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Peter Boutell, Lending a Hand: Today's mortgage requirements are reasonable Saturday, July 16, 2011 @ 3:52AMSure, compared to just a few years ago, today's qualifications to obtain a mortgage seem strict and unreasonable but a closer look reveals another story.
Dimon Says Mortgage Clash Swells as ‘Everybody Is Going to Sue’ Thursday, July 14, 2011 @ 3:02PMJPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said clashes over faulty mortgages may drag on as investors and regulators demand compensation for soured loans issued at the peak of the housing market.
JPMorgan Chase Profit Jumps Despite Continued Mortgage Woes Thursday, July 14, 2011 @ 12:13PMNEW YORK -- JPMorgan Chase, the second-largest U.S. bank by assets, reported a 13 percent jump in profits, to $5.4 billion, as lending continued to slide, fewer borrowers fell behind on their payments and problems with its mortgage practices again dampened earnings.
Everything is crashing and burning around you: Gaston author takes on financial crisis in 'Black Box Casino' Wednesday, July 13, 2011 @ 5:52PMThis isn’t Truman Capote’s true crime. It’s scarier because we’re all the victims. Robert Stowe England, a product of Gaston County public schools and longtime financial writer, has a real-life thriller headed for bookshelves in September....
Foreclosure fraud investigators forced out at attorney general's office Tuesday, July 12, 2011 @ 9:20PMForeclosure fraud investigators forced out at attorney general's office
Public Safety Tuesday, July 12, 2011 @ 8:35PMUtahns facing default on their mortgages will have an opportunity Thursday to talk directly to representatives of some of the banks who hold or service their loans, including giant Bank of America.
Utah event aims to help avoid foreclosures Tuesday, July 12, 2011 @ 8:20PMUtah event aims to help avoid foreclosures By Tom Harvey The Salt Lake Tribune Published Jul 12, 2011 06:06PM MDT Utahns facing default on their mortgages will have an opportunity Thursday to talk directly to representatives of some of the banks who hold or service their loans, including giant Bank of America. The Utah Housing Coalition and Utah Foreclosure Crisis Coalition, a group of ...
A Huge Problem for New Federal Foreclosure Prevention Efforts Tuesday, July 12, 2011 @ 12:33PMFannie and Freddie, which the government now owns, may refuse to participate
Bank of America Names Laughlin as New Chief Risk Officer Friday, July 8, 2011 @ 3:51PMBank of America Corp. named Terry Laughlin, currently the top manager overseeing soured loans and foreclosures, as the firm’s next chief risk officer after it earmarked another $20.4 billion to cover bad mortgages.
Gazette.Net: 20 percent down payments on homes would stifle recovery, Maryland agents say Friday, July 8, 2011 @ 6:16AMA proposal by federal agencies to require homebuyers to plunk down 20 percent down payments or pay higher fees and mortgage interest rates would add yet another obstacle to a still “fragile” housing market, Maryland real estate agents and mortgage officers say.
Government eases foreclosure rules for jobless Friday, July 8, 2011 @ 12:58AMBanks and mortgage servicers would be required to allow eligible homeowners to defer all or part of their mortgage payments for a year or more, far longer than the several months currently mandated by some existing government programs.
FHA delays foreclosures for unemployed Thursday, July 7, 2011 @ 1:46PMThe day after President Barack Obama admitted to mishandling the housing crisis, his administration took steps toward delaying foreclosures on some unemployed Americans.
Six Questions For Partner’s Derhake Tuesday, July 5, 2011 @ 5:38AMEL SEGUNDO, CA-From ALTA Surveys to phase 1 environmental assessments , the environmental engineers and consultants at Partner Engineering and Science, Inc.
Housing and mortgage trends in 2011 Tuesday, July 5, 2011 @ 5:00AMEvery three months Bankrate takes a look at what's upcoming in the mortgage market.
Big settlement won't be the last Sunday, July 3, 2011 @ 3:52AMNEW YORK - Bank of America's $8.5 billion settlement with investors is the largest any bank has ever paid.
BofA’s $8.5 billion settlement won’t be its last Thursday, June 30, 2011 @ 5:11AMBank of America’s $8.5 billion settlement with investors is the largest any bank has ever paid.
Housing slump to last 3 or 4 more years Wednesday, June 29, 2011 @ 6:40PMThe housing slump has been going on for nearly six years.But it's going to take another three or four years before the backlog of foreclosures that's dragging the market down can be cleared, an Irvine housing consultant told Orange County business leaders Wednesday.The housing...
