As a home buyer or refinancer, you?d expect to submit recent pay stubs and bank-account statements when applying for a mortgage loan. But a copy of your college transcripts? Or a decade-old divorce decree?
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Amy Hoak's Home Economics: Mortgage borrowers face litany of questions
Posted by mortgage 9 days ago (Editorial)
Wells Fargo Said to Face HUD Scrutiny on Fair Lending
Posted by mortgage 41 days ago (Editorial)
Wells Fargo & Co. (WFC) , the largest U.S. mortgage lender, faces a U.S. probe over claims that it neglects bank-owned homes in minority communities, according to a person briefed on the matter.
Home Buyers Still Face Mortgage Barriers
Posted by mortgage 49 days ago (Editorial)
The housing market is still operating at very depressed levels, despite low interest rates and lots of pent-up demand. But many buyers seeking a mortgage find that the hoops are being held very high. It's tough to jump through them all. From the credit score review to the appraisal process, each step is an ordeal for the potential buyer.
Goldman Sachs May Face SEC Civil Lawsuit Over Sub-Prime Mortage Deal
Posted by mortgage 72 days ago (Editorial)
The Securities and Exchange Commission could file a civil case against Goldman Sachs over a $1.3 billion sub-prime mortgage deal, the bank said in a regulatory filling.
A million homeowners face rising mortgage costs
Posted by mortgage 79 days ago (Editorial)
Some 850,000 borrowers are to see their mortgage costs increase as Halifax declares a mortgage rate rise - the second lender to do so in days.
Wells Fargo, Goldman informed may face SEC action
Posted by mortgage 81 days ago (Editorial)
Wells Fargo, Goldman informed may face SEC action SAN FRANCISCO (AP) ? Wells Fargo & Co. and Goldman Sachs Group Inc. said Tuesday they may face federal enforcement action by the U.S. Securities and Exchange Commission related to mortgage-backed securities. Goldman said its notice centered on an offering underwritten by the firm in late 2006 of about $1.3 billion in subprime residential mortgage
JP Morgan, Goldman Sachs May Face SEC Lawsuits Over Subprime Mortages
Posted by mortgage 83 days ago (Editorial)
The Securities and Exchange Commission is considering civil action against JP Morgan Chase and Goldman Sachs for their role in several subprime mortgage deals.
Halifax customers could face rise in mortgage payments after SVR move
Posted by mortgage 84 days ago (Editorial)
Hundreds of thousands of customers could see their mortgage payments rise after Halifax, Britain?s biggest mortgage lender, said that it is raising the cap on its Standard Variable Rate (SVR) the first ...
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