Headlines and Blogs from Around the Web
A Republican member of the U.S. Securities and Exchange Commission blasted other government regulators on Monday for requiring JPMorgan Chase & Co to pay $13 billion to resolve allegations of mortgage misdeeds tied to the financial crisis.
When many seniors lose their spouse, they can no longer afford to keep their home on a single retirement income.
Jim Pietrocini has joined the jumbo adjustable-rate mortgage party. In early December, he refinanced his 4,600-square-foot Carlsbad, California, home that overlooks the Pacific Ocean.
Too Big to Fail Banks and the financial consolidation that created them are hot topics.
Billions of dollars in foreclosure settlements between big banks and government regulators haven’t helped Laura Biggs. The California woman is scheduled to lose her home nine days before Christmas because her mortgage company concluded that the house is no longer the primary residence of her husband, who’s been dead since 2003.
Read more here: http://www.bnd.com/2013/12/09/2945511/bank-might-foreclose-on-home-becau...
The mortgage business is dwindling, thanks to a strengthening economy that has caused 30-year mortgage rates to jump from 3.34% one year ago to the current 4.46%.
The city of Los Angeles has filed a lawsuit against Bank of America in U.S. federal court in California, accusing it of discriminatory mortgage lending in the city's minority communities.
The judges of Maryland's top court are subject to the second-best financial disclosure rules in the country, according to a national study. But the report found that transparency is so bad nationwide that no state got a letter grade higher than "C."
David H. Stevens, president & CEO of the Mortgage Bankers Association (MBA), said today that independently owned and operated mortgage bankers are the building blocks of MBA membership.
Eight years since the American homeownership rate hit its peak, the market for single-family rental securitizations is set to grow larger and larger.
Banks from JPMorgan Chase & Co. to UBS AG are marketing $3 billion of commercial-mortgage bonds amid a rush to refinance commercial-property loans.
Three of the five financial giants that struck a deal with the government over mortgage servicing abuses in 2012 are still violating provisions of that agreement nearly two years after the deal was announced, the National Mortgage Settlement (NMS) Monitor reported Wednesday.
Three years into her home-ownership dream, Martha Orozco has had enough. Stuck in a government-sponsored complex called Parque San Mateo that’s two hours away from her $8,000-a-year job as a hospital secretary in Mexico City, Orozco sees only broken promises and blight all around her.
The Los Angeles city attorney sued Wells Fargo and Citigroup on Thursday, alleging the companies engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the housing crash.
The Mortgage News Ticker is a collection of news articles, magazine stories and blog posts from around the web. The opinion expressed are those of the news sources and do not reflect that of National Mortgage Professional Magazine, NationalMortgageProfessional.com, NMP Media Corp. or its affiliates.