Investors in Countrywide Financial Corp. mortgage bonds may be owed three times or more of what they?re being offered in an $8.5 billion settlement with Bank of America Corp., a group of Federal Home Loan Banks said.
Published News » Home Mortgage
Mortgage Investors May Be Owed Three Times More in BofA Deal
Posted by mortgage 303 days ago (Editorial)
St. Bernard Parish offers first-time home buyers up to $30,000
Posted by mortgage 303 days ago (Editorial)
Interest-free loans would be forgiven after the buyer has lived in the home for five years
Genworth shares hit by mortgage troubles
Posted by mortgage 303 days ago (Editorial)
Home-mortgage insurer Genworth bulks ups reserves for possible defaults.
Genworth sinks 18% on home mortgage woes
Posted by mortgage 304 days ago (Editorial)
SAN FRANCISCO (MarketWatch) -- Genworth Financial shares sank 18% to $7.73 early Thursday after the mortgage insurer said it would post a net operating loss of 14 cents to 18 cents for the second quarter. Analysts had expected Genworth to post a profit of 24 cents a share, according to FactSet Research. In the pre-announcement issued late Wednesday, Genworth blamed "worsening trends" in its U.S .
MIT Professor Discusses Mortgage Deduction Reform
Posted by mortgage 304 days ago (Editorial)
Robert Siegel talks with William Wheaton, a professor of economics at Massachusetts Institute of Technology, about the home mortgage interest deduction. It's one of the tax breaks being considered for reform under a budget plan proposed by a bipartisan group of senators known as the "Gang of Six."
Bay Equity Home Loans Announces Acquisition of Pacific Bay Financial Mortgage Brokerage
Posted by mortgage 304 days ago (Editorial)
SAN FRANCISCO, CA--(Marketwire - 07/20/11) - Bay Equity Home Loans, one of the San Francisco area's most respected and successful mortgage lending institutions, announced that Pacific Bay Financial Corporation, the longest-standing mortgage brokerage in San Francisco, has joined its team of retail branches. Since its founding in 1985 by Manny & Elfa Kagan, Pacific Bay Financial has established a
A New Life, New Home, New Mortgage
Posted by mortgage 305 days ago (Editorial)
Are you entering a new phase in your life and looking for a new home to match? A major life transition often involves a new home, be it getting married, relocating to a new job or retiring.
California Mortgage Defaults Tumble 19% to Lowest Level in Four Years
Posted by mortgage 305 days ago (Editorial)
A total of 56,633 default notices were recorded statewide in the three months through June, down 17 percent from the first quarter and the lowest number since the second quarter of 2007, the San Diego-based data company said today in a statement.
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