Bank To Pay Hundreds Of Millions To Settle Claims Of Reckless Lending
* One of biggest US lawsuits over risky home loans * HUD incurred losses when some of the loans defaulted * Damages to b...
* One of biggest US lawsuits over risky home loans * HUD incurred losses when some of the loans defaulted * Damages to b...
HuffingtonPost.com | Bonnie Kavoussi | Posted 02.13.2012
Top law enforcement officials in several states are signaling they will pressure Fannie Mae and Freddie Mac to correct what is widely seen as one of t...
HuffingtonPost.com | Michael McAuliff | Posted 02.02.2012
WASHINGTON -- House Speaker John Boehner thinks it's about time for the government to stop trying to aid people with underwater mortgages. Respondi...
The Huffington Post | Ann Brenoff | Posted 11.23.2011
One of the nation's major mortgage insurers filed for Chapter 11 bankruptcy protection Wednesday -- a move that's seen as a blow to lenders and ultim...
AP | ALAN FRAM | Posted 01.17.2012
WASHINGTON — A weekend government shutdown that neither party wanted was averted when Congress approved a compromise spending bill Thursday, as ...
Posted 11.15.2011
The Federal Housing Administration's cash reserves have dropped so low that there is a close to a 50 percent chance it could run out of funds and ...
Posted 01.01.2012
The government sued Allied Home Mortgage Capital Corp and two top executives for at least $2.5 billion, accusing the company of fraud for misleadi...
Paul Boden | Posted 11.28.2011
It is time we put an end to the federal government selling off precious publicly owned housing stock and reinvest in people and housing as a human right, not a commodity.
Matthew Dornic | Posted 11.26.2011
In less than a week, the home buying power of millions of Americans will be crippled by an average of $68,000. Some markets will experience declines as high as $250,000. That is, unless Congress intervenes before Oct. 1.
Jason Alderman | Posted 11.12.2011
Reverse mortgages are touted as a great tool for seniors to tap their home equity to pay off bills while remaining in their homes with no monthly mortgage payments. Although that may be true for some people, these complicated and costly loans aren't right for everyone.
The Huffington Post | Alexander Eichler | Posted 09.11.2011
Subprime borrowers have been largely unwelcome in the lending market since the financial crisis, but it's becoming easier for them to get a home loan....
HuffingtonPost.com | Shahien Nasiripour | Posted 07.16.2011
WASHINGTON -- A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of ...
HuffingtonPost.com | Shahien Nasiripour | Posted 07.03.2011
The Justice Department sued Deutsche Bank AG, one of the world's 10 biggest banks by assets, on Tuesday for at least $1 billion for defrauding taxpaye...
Posted 05.25.2011
NEW YORK: Fannie Mae and Freddie Mac are in discussions with U.S. government officials to join government programs aimed at reducing mortgage balances...
Jerry Chautin | Posted 05.25.2011
Near term, economists tell us that less homebuyers and more apartment renters are in our future. Yet, the Mortgage Bankers Association reports that ...
AP | ALAN ZIBEL | Posted 05.25.2011
WASHINGTON — Higher monthly fees are coming for consumers who take out home loans guaranteed by the Federal Housing Administration, the primary ...
Tom Silva | Posted 05.25.2011
The Obama administration - fresh on the heels of its financial regulation reform legislative victory - has now set its sights on the housing market. P...
AP | ALAN ZIBEL | Posted 05.25.2011
WASHINGTON — The nation's largest banks have an obligation to pay some of the cost for bailing out mortgage buyers Fannie Mae and Freddie Mac be...
Washington Post | Brian Grow | Posted 05.25.2011
A crackdown on reckless mortgage lenders by the Federal Housing Administration has failed to root out several executives with criminal records whose f...
AP | ALAN ZIBEL | Posted 05.25.2011
WASHINGTON — The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist ...
Bloomberg | Oshrat Carmiel | Posted 05.25.2011
Whitney Gollinger, marketing chief for a Manhattan condo building with an outdoor movie theater and panoramic city views, is highlighting a different ...
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
The House GOP launched an assault Thursday on homeowners who walk away from underwater mortgages, arguing that such foreclosed-on former homeowners ar...
GEORGE SOROS | Posted 05.25.2011
With the private sector largely incapacitated, the GSEs and FHA became virtually the only source of mortgage financing. This is a paradoxical situatio...
Jerry Chautin | Posted 05.25.2011
But the time is right to merge Fannie Mae and Freddie Mac and form three separate companies. That is the best way to lead the GSEs out of federal conservatorship and repay the taxpayers.
nytimes.com | DAVID STREITFELD | Posted 05.25.2011
More than one in 10 mortgage holders in Elkhart is seriously behind on payments. The median sales price has plunged to the level of a decade ago. Many...
Reuters | Posted 05.11.2012