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| Reverse mortgages: New gov't regulations to protect seniors CBS Moneywatch (CBS News) You've probably seen the commercials with actors like James Garner and Henry Winkler for reverse mortgages. They are a way for older people to borrow money, but they're also complicated and not right for everyone. Now, the Federal Housing ... See all stories on this topic » | ||
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| Subprime student loans differ from mortgages Housing Wire The most important distinction between the student loan and mortgage markets, apart from size (the mortgage market was nearly $11 trillion at the peak), is that the world's most creative lenders, big U.S. banks, are hardly involved. In mid-2010, the ... See all stories on this topic » | ||
| Venezuelan Government Increases Banking Sector's Obligation to Fund ... Venezuelanalysis.com The percentage of the fund destined toward mortgages has increased 4% from last year, with the president of Venezuela's National Housing Bank (Banavih), Mario Isea, explaining that the move is aimed at "increasing the people's access to mortgages". See all stories on this topic » | ||
| Friend or Foe? Mortgage Rules Show Two Faces Fox Business Some of the new mortgage rules the Consumer Financial Protection Bureau has issued this year will influence qualification requirements and the types of mortgages that borrowers get. The new standards go into effect next year -- but expect lenders to ... See all stories on this topic » | ||
| S&P exposed for role in banks' mortgage fraud Workers World A lawsuit was filed in federal court Feb. 4 by the U.S. Justice Department against Standard & Poor's for massive fraud in its ratings of securities comprised of subprime, Alt-A and other exotic mortgages. Subprime mortgages are predatory loans with ... See all stories on this topic » | ||
| Mortgages: Published 2.16 Troy Messenger MERS and Proficio Mortgage Ventures Diana L. and William K Beach, $226,950, 108 Emerald Drive. Wells Fargo Bank National Association to Dorothy Q., G. Perry (Jr.), and Gamaliel P. Green, No amount given, 513 E Collegedale Street. PNC Bank to ... See all stories on this topic » | ||
| Feeling Good About Housing, With Old Mortgages Being the Buzzkill TheStreet.com "Home sales are on a sustained uptrend, mortgage interest rates are hovering near record lows and unsold inventory is at the lowest level in 12 years," says Lawrence Yun, chief economist at the NAR. "Home sales are being fueled by a pent-up demand and ... See all stories on this topic » | ||
| Government to push banks on mortgages Irish Times The Government and the Central Bank are discussing moves to force the banks to tackle their mortgage arrears as part of a new push to overcome the personal debt crisis. The aim is to help tens of thousands of homeowners who cannot repay their mortgages... See all stories on this topic » | ||
| Folk2Folk Introduces P2P Mortgages for Cornwell and Devon Properties P2P-Banking.com Folk2Folk launches a p2p lending services for interest-only loans that are secured by first mortgages. A borrower may use the home he lives in as security, the services aims at residential buy to let, holiday homes, commercial or industrial premises ... See all stories on this topic » | ||
| Buy-to-let at highest level in four years Financial Times The number of buy-to-let mortgages reached its highest level in four years in 2012, as landlords benefited from strong tenant demand. Gross buy-to-let lending reached £16.4bn last year, which was 19 per cent higher than the £13.8bn advanced in 2011, ... See all stories on this topic » | ||
| Wells Fargo Targets U.K. as European Banks Retreat: Mortgages San Francisco Chronicle Feb. 15 (Bloomberg) -- Wells Fargo & Co., the lender that's expanding its securities unit to challenge Wall Street competitors, is broadening U.K. commercial property lending as European banks are forced to retreat. "Coming in now, when there is ... See all stories on this topic » | ||
| Yeadon man faces charges in $20M mortgage fraud Delaware County Daily Times PHILADELPHIA — A Yeadon man was charged Friday with participating in a mortgage fraud conspiracy involving more than 100 Philadelphia properties and more than $20 million in fraudulent loan proceeds, the U.S. Attorney's Office announced. See all stories on this topic » | ||
| Ramsey, Hennepin sue mortgage registry over lost fees Minneapolis Star Tribune Ramsey and Hennepin counties are suing a Virginia-based national home mortgage registry, alleging that they've lost potentially millions because the company failed to record mortgage transfers with the counties as required, they claim, under state law. See all stories on this topic » | ||
