Headlines and Blogs from Around the Web
JPMorgan Chase & Co reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses.
A total of 811 U.S. county housing markets (52 percent) were rated as "better off" than they were two years ago, compared to only 11 percent (176 markets) categorized as "worse off," according toRealtyTrac's 2014 Election Housing Scorecard released on Tuesday.
Lenders and investors are in the midst of a legal battle in Nevada over whether foreclosures made by homeowners associations should have the effect of wiping out a first mortgage.
The weighted average loan age has reached its highest on record at 54 months. And while the average loan age differs significantly by credit score bucket, in general the average loan age has been rising steadily for the past nine years, according to the analytics division of Black Knight Financial Services’ (BKFS) latest Mortgage Monitor Report, based on data as of the end of August 2014.
Mortgage lenders and housing investors are squaring off in Nevada over a court decision that has allowed thousands of foreclosed homes to be sold for pennies on the dollar, in a case that could have big implications on an already-tight home-loan market across the country.
JPMorgan Chase & Co (JPM.N) reported a third-quarter profit as the biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year.
Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets.
Residential Capital LLC for the most part must pursue lawsuits in federal court in Minnesota against lenders who sold it allegedly defective home mortgages.
Bank of America Corp. (BAC), the third-largest U.S. mortgage lender, refused to give Paul Mataska the loan amount he needed last year after he had a six-month layoff from his job in 2012.
Two years ago, MoneyBeat brought you the story of William C. Erbey’s Atlanta-area house. Mr. Erbey is the chairman of mortgage servicer Ocwen Financial Corp. and the company bought the mansion from him for $6.4 million in August of 2012.
It all came down to the meaning of fourteen words.
The headlines are stark when it comes to the retirement of Americans. One quarter of those 50 to 64 have not saved a penny, and 14 percent of those 65 and older are in the same predicament.
Former Federal Reserve chairman Ben Bernanke testified Friday he was concerned that the public and Congress would think that American International Group (AIG) was being treated lightly when it received an $85 billion government bailout in 2008.
A Virginia man has been sentenced for illegally accessing government servers that hosted a Fannie Mae website used to support federal mortgage loan modification programs, the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced on Friday.
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.