Housing a significant headwind to recovery: Fed's Pianalto
The housing market is holding back the broader economic recovery now that foreclosures have become a national crisis, a top Federal Reserve official said on Friday.
For America's hard-hit homeowners, little relief from settlement
Crystal Morello's family pleaded for months with their lender for a cheaper mortgage on their family home in Belleville, Michigan. But time ran out last summer, and they left before they were evicted.
U.S. bank regulators roll fines into mortgage pact
The Federal Reserve announced on Thursday it has reached an agreement with five U.S. banks on penalties totaling $766.5 million over problems in their mortgage servicing businesses as part of a larger $25 billion foreclosure deal struck between the banks and state and federal agencies.
Bank regulators roll fines into mortgage pact
The Federal Reserve announced on Thursday it has reached an agreement with five U.S. banks on penalties totaling $766.5 million over problems in their mortgage servicing businesses as part of a larger $25 billion foreclosure deal struck between the banks and state and federal agencies.
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Foreclosure Settlement: Is it Too Little? Top Negotiator Defends Deal
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US bank regulators roll fines into mortgage pact
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Will the $26 Billion Mortgage Settlement Help You?
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States, Lenders Reach $26 Billion Mortgage Settlement
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Nearly 1 In 3 UK Residents Miss Payments As Mortgage Arrears Soar By 50% Amidst Rising Interest Rates
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Mortgage Seasoning: What It Means And Why It Matters
More news
U.S. reaches mortgage settlement with top banks
The biggest U.S. banks will provide about $25 billion in relief to distressed homeowners, as state and federal officials hold lenders responsible for taking illegal shortcuts during foreclosures and for other deceptive practices.
U.S. Mortgage Rates Hold at Record Low of 3.87 Percent
U.S. 30-year fixed-rate mortgage rates remained at a record low of 3.87 percent in the week ending Feb. 9, unchanged from the previous week, according to Freddie Mac.
U.S. Reaches Mortgage Deal with Top Banks
The announcement caps more than a year of chaotic negotiations among state and federal officials, and the banks, who have been accused of using robosigners and unlawful documentation to deal with a flood of foreclosures.
Post-Market NASDAQ Gainers (ARAY, SPRT, AKAM, CPIX, SCSS, EXEL, FFN, LLNW, MTGE)
The top after-market NASDAQ gainers Wednesday were: Accuray Inc, support.com, Akamai Technologies, Cumberland Pharmaceuticals, Select Comfort Corp, Exelixis, FriendFinder Networks, Limelight Networks and American Capital Mortgage Investment.
Holdout states lured back into mortgage deal
California and New York, two key holdout states for a multi-state mortgage settlement, are expected to join the deal, smoothing the way for an announcement expected on Thursday, according to a person familiar with the matter.
Mortgage Deal Nears with California, N.Y. Reported Joining
California and New York, two big holdout states in a $25 billion mortgage settlement, are expected to join the deal, smoothing the way for an announcement on Thursday, according to a person familiar with the matter.
Mortgage deal nears as holdout states join
California and New York, two big holdout states in a $25 billion mortgage settlement, are expected to join the deal, smoothing the way for an announcement on Thursday, according to a person familiar with the matter.
Holdout States Lured Back into Mortgage Deal; Announcement Expected
California and New York, two key holdout states for a multi-state mortgage settlement, are expected to join the deal, smoothing the way for an announcement expected on Thursday, according to a person familiar with the matter.
Goldman Sachs Buys $6.2B in Mortgage Bonds from Fed
Goldman Sachs Group Inc. (NYSE:GS) has purchased mortgage bonds valued at $6.2 billion from the Federal Reserve Bank of New York, previously owned by the insurance giant American International Group Inc. (NYSE:AIG), until its government bailout in 2008.
Fed may need to buy more mortgage bonds: Williams
The U.S. central bank may need to buy more bonds to bolster a housing market whose distress is at the heart of a frustratingly slow economic recovery, a top Federal Reserve official said on Wednesday.
Fed May Resume Bond Buying, SF Fed President Says
The president of the Federal Reserve Bank of San Francisco said Wednesday the Fed may resume expanding its balance sheet to boost the U.S. economy if the recovery loses momentum or inflation stays below two percent.
Mortgage applications jump on refi demand: MBA
Applications for home mortgages jumped last week, fueled by increased demand for refinancing as interest rates fell, an industry group said on Wednesday.
Stock Futures Signal Higher Wall Street Open
Stock index futures pointed to a slightly higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.2 to 0.3 percent.
Eyes on dissident states as mortgage deal nears
A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.
Skateboarder Hoffart living the dream in California
Ever since Jordan Hoffart decided to turn his back on the seemingly incessant rain of his native Vancouver, he has been living his dream as a professional skateboarder in the perpetual sunshine of southern California.
Analysis: Banks Prepared for Cost of U.S. Mortgage Pact
As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
Analysis: Banks largely reserved for U.S. mortgage pact cost
As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
Banks largely reserved for U.S. mortgage pact cost
As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
Delaware officials wrestle over mortgage deal
Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday.
Bank of America’s Tower to be Sold at Open Outcry Auction
The Bank of America tower in Atlanta has taken the U.S. foreclosure crisis to new heights. The 55-storey tower, situated in Atlanta, is set to be sold at an open outcry auction Tuesday after landlord Bentley Forbes missed mortgage payments.
U.S. Economy: An Upbeat Start Seen in 2012, Says Expert
The domestic economic evidence in the U.S. has remained upbeat in early 2012, with a much better than expected employment report for January being the latest piece of good news according to the report by IHS Global Insight.
Mortgage Deal Faces Setbacks as Many States Ignore Deadline
A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.
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