Outlook for U.S. mortgage settlement: partly cloudy – Reuters
(Reuters) – The outlook for securing a broad mortgage settlement that would bring housing relief nationwide has clouded, as California on Wednesday said the latest proposal is inadequate and New York was tapped to help lead a separate mortgage …
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WASHINGTON (Reuters) – A settlement proposal by state attorneys general with the five biggest U.S. mortgage servicers stands out less for what it contains than for what it omits — terms for resolving the most difficult issues dividing regulators and the … Go to Source…
NEW YORK Nov 8 (Reuters) – The number of new foreclosure notices fell 5.5 percent but a slightly larger proportion of mortgages became delinquent in the third quarter of 2010, according to a New York Federal Reserve Bank survey released on Monday. About 2 … Go to Source…
NEW YORK (Reuters) – Investors are backing off worst-case housing scenarios for … Prices in the market for private label MBS — those not backed by Fannie Mae, Freddie Mac — have gained 60 percent to 90 percent in the past 12 months as investors … Go to Source…
The Obama administration is trying to push through a settlement over mortgage-servicing breakdowns that could force America’s largest banks to pay for reductions in loan principal worth billions of dollars. Terms of the administration’s proposal include a … Go to Source…
NEW YORK (Reuters) – Prosecutors sued Allied Home Mortgage Capital Corp and two top executives for at least $2.5 billion, accusing the company of fraudulently misleading the U.S. government into believing its risky loans qualified for federal … Go to Source…
NEW YORK, Jan 25 (Reuters) – A lender need not show physical possession of a note on underlying debt in order to seek foreclosure of a mortgage that has been securitized, a New Jersey court ordered, departing from previous court rulings in the United … Go to Source…
NEW YORK (Reuters) – JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, dashing hopes that consumer credit is on the mend and sending the bank’s shares down 2.1 percent. Wall Street falls as JPMorgan … Go to Source…
“I’m not sure about a national moratorium,” Axelrod told CBS television. “Our hope is that this moves rapidly and that this gets unwound very, very quickly.” Federal Housing Administration Commissioner David Stevens told Reuters the administration does not bel Go to Source…
NEW YORK—Applications for U.S. home mortgages slumped last week as bankers recorded the slowest refinancing activity in more than a year, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage … Go to Source…
BANGALORE (Reuters) – Everything seems to be going downhill for U.S. mortgage insurers. For some, the wounds inflicted by the housing crisis may prove fatal, and those that soldier on may be barred from writing new insurance as they hold too much risk … Go to Source…
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