Headlines and Blogs from Around the Web
Bank of America (BAC) has now joined JPMorgan Chase (JPM) in a special category called: Banks That Agreed to Pay Billions in Fraud Fines While No Executives Have Gone to Jail.
Bubble fears in certain housing markets across the country seeing substantial pricing gains are ultimately unfounded, says an article in the most recent CoreLogic The MarketPulse.
Goldman Sachs Group Inc. failed to persuade a federal judge to again throw out a securities lawsuit over residential mortgage-backed securities it sold in 2007 after an appeals court overturned an earlier decision.
In a note to clients, Ballard Spahr warns that the head of the New York State Department of Financial Services is only going to get more aggressive in his crusade against perceived wrong-doers.
January’s reverse mortgage volume trends have both positives and negatives with a monthly jump offset by a yearly decline, but the real story is about where that growth is—or isn’t—occurring, suggests Reverse Market Insights.
Freddie Mac and its economists would like to answer the old question "are we there yet?" with "there" in this case meaning anywhere close to a normal housing market.
The past year has seen an increase in settlement payments by JPMorgan Chase, with $4 billion agreed to or paid resolving claims of the bank’s possible knowledge of fraud and market manipulation by its former employees in just the “London Whale” and Madoff cases.
Louis Ragusa, who hasn’t paid his mortgage in two years, says he now has a chance to save his Blackwood, New Jersey, home from foreclosure after a hedge fund bought the loan.
It’s been a year of great change and the new normal is emerging for residential mortgage-backed security servicers, especially those focusing on the severely delinquent mortgage loans segment, according to the findings in the Fitch Ratings quarterly servicing index.
Good news for people shopping for a mortgage -- and for current homeowners facing foreclosure because they can no longer afford their home loan: New mortgage regulations drafted by the Consumer Financial Protection Bureau recently took effect and they provide a slew of new rights and protections for consumers.
While national home prices don’t appear to be entering bubble territory any time soon, certain local housing markets on the other hand are beginning to show signs of bubbling up, according to Trulia’s latest Bubble Watch.
Carrington Mortgage Services LLC wants to boost lending to “underserved” borrowers with FICO scores below 640 — “a sizable market that is largely ignored by today’s lenders,” the company said today in announcing it’s loosening underwriting on FHA, VA and USDA loan programs, extending eligibility to more property types and reducing overlays.
Redwood Trust Inc. (RWT:US), the biggest issuer of U.S. home-loan securities without government backing last year, ended a four-month absence from the market with a $341.9 million transaction.
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.