Headlines and Blogs from Around the Web
Older Americans tend to have more home equity than retirement savings and other financial assets, according to a recent report from the Boston College Center for Retirement Research (CRR). That means people approaching retirement with modest retirement savings and substantial home equity may want to consider the best use of their most valuable asset.
A trade group representing buyers and sellers of corporate loans is challenging new rules aimed at reducing the riskiness of such lending.
Since the recession began in the late 2000s, many homeowners have struggled to keep their homes, often fighting off aggressive and shady foreclosure attempts.
Growing numbers of severe weather events throughout the U.S. may be giving new meaning to "location, location, location" in the housing world.
As the Consumer Financial Protection Bureau (CFPB) continues its crackdown on mortgage lenders for unsavory practices, industry insiders say the bureau’s actions open the gate for further lawsuits and enforcement actings which can weaken already vulnerable companies.
A faith-based shareholder group is asking Bank of America Corp. to separate the jobs of chairman and CEO, laying the groundwork for a potential showdown between the bank and some investors this spring.
The U.S. Securities and Exchange Commission (SEC) agreed to partially waive the additional sanctions that could have been imposed on Bank of America following a record settlement in August over the sale of residential mortgage-backed securities, according to sources familiar with the case in a report from Bloomberg News.
The U.S. Securities and Exchange Commission resolved an impasse over punishing Bank of America Corp. in a mortgage-bond case, clearing the way for the lender to complete a $16.7 billion global settlement, people familiar with the matter said.
If you think a lack of technology adoption among the many rural country recorders' offices is what's slowing adoption of the e-mortgage, you better think again.
With current mortgage rates below 4 percent, U.S. home sales are thriving. In October, despite a limited number of home for sale nationwide, sales of existing homes topped five million units on a seasonally-adjusted, annualized basis, marking the fifth consecutive month in which sales topped that benchmark.
As every day goes by, with more and more wrist slaps of crooked banking and crooked bankers, I am more and more convinced that two of our nation’s top attorneys, Helen Davis Chaitman and Lance Gotthoffer, have it right: The Obama administration, and Eric Holder in particular, have decided to give get-out-of-jail-free cards to all criminal bankers.
Bank of America Corp. and Citigroup Inc. (C) are selling multiple pools of soured U.S. mortgages to meet demand from investment firms that are pushing prices higher, according to three people with knowledge of the matter.
Even as the White House moves to announce an executive order overhauling American immigration policy, many people who bought houses while living here illegally will continue to face fallout from unorthodox real estate deals. Historically, undocumented immigrants have had few options for formal financing, leading to informal arrangements with some risky consequences.
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.