Mortgage Loans

New Insurance Rule Could Hike Costs For FHA Lenders - Reverse Mortgage Daily

New Insurance Rule Could Hike Costs For FHA Lenders Reverse Mortgage Daily Recent changes to the Federal Housing Administration's Lender Insurance program could include some rising costs for companies that make FHA loans, once the changes go into effect in February. Targeting fraud and lending violations, FHA issued a final ... FHA Mortgage Rates Remain Below 4 Percent Following Announcement of Fee ...San Francisco Chronicle (press release) Couple need to explore loan optionsDetroit Free Press FHA increases size of mortgages it will insureThe News Journal all 7 news articles »

Freddie Mac Betting Against Struggling Homeowners - NPR

ProPublica

Freddie Mac Betting Against Struggling Homeowners NPR Freddie Mac, formally called the Federal Home Loan Mortgage Corporation, was chartered by Congress in 1970. On its website, it says it has "a public mission to stabilize the nation's residential mortgage markets and expand opportunities for ... Freddie Mac Bets Against American HomeownersProPublica all 14 news articles »

Who benefits from possible $25B mortgage settlement? - USA TODAY

USA TODAY

Who benefits from possible $25B mortgage settlement? USA TODAY After nearly a year of negotiations, federal and state officials and major mortgage servicers are moving closer to amultibillion-dollar settlement over alleged foreclosure and mortgage loan-servicing abuses. A deal could be finalized by early February, ... and more »

HK mortgage loans drawn down fall 16 pct in Dec vs Nov - Reuters

HK mortgage loans drawn down fall 16 pct in Dec vs Nov Reuters HONG KONG, Jan 27 (Reuters) - New mortgage loans drawn down in Hong Kong totalled HK$8.9 billion ($1.15 billion) in December, down 15.8 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed. The value of new mortgage loans ... Residential mortgage loans in negative equity December quarter 20117thSpace Interactive (press release) Hong Kong December New Mortgage Drawn-Down Falls to 3-Year LowBusinessWeek HK new mortgage loans drawndown falls 15.8 pct in Dec.Shanghai Daily (subscription) all 11 news articles »

Banks like Citibank, Wells Fargo expect to spend less on bad mortgages - Economic Times

Banks like Citibank, Wells Fargo expect to spend less on bad mortgages Economic Times 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, ... and more »

Clopton Capital Commercial Mortgage Program Helps Save Commercial Properties - San Francisco Chronicle (press release)

Clopton Capital Commercial Mortgage Program Helps Save Commercial Properties San Francisco Chronicle (press release) The firm wants to announce to the commercial financing users of America that their bridge loan and commercial mortgage services have in fact saved numerous commercial properties from foreclosure and they also want to explain exactly how they achieve ... and more »

California's Harris Seeks Tougher Terms in Refusal to Sign Mortgage Accord - Bloomberg

Bloomberg

California's Harris Seeks Tougher Terms in Refusal to Sign Mortgage Accord Bloomberg Still, she is pushing a broader probe of banks' mortgage practices, including securitization of the loans. The gambit may lead to more favorable terms in a proposed multistate agreement said to be worth as much as $25 billion, and might carry Harris, ... A Victory for the Public on Foreclosures?RollingStone.com (blog) all 8 news articles »