, Blackrock, Mortgage-Backed Securities, Business News

WASHINGTON: The U.S. Treasury's toxic asset funds have gained 27 percent since they were created to help revive the mortgage-backed securities mark...

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Mortgage Applications Down From Previous Week

AP | Posted 05.25.2011

Read More: Mortgage Applications, Mortgage Loans, Motrgage Applicants, Housing Crisis, Foreclosures, Mortgage Rates, Business News

NEW YORK — Applications for mortgages slipped last week, as a drop in refinance activity offset a gain in purchase applications. The Mortgage B...

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Moody's: Banks Have Written Down 2/3 Of Bad Loans

AP | Posted 05.25.2011

Read More: Writedowns, Bank Lending, Mortgage Loans, Credit Crisis, Credit Markets, Banks Bad Loans, Bank Writedowns, Moody's, Business News

NEW YORK — Moody's Investors Service said Wednesday it appears U.S. banks have written off about two-thirds of the bad loans they're likely to face ...

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Highlights Of The Financial Overhaul Bill (PHOTOS)

HuffPost/AP | Posted 05.25.2011

Read More: Capital-Cushions, Obama Financial Overhaul, Executive Pay, Obama Bank Restrictions, Financial Overhaul, Derivatives Reform, Derivatives Regulation, Government Spending, Oversight, Consumer Protection Agency, Federal Reserve, Credit Rating Agencies, Mortgage Loans, $700 Billion Bailout, Slidepollajax, Business News

Congress just passed a sweeping overhaul of America's financial regulatory system. The financial bill cleared the Senate by a vote of 60 to 39, and ...

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Don't Trust Your Banks: They Are Still Cheating

Georges Ugeux | Posted 05.25.2011

Read More: Bank Accounts, Fdic, Nyse, Advertising, FInancial Markets, President Obama, Banks, Mortgage Loans, Bankers, Credit Cards, Withdrawal, Business News

This letter underscores for me, and millions of other bank customers, that nothing with the banks has changed, and that past deceptive practices are still in force.

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Homeowners In Foreclosure Stop Paying Mortgage

nytimes.com | Posted 05.25.2011

Read More: Mortgage, Mortgage Modification, Mortgage Loans, LPS Applied Analytics, Foreclosure, St. Petersburg, Business News

A growing number of the people whose homes are in foreclosure are refusing to slink away in shame. They are fashioning a sort of homemade mortgage mod...

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Bailout Watchdog To Shine Light On Mortgage Program

AP | ALAN ZIBEL | Posted 05.25.2011

Read More: Mortgage Investigation, Mortgage Modification, Neil Barofsky Mortgages, Mortgage Oversight, Neil Barofsky Investigates, Sigtarp, Mortgage Loans, Neil Barofsky Oversight, Neil Barofsky Mortgage Investigation, Neil Barofsky, Mortgage Crisis, Business News

WASHINGTON — The federal bank bailout watchdog is planning to scrutinize the formula used by mortgage companies to evaluate borrowers for the Ob...

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Concerns Grow About Another Mortgage Giant

nytimes.com | LOUISE STORY | Posted 05.25.2011

Read More: Federal Housing Administration, Mortgages, Freddie Mac, Bailout, FHA Loans, Fha, Loans, Taxpayer Money, Mortgage Loans, Fannie Mae, Government Loans, David H. Stevens, Business News

WASHINGTON -- First it was Fannie Mae and Freddie Mac. Now concern is growing that another government mortgage giant might teeter, just as the nation'...

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Lenders Avoiding Mortgage Modifications: Boston Fed

The Boston Globe | Posted 05.25.2011

Read More: Mortgage Modifications, Making Home Affordable, Mortgage Loans, Boston Federal Reserve, Mortage Modification, Mortgage Crisis, Business News

Mortgage lenders don't try to rework most home loans held by borrowers facing foreclosure because it would probably mean losing money, a study release...

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It's A Very Serious Banking Crisis

Hale "Bonddad" Stewart | Posted 05.25.2011

Read More: Banking, Mortgage Loans, Mortgages, Loans, Business News

The amount of money banks are setting aside to absorb losses is increasing, as is the amount of money they are charging off. Neither of these are good developments.

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New Mortgage Rescue Goes Beyond Subprime

AP | MARCY GORDON | Posted 05.25.2011

Read More: Treasury Department, Subprime Bailout, Mortgage Loans, Project Lifeline, Housing Depatment, Federal Reserve, Subprime Mortgage Crisis, Business News

With mortgage defaults surging and politicians urging the industry to do more, six lenders agreed to widen their effort to help borrowers of all loans...

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