Second Mortgage Loans

Signed deal won't be enough to make mortgage mess go away - The News Journal

The Guardian

Signed deal won't be enough to make mortgage mess go away The News Journal Second, even if such a deal is reached, the mortgage-related consequences of that extended housing boom are far from over. The latest version of the "deal" holds that more than 40 attorneys general are set to sign an agreement with the banks to end a ... Foreclosure Deal Said to Offer $17 Billion in Mortgage AidBusinessWeek AG Schuette Joins 40 AGs In Foreclosure Settlement To Help Housing Crisis and ...LoanSafe Schuette: Michigan to get $500 million in mortgage mess dealMacomb Daily WWMT all 490 news articles »

Faulty loans, foreclosures cost $72 billion - Detroit Free Press

Bloomberg

Faulty loans, foreclosures cost $72 billion Detroit Free Press Wells Fargo, Bank of America, Citigroup, JPMorgan Chase and Ally Financial, the five largest home lenders during the real estate boom, tallied at least $6.78 billion in new costs tied to mortgages during the second half of 2011, according to data ... Bad Home Loans Top $72 Billion in 'Colossal Failure': MortgagesBusinessWeek 5 Expensive Bank Stocks That are Worth ItTheStreet.com all 28 news articles »

Santander sounds death knell for interest-only mortgages - The Independent

Bloomberg

Santander sounds death knell for interest-only mortgages The Independent The UK's second-biggest mortgage lender has doubled the deposit for an interest-only loan. Spanish-owned Santander has increased the deposit an interest-only borrower must find from 25 per cent of the value of a property to 50 per cent. Homeowners Who Would Be Moguls Make Comeback in UK: MortgagesBusinessWeek all 3 news articles »

Gateway Mortgage Group Experiences Record Loan Volume in 2011 - MarketWatch (press release)

Gateway Mortgage Group Experiences Record Loan Volume in 2011 MarketWatch (press release) Gateway originated more than $672 million in mortgage loan volume in 2011 and experienced its best month in the company's history in December with $78.2 million in originations. September and October closely followed as the second and third highest ... and more »

NY Fed sells $6.2 bln in mortgage bonds to Goldman - Reuters

Wall Street Journal

NY Fed sells $6.2 bln in mortgage bonds to Goldman Reuters * Second major Maiden Lane II sale in three weeks * Allows Fed bank to recoup balance of $19.5 bln loan * Bonds were acquired in 2008 bailout of AIG By Jonathan Spicer NEW YORK, Feb 8 (Reuters) - The Federal Reserve Bank of New York sold $6.2 billion ... Fed Sells $6.2 Billion of Bonds From AIG Rescue to GoldmanSan Francisco Chronicle Goldman Sachs snaps up risky mortgage bondsThe Australian Goldman Buys $6.2 Billion In Mortgage Bonds From NY FedFox Business Boston Globe -4-traders (press release) -Huffington Post all 39 news articles »

PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2011 ... - EON: Enhanced Online News (press release)

PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2011 ... EON: Enhanced Online News (press release) Pre-tax income attributable to the correspondent lending segment was $7.4 million for the quarter, primarily resulting from a $7.4 million net gain on mortgage loans acquired for sale and $1.6 million from interest income. and more »

BofA Stalls Refinance Work as Wells Is 'Open for Business' - BusinessWeek

Bloomberg

BofA Stalls Refinance Work as Wells Is 'Open for Business' BusinessWeek Wells Fargo & Co. and New York-based JPMorgan Chase & Co., the biggest US mortgage lenders, said they aren't stalling customers. The delays may push borrowers to other lenders or discourage them from taking advantage of record low interest rates. Refinancing applications reportedly overwhelm BofAThe Seattle Times all 17 news articles »