LEGISLATION GIVING judges powers to refuse home repossession orders has been withdrawn from the D
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Mortgage arrears Bill withdrawn from D
Posted by mortgage 22 hours ago (Editorial)
Citi Becomes Latest Bank to Cut Off Mortgage Brokers
Posted by mortgage 22 hours ago (Editorial)
Citi put another nail in the coffin of the mortgage brokerage business: It will stop originating home loans through brokers.
N.Y. Attorney General Schneiderman Accuses Banks, Mortgage Registry of Illegal Foreclosures
Posted by mortgage 22 hours ago (Editorial)
The lawsuit accuses banks of creating a registry service that fails to accurately track mortgage ownership and lacks any legal authority to initiate foreclosures.
Have Economists Got It Wrong About The U.S.?
Posted by mortgage 22 hours ago (Editorial)
Five years ago, Federal Reserve head Ben Bernanke said the housing sector wasn't a major economic concern. In fact, most experts failed to see the looming subprime mortgage crisis that sank the U.S. economy. If they were so wrong about the Great Recession, it's possible they could also be blind to a "Great Recovery."
Busy Day In The Mortgage Morass: Judge Allows Class Action Against Goldman
Posted by mortgage 22 hours ago (Editorial)
Judge certifies class action status for investors in $698 deal backed by risky mortgages.
Major Bank Gives Home Buyers Mortgage Aid
Posted by mortgage 22 hours ago (Editorial)
Wells Fargo transformed an L.A. convention center room into a neighborhood for would-be home buyers Friday. The bank?s pilot program is awarding up to $15 million in grants to qualified first-time and returning...
New York sues banks over electronic mortgage system
Posted by mortgage 22 hours ago (Editorial)
NEW YORK (Reuters) - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices. Schneiderman filed the lawsuit against Bank of America Corp , Wells Fargo & Co and JPMorgan Chase & Co in New York state court in Brooklyn. The lawsuit is over the banks ...
Mortgage Rates New Record Low Attracts Attention From Consumers According To BurlingtonMortgage.biz
Posted by mortgage 22 hours ago (Editorial)
BurlingtonMortgage.biz announces that consumer activity rose as mortgage rates fell to new historical lows.Wilmington, NC (PRWEB) February 04, 2012 Home mortgage rates have set yet another record, dropping to new lows for 30 year fixed, 15 year fixed, and 5 year ARM home loans, according to mortgage rate research website, BurlingtonMortgage.biz. This appears to have attracted the attention of ...
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