WASHINGTON -- The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.
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Watchdog: Fannie, Freddie Must Spend Less On Legal Fees For Former Executives
Posted by mortgage 91 days ago (Editorial)
US banks to spend less on problem home loans
Posted by mortgage 108 days ago (Editorial)
NEW YORK - 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.
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.
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 .
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 ...
Home buyers to spend half of take-home pay on mortgage
Posted by mortgage 365 days ago (Editorial)
Home buyers will spend more than half of their take-home pay on their mortgage once interest rates begin to rise again, analysts warned yesterday.
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