Headlines and Blogs from Around the Web
The Cleveland Federal Reserve is looking at a case in Ohio where the state legislature is looking to allow municipal corporations to file for summary foreclosure on vacant and abandoned residential properties.
Consumer attitudes toward housing and the economy brightened modestly in September, starting the fall season off on a positive note after a tumultuous summer.
Back in 2011 and 2012, the Federal Reserve System (Board) and the Office of the Comptroller of the Currency (OCC) initiated the Independent Foreclosure Review to identify mortgage servicing abuses that homeowners were facing while in foreclosure in order to determine if they could be compensated for their problems.
A Sarasota lawyer was arrested this year for allegedly stealing hundreds of thousands of dollars from homeowners through foreclosure rescue schemes, but most of those who run similar operations will never spend a day behind bars.
To really understand Dan Gilbert, the billionaire owner of Quicken Loans, the nation’s second-largest mortgage lender, it helps to know a little bit about his pumpkin-carving.
Despite the lowest mortgage rates in more than one year, fewer than 16,000 HARP 2.0 loans closed in July 2014, marking the fewest closed loans in any one month in HARP mortgage history.
Mortgages are getting old, a sign that some families are still struggling to get a new loan, while others have already refinanced and are enjoying their cheap monthly payments, according to a report released Monday.
U.S. homeowners are using the HARP loan with less frequency these days. Despite the lowest mortgage rates in more than a year, more than 667,000 U.S. households remain eligible for the Home Affordable Refinance Program (HARP), according to the U.S. government, but have yet to refinance.
The 30-year mortgage is the foundation of the real estate market largely because it makes housing more affordable. But the truth is, it's a lousy loan for building actual ownership or equity in your home during the first 5 or 7 years, which caused big trouble when housing crashed.
The Treasury Department could do more to figure out why some struggling borrowers are failing out of the government’s housing relief programs, according to a new report.
When Judge Royce Lamberth sent Fannie Mae and Freddie Mac shareholders a major setback last week, many of them responded by pointing out the other legal options still available (appeals, and a host of other cases that don’t rely on the Administrative Procedures Act).
Despite seeing a decline in average gross ROI and average gross profit on flipped homes, California still ranked fourth among the 50 states and District of Columbia in flipped homes as a percentage of total sales in Q2, according to RealtyTrac.
In the last decade, peer-to-peer lenders—online platforms that connect credit-seeking consumers directly to potential lenders—have helped customers borrow to refinance student loans, pay off credit card debt and build their small businesses.
Hispanics are likely to drive housing demand in the coming years, with the population expected to more than double to about 128 million by 2060, according to the Vice President of Housing and Community Outreach at Freddie Mac Christina Diaz-Malone.
The Justice Department is planning to investigate and charge several of the world's largest banks with crimes connected to the manipulation of currency exchanges, according to a published report.
Geoffrey Graber, the 41-year-old Justice Department attorney tasked with holding Wall Street accountable for the financial crisis, has a message for his prosecutors: Always be closing.
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.