Despite fixed interest rates being cut to 40-year lows a financial commentator says it's not the start of a full-scale mortgage war.
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Mortgage rates cut but don't expect a war
Posted by mortgage 8 days ago (Editorial)
Big Banks Expect To Spend Less On Problem Home Loans
Posted by mortgage 114 days ago (Editorial)
* Declining delinquencies spark hope that worst is passing * JPMorgan, Bank of America, Wells Fargo forecast savings * Citigroup wary, watching repeat defaults By Rick Rothacker and David Henry Jan 27 (Reuters) - Even as President Barack Obama is calling for more assistance for struggling mortgage borrowers, major banks are looking forward to spending less to handle problem home loans.
Banks expect to spend less on bad mortgages
Posted by mortgage 116 days ago (Editorial)
REUTERS - Even as President Barack Obama is calling for more assistance for struggling mortgage borrowers, major banks are looking forward to spending less to handle problem home loans. The chief executives of JPMorgan Chase & Co and Bank of America Corp , the two biggest U.S. banks, said this month their rate of spending to handle troubled mortgages had topped out and should begin to decline ...
Analysis: Banks expect to spend less on bad mortgages
Posted by mortgage 116 days ago (Editorial)
(Reuters) - Even as President Barack Obama is calling for more assistance for struggling mortgage borrowers, major banks are looking forward to spending less to handle problem home loans. The chief executives of JPMorgan Chase & Co and Bank of America Corp , the two biggest U.S. banks, said this month their rate of spending to handle troubled mortgages had topped out and should begin to decline .
Expect further crackdown on foreclosure fraud violations
Posted by mortgage 336 days ago (Editorial)
The sweeping extent of fraud in the mortgage and foreclosure crisis has the public clamoring for the government to punish those involved in the meltdown, most recently, two Twin Cities men who were found guilty of racketeering.
U.S. mortgage bankers expect fewer home loans (Denver Business Journal)
Posted by mortgage 1064 days ago (Editorial)
The Mortgage Bankers Association is revising downward its 2009 forecast for loan originations.
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