Archive for the ‘Mortgage News’ Category
Deal Is Closer for a U.S. Plan on Mortgage Relief – New York Times
The biggest remaining holdout, California, has returned to the negotiating table after a four-month absence, a change of heart that could increase the pot for mortgage relief nationwide to $25 billion from $19 billion. Another important …
Go to Source
A Mortgage Tornado Warning, Unheeded – CNBC
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 …
Go to Source
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 …
Go to Source
Mortgage rates: new record lows. Again. – The Christian Science Monitor
The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed. Mortgage buyer Freddie Mac said …
Go to Source
Is mortgage industry running out of money? – The Vancouver Sun
The Canadian mortgage industry has long been lauded for its stable lending criteria and ability to hold the fort during the worldwide recession. Through the wonderful blue sky of 2.99-per-cent 5-year fixed money, however, is a storm of international and …
Go to Source
Was The Robo-Mortgage Scandal Just The Back-End Of Much Bigger Crimes? – The Business Insider
Yesterday, I wrote an article titled The Proposed Robo-Mortgage Settlement Might Give Banks A Free Pass. At the time the deadline for states Attorney’s General to sign on to the settlement was today. It has now been pushed back to February 6. In the …
Go to Source
TEXT-Fitch assigns Lowland Mortgage Backed Securities 1 B.V final ratings – Reuters
Feb 01 – Fitch Ratings has assigned Lowland Mortgage Backed Securities 1 B.V’s EUR3.793bn mortgage-backed notes final ratings, as follows: EUR538,600,000 floating-rate class A1 mortgage-backed notes: ‘AAAsf’; Outlook Stable EUR2,799,300,000 …
Go to Source
