Adding new uncertainty in the state's ongoing mortgage crisis, a Texas company is aggressively pursuing hundreds of Californians to collect second-mortgage debt -- on homes they've already lost through foreclosure.
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Firm Targets Calif. Homeowners With Foreclosed 2nd Mortgages
Posted by mortgage 1 hour 56 minutes ago (Editorial)
H&R Block hires one-time subprime mortgage executive as its chief financial officer
Posted by mortgage 1 hour 56 minutes ago (Editorial)
H&R Block Inc. has chosen a former executive in General Electric?s subprime mortgage operation to be the tax preparer?s chief financial officer.
What you should know about reverse mortgages
Posted by mortgage 1 day 1 hour 56 minutes ago (Editorial)
The most popular type of reverse mortgage is the federally insured reverse mortgage backed by the U.S. Department of Housing and Urban Development, known as a Home Equity Conversion Mortgage, or HECM.
FINRA Fines Citigroup Global Markets $3.5 Million for Providing Inaccurate Performance Data Related to Subprime ...
Posted by mortgage 1 day 1 hour 56 minutes ago (Editorial)
The Financial Industry Regulatory Authority announced today that it has fined Citigroup Global Markets, Inc. $3.5 million for providing inaccurate mortgage performance info
FDIC sues big banks over subprime mortgage losses
Posted by mortgage 1 day 1 hour 56 minutes ago (Editorial)
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.
AIG ventures back into subprime mortgages
Posted by mortgage 3 days ago (Editorial)
American International Group, the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it's different.
AIG Wagers on Subprime Betting Second Time Different: Mortgages
Posted by mortgage 6 days ago (Editorial)
American International Group Inc. (AIG) , the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it?s different.
Bankruptcy Aims To Free Ally of Bad Mortgage Assets After Auto Rescue
Posted by mortgage 8 days ago (Editorial)
Ally Financial, which still owes the government about two-thirds of the $17.2 billion in emergency loans it received as part of the General Motors and Chrysler rescues, nudged its residential mortgage subsidiary into Chapter 11 bankruptcy today to shed toxic mortgage-related securities.
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