$8.5B settlement may not end Bank of America's problems Wednesday, June 29, 2011 @ 6:36PMBank of America's $8.5 billion settlement with investors is the largest any bank has ever paid. It might help ease worries about how deep...
BoA to pay $8.5bn over toxic bonds Wednesday, June 29, 2011 @ 6:28PMBank of America, the US financial giant which acquired Countrywide, the nation's largest subprime mortgage lender, at the peak of the credit crunch, will pay $8.5bn (£5.2bn) in the biggest-ever settlement of claims over toxic mortgage bonds.
Preeti Vissa: The Housing Crisis: How to Reach Escape Velocity Wednesday, June 29, 2011 @ 2:17PMOne of the biggest is the investors who actually own the bulk of mortgages. What's missing from that line of thinking is the effect on the overall economy.
Bank of America nears $10.5 billion deal to settle securities claims Wednesday, June 29, 2011 @ 1:20PMBank of America is close to finalising a deal to pay $8.5 billion ($10.5 billion) to settle claims by a group of investors that the bank sold them poor-quality mortgage-backed securities that went sour when the housing market tanked,...
Lydia Fisher: "If You Ever Think You're Too Small to Be Effective, You've Never Been in Bed With a Mosquito!" Wednesday, June 29, 2011 @ 11:34AMMany of us see that something deeply wrong has taken place in the making of this most recent financial crisis. We are united in our "humanness," in our being and desire to be treated with justice and human dignity.
Bank of America's $14 Billion Deal: Everything You Need to Know Wednesday, June 29, 2011 @ 10:48AMWhat has the institution agreed to do, and what do these steps mean for those who have something at stake?
Bank of America near $8.5B mortgage settlement Tuesday, June 28, 2011 @ 11:40PMBlue-chip investors had sued Bank of America Corp. over mortgage-backed securities that collapsed; settlement near
AP Source: Bank of America close to settling investor claims on bad mortgages for $8.5 billion Tuesday, June 28, 2011 @ 9:04PMLOS ANGELES, Calif. - Bank of America Corp. is close to finalizing a deal to pay $8.5 billion to settle claims by a group of blue-chip investors that the bank sold them poor-quality mortgage-backed securities that went sour when the housing market tanked, according to a person familiar with the sett
BofA nearing US$8.5bil deal to settle investor claims Tuesday, June 28, 2011 @ 8:28PMLOS ANGELES: Bank of America Corp. was close to finalizing a deal late Tuesday that calls for the lender to pay $8.5 billion to settle claims from a group of investors who bought mortgage-backed securities from the lender, according to a person familiar with the settlement talks.
AP Source: BofA nearing $8.5B deal on claims Tuesday, June 28, 2011 @ 8:15PMAP Source: Bank of America close to settling investor claims over bad mortgages for $8.5B
AP Source: Bank of America close to settling investor claims over bad mortgages for $8.5B Tuesday, June 28, 2011 @ 8:04PMLOS ANGELES, Calif. - Bank of America Corp. was close to finalizing a deal late Tuesday that calls for the lender to pay $8.5 billion to settle claims from a group of investors who bought mortgage-backed securities from the lender, according to a person familiar with the settlement talks. The Charlo
Bank of America nears deal to settle investor claims Tuesday, June 28, 2011 @ 8:02PMThe investors, which include the Federal Reserve Bank of New York and Blackrock Financial Management, have been pressing the lender for almost a year to buy back defaulted mortgages made by its Countrywide unit.
Goldstein says will take ‘some time’ for housing to recover Monday, June 27, 2011 @ 8:08AMWASHINGTON - Jeffrey Goldstein, the U.S. Treasury Department’s undersecretary for domestic finance, said Friday that it will take “some time” for the housing market to recover from the market’s collapse.
Our housing should be best in the US, but isn't Sunday, June 26, 2011 @ 9:37PMSince 1971, Alaska Housing Finance Corp. has received $1,369,523,000 from the state of Alaska to fulfill its mission: "to provide Alaskans access to safe, quality, affordable housing."
Vice President Joe Biden Raises Praises Obama While Raising Funds in Ohio Sunday, June 26, 2011 @ 1:58PMCOMMENTARY | Vice President Joe Biden spent the day in the Buckeye State cheerleading for liberal ideals Saturday. Progressive Ohioans who could afford the very expensive admission price could listen to Biden share his pearls of wisdom during a nearly 50-minute speech. The Democratic fundraiser garnered approximately $1.5 million.
