Second Mortgage Loans

BofA's Desoer Will Retire After Helping Guide Mortgage Overhaul - BusinessWeek

Bloomberg

BofA's Desoer Will Retire After Helping Guide Mortgage Overhaul BusinessWeek 3 (Bloomberg) -- Bank of America Corp., the second- biggest US lender by assets, said home loans President Barbara Desoer is retiring after aiding a reorganization under co-Chief Operating Officer David Darnell. Desoer, 58, who has spent 34 years at ... Bank of America home loans president retiringReuters Bank of America's Desoer to retireCharlotte Observer Bad news for Countrywide MBS investors: LA judge tosses BofAThomson Reuters News & Insight all 27 news articles »

Goldman to face mortgage debt class-action lawsuit - Moneycontrol.com

Moneycontrol.com

Goldman to face mortgage debt class-action lawsuit Moneycontrol.com These investors claimed they lost money in the GSAMP Trust 2006-S2, a USD 698 million offering of certificates backed by second-lien home loans made by New Century Financial Corp, a California subprime mortgage specialist that went bankrupt in 2007. Goldman Sachs Faces Mortgage Debt Class-Action Lawsuit Over Misleading InvestorsHuffington Post Class-Action Lawsuit Against Goldman Sachs ApprovedBusiness Insider all 28 news articles »

Citi Exits Broker Biz; Fed Addresses Sticky Second Mortgage Situation - Mortgage News Daily

Fox News

Citi Exits Broker Biz; Fed Addresses Sticky Second Mortgage Situation Mortgage News Daily And who knows which agencies or investors will still be around to originate or buy those loans, which leads me to... "Dear Broker Mortgage Lending Clients: Over the last four years, the Broker Lending community has shown great resilience during ... White House proposes aid for underwater homeownersSan Francisco Chronicle Obama pushes new plan for home loan refinancingFinancial Times Rewarding Homeowners for Good BehaviorCenter For American Progress eNews Park Forest -RenewAmerica -ABC News (blog) all 413 news articles »

Mortgage Rates Currently Lower: 30 Year Mortgage Rates at 3.98% - MonitorBankRates.com

MonitorBankRates.com

Mortgage Rates Currently Lower: 30 Year Mortgage Rates at 3.98% MonitorBankRates.com Mortgage rates on 30 year conforming home loans are down slightly and under 4.00% for the second consectutive day. Mortgage rates today on 30 year mortgages are averaging 3.98%, a slight decrease from yesterday's average 30 year mortgage rate of 3.99%. 30-year-mortgage hits record lowFlorida Today Cash Out Volume Hits 16-Year LowNational Mortgage Professional Magazine The Latest on Mortgage Rates: Still LowWall Street Journal (blog) Sacramento Bee -FreeRateUpdate.com all 367 news articles »

Dutch Debt Deduction Threat Seen Undermining Stable Investments: Mortgages - Bloomberg

Bloomberg

Dutch Debt Deduction Threat Seen Undermining Stable Investments: Mortgages Bloomberg Central Bank President Knot has suggested changing the tax deduction so it gradually declines over the life of the mortgage. ING Groep NV (INGA), the country's second-biggest mortgage lender, has proposed phasing out mortgage deductions gradually, ... and more »

Parents Snared in $100 Billion U.S. College Debt Trap Risking Retirement - Bloomberg

Bloomberg

Parents Snared in $100 Billion U.S. College Debt Trap Risking Retirement Bloomberg With the housing crisis, many families can no longer avail themselves of one popular option for financing university studies: taking out a second mortgage. “A plunge in home prices has erased the equity that many homeowners had just a few years ago,” ... and more »

Feds Expand Mortgage Loan Modification Eligibility Under HARP - DigitalJournal.com (press release)

Feds Expand Mortgage Loan Modification Eligibility Under HARP DigitalJournal.com (press release) Due to the economic struggles of the past few years, a variety of loan modification strategies have emerged to keep people in their homes despite financial challenges. For families or individuals whose mortgage obligations significantly exceed the ... and more »