Headlines and Blogs from Around the Web
Charlotte-area real estate officials are bracing for new federal mortgage rules intended to press lenders to ensure that prospective borrowers are able to repay home loans.
Bank of America and its subcontractors placed obstacles in the way of troubled borrowers seeking loan modifications, including losing their paperwork, according to Bloomberg, citing nine former employees of a BofA vendor.
A federal judge will soon decide how much Bank of America should pay for some of Countrywide Financial Corp.'s sins in the lead-up to the financial crisis.
Credit raters failed to follow their own criteria, allowed research analysts to discuss fees with issuers and kept incomplete records, according to a report from the U.S. Securities and Exchange Commission.
Corporate America has long known the public relations power of putting a big dollar number on a deal.
Morgan Stanley (MS:US) and Bayerische Landesbank agreed to end litigation over almost $486 million worth of residential mortgage-backed securities, according to a court filing.
In case you missed it… here’s what happened in reverse mortgage news this week.
US and European regulators fined banks record amounts this year, imposing penalties and settlements of more than $43bn as authorities work more closely across borders to clean up the financial sector.
For years, financial advisors have told mortgage borrowers to lock in low fixed-rate mortgages.
The plaintiffs in a federal lawsuit filed last year by 41 Kentucky counties against an organization established by major lending institutions to allow them to transfer mortgages outside of public view and avoid paying recording fees for such trades have filed a motion asking a federal judge to reconsider his decision to dismiss the complaint.
The nation's largest mortgage lenders are rushing to keep up with the latest flip-flop from the agency that oversees mortgage giants Fannie Mae and Freddie Mac, the Federal Housing Finance Agency.
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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.