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United States deposit insurer FDIC has sued Deutsche Bank and other big financial groups, seeking damages for mortgage losses. The lawsuit is one more attempt to clean up the subprime mortgage scandal.
MetLife, another big reverse-mortgage lender, is getting out of the business.

A big day for the 1%

Posted by mortgage 20 days ago (Editorial)
The Dow Jones Industrial Average hit 13,338 Tuesday, it?s highest since December, 2007. The S&P 500 added 16 points. Wall Street will remember May 1 as a great day. But most of these gains are going to the richest 10 percent of Americans who own 90 percent of the shares traded on Wall Street. And the lion?s share of the gains are going to the wealthiest 1 percent. Shares are up because corporate
Investors who made some of the biggest profits from the 2007 bust in U.S. mortgages are once again in agreement. This time, they're going long. Hedge fund manager Kyle Bass , who made $500 million betting against subprime debt in the crash, is raising a fund to buy home loan securities.

Does Real Estate Still Mean Big Tax Breaks?

Posted by mortgage 57 days ago (Editorial)
SANTA ANA, CA-- - With reduced home prices and interest rates near historic lows, affordability levels in early 2012 reached their highest point in 42 years according to the National Association of Realtors.Not ...
Homes.org reports on this week's mortgage interest rate activity, including analysis on what is affecting interest rates today and what consumers can expect in the days and weeks to come.(PRWEB) March 25, 2012 This week mortgage interest rates had the largest increase on record for 2012. The Homes.org mortgage rate report found that the strengthening economy and signs of increasing inflation
Marketplace Home Mortgage of Edina seizes on attractive growth potential by joining with AdvisorNet MortgageEdina, Minnesota (PRWEB) March 20, 2012 Poised to take advantage of a reawakening national economy, Twin Cities mortgage lending leader Marketplace Home Mortgage is embracing a new partnership that is certain to strengthen its stature in the industry and create opportunities amid ...
The Consumer Financial Protection Bureau (CFPB) recently unveiled a new monthly mortgage statement that it hopes will better help consumers understand their existing home loans.

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Mortgage How to Get is an informational resource about mortgage news and information.