| How Much Fraud Was There Among Mortgage Originators? Daily Beast There's no question that there was a fair amount of mortgage fraud during the financial crisis. But where did it come from? Actually, that's not the right question: we know where it came from. Borrowers and mortgage brokers falsified the documents. See all stories on this topic » | ||
| Strategic default: Is it OK to walk away from home? Las Vegas Review - Journal More than five years into the housing crisis and despite recent improvements in home prices, these homeowners wonder whether they should continue to pay their mortgages or simply let go and walk away. Depending on which state you live in, you should ... See all stories on this topic » | ||
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| Mortgage lenders make room for upcoming CFPB regulations Housing Wire The 800-page document, most commonly labeled as the Ability-to-Repay Rule, was created in response to the flood of foreclosures caused by the financial crisis. This collection of regulations requires mortgage lenders to make good-faith efforts to ... See all stories on this topic » | ||
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| Reverse Reper- Cussions nwitimes.com We have spoken with several lenders recently about a reverse mortgage. Our property is worth roughly $400,000 and we have been told that we could get a $200,000 lump-sum payment or monthly payments ranging from $700 to $1,200. Why can't we get a ... See all stories on this topic » | ||
| Ramsey, Hennepin Counties Sue Mortgage Registry CBS Local ST. PAUL, Minn. (AP) — Prosecutors in the Minneapolis-St. Paul area sued a nationwide mortgage registry Friday, saying the company and its member mortgage lenders may have cost Minnesota counties millions of dollars by deliberately failing to register ... See all stories on this topic » | ||
| Minn. counties sue over mortgage fees Minnesota Public Radio MINNEAPOLIS — Hennepin and Ramsey counties are suing a national registry of mortgages to recover unpaid fees. The counties accuse Virginia-based Mortgage Electronic Registration Service, or MERS, of allowing large lenders to transfer mortgages... See all stories on this topic » | ||
| Ramsey, Hennepin counties sue over mortgage recording fees, records laws Pioneer Press Ramsey and Hennepin counties are suing a private mortgage registrar, claiming it evades a state law that requires a $46 registration fee whenever a mortgage changes hands, costing millions in lost revenues. The county attorneys are targeting MERS, the ... See all stories on this topic » |
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| National Mortgage News - Research Finds MBS Key for Fixed-Rate ... U.S. consumers and advocates generally grew fonder of fixed-rate mortgages while criticizing securitization in the wake of the downturn. National Mortgage News | ||
| Canada home sales up in January as correction fears ease ... By Canadian Press Mortgages& Real Estate ... Ottawa's efforts to cool overheated mortgage borrowing and home values have helped, but prices and construction are both still excessive, the IMF warned this week. Read more. Sales were up 1.3% in January from ... Financial Post - Top Stories | ||
| Support for Servicemembers with Underwater Mortgages By TransWorldNews There are thousands of servicemembers and veterans who are dealing with underwater mortgages, but there is help for these people. TransWorldNews Blog |
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| Qualified mortgages explained > Consumer Financial Protection ... We estimate that the vast majority of loans originated today will meet the standards for a "Qualified Mortgage" so long as creditors follow the required procedures ... www.consumerfinance.gov/.../qualified-mortgages-explained/ | ||
| 'Life Rafts' Keep Underwater Mortgages in San Bernardino Afloat: Fed In a recent blog post from the Federal Reserve Bank of New York, three Fed researchers shared their findings on mortgages that would have been targeted by a ... www.dsnews.com/.../fed-post-life-rafts-have-kept-underwater-... | ||
| Feeling Good About Housing, With Old Mortgages Being the Buzzkill ... The mortgage delinquency rate stays high, with blame going to hangover from Great Recession homebuyers. www.thestreet.com/.../feeling-good-about-housing-with-old-m... | ||
| 30-Year Fixed Rate Mortgages Hold Steady - Inlanta Mortgage - 20 ... According to Freddie Mac's Primary Mortgage Market Survey (PMMS) average 30 -year fixed rate mortgages held steady for the week ending February 7, 2013. www.inlanta.com/30-year-fixed-mortgage-rates-hold-steady-3/ | ||
| Reverse Mortgages | Spurr Mortgage reversemortgage Just the name can scare a lot of people away from this great option to finance a home improvement, pay off your current mortgage, supplement ... spurrmortgage.com/reverse-mortgages/ |
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