Headlines and Blogs from Around the Web
A federal judge on Monday recommended that a large firm that reviewed mortgages for Wall Street banks turn over e-mails and other data that may help the government decide which banks to sue for packaging shoddy mortgages into securities that fueled the financial crisis.
The collapse of two Bear Stearns hedge funds in 2007 was among the earliest signs of the impending financial crisis. More than six years later, lawyers continue to fight over the cause of their demise.
Rising mortgage rates have plagued the housing market for months, having an impact on home affordability and leading some to predict the end of the housing market's recent rebound. But are would-be homebuyers overreacting to the rise in rates?
For Bank of America and Wells Fargo , or even the government-sponsored entities such as Freddie Mac , mortgage lending is big business.
“Wow! I’m actually gonna be a homeowner!” That’s the first thought that came to the mind of U.S. Army veteran James Stone when he found out that J.P. Morgan Chase is giving him a mortgage-free home in Jacksonville.
Those who populate the canyons of Wall Street are nothing if not creative. We’ve all heard of mortgage-backed securities and the havoc they wreaked on financial markets
Non-traditional mortgage loans are, to be honest, kind of tough to define. They aren't, by the Federal Reserve's definition, subprime, but they're certainly not top quality, either.
Bank of America Corp. has been under immense pressure since the start of the year as it continues to grapple with increased lawsuits emanating from its dealings in the Mortgage industry.
Bank of America Corp asked a federal court on Friday to throw out two U.S. government lawsuits accusing the nation's second-largest bank of defrauding investors during the financial crisis.
The head of the Federal Reserve Bank of New York said Thursday that some of America’s largest financial institutions appear to lack respect for the law, a potentially explosive charge against an industry already roiling from numerous government investigations into alleged wrongdoing.
Fifth Third Bank has laid off employees at its corporate center in uptown Charlotte as it responds to declining demand from borrowers to refinance home loans, the bank confirmed Thursday.
In 2011, President Obama's Federal Housing Finance Agency (FHFA) made financial history when it filed civil suits against Bank of America (BAC) and other mortgage lenders.
Troy-based Flagstar Bancorp has entered into a $121.5 million agreement to resolve issues relating to mortgage loans that were sold to Fannie Mae but later went bad.
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.