Headlines and Blogs from Around the Web
Wells Fargo & Co. (WFC) is selling about $1.3 billion in troubled mortgage debt on behalf of regional bank clients, said two people with knowledge of the offering.
According to a recent regulatory filing by JPMorgan (NYSE:JPM), the bank's loss in litigation costs over and above its legal reserves has risen dramatically.
Perhaps more U.S. banks than at any time in two decades are making it easier to qualify for a mortgage.
The fourth anniversary of the signing of the Financial Regulatory Reform Bill, better known as the Dodd-Frank legislation, passed in late July.
Many have said that the country’s financial institutions operate on a “pay-to-play-dirty” system. Break laws, get caught, pay a fine, go back to breaking laws, wash, rinse, repeat. Financial reform advocates want justice, we want to hear to clicking of handcuffs around the wrists of those executives who lied to American consumers and broke the economy.
Is a recent uptick in housing inflation a fluke? Not really, say researchers at the Cleveland Fed.
Sounding a somber note even as the economic outlook in the United States brightens, the Federal Reserve’s No. 2 official acknowledged on Monday that global growth had been “disappointing” and warned of fundamental headwinds that might temper future gains.
Are you thinking of buying a home, but unsure of how interest rates might impact you? Seeing what the future holds through mortgage rate predictions is essential to getting the right home at the right time!
Sales of U.S. delinquent mortgages are accelerating as lenders rush to meet demand from hedge funds and private-equity firms that has sent prices surging.
It's becoming a sort of ritual for the US government to cut a deal with the Wall Street bankers who caused the 2008 financial crisis.
Questions in homeowners’ assistance arise in BofA settlement. If progress is being made in Bank of America's tentative mortgage settlement with the federal government, no one is saying.
The U.S. Securities and Exchange Commission is investigating whether JPMorgan Chase & Co inappropriately steered private-banking clients to its own investment products and away from those offered by outside firms, the Wall Street Journal reported on Friday, citing people familiar with the matter.
New mortgage rules imposed by the Consumer Financial Protection Bureau Consumer Financial Protection Bureau (CFPB) are driving down mortgages made by banks, according to a new report by the Federal Reserve.
Florida and Nevada have seen the largest home price declines since the housing market peaked in 2006, but when Citigroup paid $7 billion in fines in July and JPMorgan Chase paid $13 billion in fines in November to settle mortgage-related lending abuses, neither was among the five states that got individual cash payouts.
As much as 20 percent of home equity lines of credit worth $79 billion are at increased risk of default as their payments jump a decade after the loans were made during the U.S. housing boom, according to TransUnion Corp.
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.