Local home sales buck nationwide trend Friday, June 24, 2011 @ 1:06AMNew home sales nationally fell in May by 2 1 percent from April, according to the U S Commerce Department, which released the figures on Thursday
City home prices drop slightly, but still above national mark Wednesday, June 22, 2011 @ 9:01AMHome prices in the Johnson City area have dropped slightly in the past year, but continue to outperform national price trends, according to the Federal Housing Finance Agency’s quarterly House Price Index.
Agency left possible fraud unchecked Wednesday, June 22, 2011 @ 6:44AMThe federal agency overseeing Fannie Mae and Freddie Mac , the taxpayer-owned mortgage finance giants, failed to refer to investigators almost 100 complaints about possible foreclosure abuse and mortgage fraud over a recent two-year period, according to a report by the inspector general of the Federal Housing Finance Agency.
Indian River Courthouse news Saturday, June 18, 2011 @ 8:57PMContract and Indebtedness
Netroots Panel Demands Action From Obama On Foreclosures Friday, June 17, 2011 @ 7:06PMMINNEAPOLIS -- Neither Congress nor the Obama administration have shown much initiative to fix the nation's deepening foreclosure problem of late, but the issue remains a dominant subject of activist attention and a major source of middle class anxiety.
Defining a Safe Mortgage: Has It Gone Too Far? Friday, June 17, 2011 @ 10:00AMHow the “qualified residential mortgage” could change home buying as we know it.
Foreclosure delay, delay, delay Thursday, June 16, 2011 @ 4:14PMOminous numbers from RealtyTrac this week. The online marketplace for foreclosure properties says foreclosure filings in May were 33 percent lower than in May 2010, while, at the same time, the inventory of unsold, repossessed homes went up.
Home Builder Sentiment Sours, Falls to Record Low Wednesday, June 15, 2011 @ 10:16AMAfter six months of holding steady the National Association of Home Builder's sentiment survey fell three points in June to 13, as builders face not only competition from distressed properties, but rising costs of materials.
Home Builder Sales Expectations Fall Back to Record Low Wednesday, June 15, 2011 @ 9:16AMAfter six months of holding steady the National Association of Home Builder's sentiment survey fell three points in June to 13, as builders face not only competition from distressed properties, but rising costs of materials.
Fannie Mae offers bonus to Realtors to drive sales of its foreclosed homes Tuesday, June 14, 2011 @ 4:21PMFannie Mae offers bonus to Realtors to drive sales of its foreclosed homes
Polk Foreclosures Saturday, June 11, 2011 @ 10:24PMThese are mortgage foreclosures filed with the civil division of the Circuit Court April 6-21. Names in bold are the subject of or have an interest in the foreclosure action. Lighter names filed the foreclosure action.
Harry Reid to host foreclosure prevention workshop Thursday, June 9, 2011 @ 1:51PMLAS VEGAS (AP) — Senate Majority Leader Harry Reid is hosting a home foreclosure prevention workshop in Reno.
Goldman Vends Litton to Ocwen Wednesday, June 8, 2011 @ 12:55PMOn Monday, The Goldman Sachs Group Inc. announced the sale of its mortgage-servicing subsidiary, Litton Loan Servicing to Ocwen Financial Corp. for about $263.7 million.
Mortgage Market Must Be Balanced - Reuters Breakingviews Tuesday, June 7, 2011 @ 9:32PMAs the government and private industry rewrite home mortgage rules, it is crucial that they settle on the correct size of the future mortgage market.
Fannie Mae updates rules on delinquent loans Monday, June 6, 2011 @ 11:18PMFannie Mae on Monday rolled out new rules that require home-loan servicers to communicate more directly with borrowers who have fallen behind on mortgage payments and expedite arrangements aimed at helping homeowners avoid foreclosure.
BofA Drops to Two-Year Low as Economy Weighs on Moynihan Monday, June 6, 2011 @ 4:16PMBank of America Corp. headed to a two-year low in New York trading on concern that a stalling U.S. job market will drive up costs from bad mortgages.
Fannie Mae Issues Servicing Standards for Delinquent Mortgages Monday, June 6, 2011 @ 2:53PMWASHINGTON, June 6, 2011 /PRNewswire/ - Standards are First Step in Fannie Mae´s Implementation of the Aligned Servicing Requirements Announced by FHFA on April 28, 2011 Fannie Mae today issued new standards for mortgage servicers regarding …
Fannie Mae sets out new rules to smooth foreclosures Monday, June 6, 2011 @ 2:48PMFannie Mae on Monday detailed a list of new rules for home mortgage servicers aimed at streamlining the foreclosure process.