New York's chief judge has taken steps to provide homeowners facing foreclosure legal representation free of charge.
Reality TV, Facebook, Twitter, paid-for plastic bags were ranked among the Top 10 worst innovations of the decade by Britons in a survey.
Federal Reserve Chairman Ben S. Bernanke’s prepared remarks at the Banque de France Financial Stability Review Launch Event, Paris, France, Feb. 18, 2011
Mortgage foreclosures “have clearly turned the corner,” said the Mortgage Bankers Association (MBA) chief economist Jay Brinkmann.
Fewer than one in 10 of Kenya's urban dwellers can afford a mortgage, while rural incomes are too low for a mortgage market to develop, a central bank and World Bank study showed on Wednesday.
U.S. bank regulators are finalizing punishments against mortgage servicers after a probe found critical deficiencies with the industry's foreclosure processes.
U.S. home loan demand fell sharply in the week ended Feb. 11, recording a second consecutive weekly decline, the Mortgage Bankers Association (MBA) said on Wednesday.
Fannie Mae has booted Florida-based foreclosure law firm Ben-Ezra & Katz from its retained attorney network after noticing that the firm was not handling its matters in strict compliance with proper procedures, ethical codes of conduct and legal requirements.
Many U.S. consumers have no choice and are held captive to home mortgage-related companies that are often aggressively fast, commit errors in paperwork and refuse to answer questions, and whose continuing problems are holding back the country's economic recovery, a top U.S. regulator said on Friday.
A top Federal Reserve official on Friday warned mortgage servicing industry executives they could face enforcement actions and that they shoulder some of the blame for a sluggish economic recovery.
The Obama administration favors creating a national standard for mortgage servicers such as Bank of America Corp and JPMorgan Chase & Co that have been accused of botching home foreclosure procedures.
The Obama administration on Friday will unveil long-awaited proposals for what could lead to the most sweeping changes to the way Americans buy their homes in decades.
Properties underlying Australian commercial mortgage-backed securities (CMBS) experienced minimal disruption as a result of the recent flooding and cyclone experienced in Queensland, Australia, according to Standard & Poor's Ratings Services.
The Council of Mortgage Lenders (CML) reported that home repossessions dropped by 24 percent in 2010
Economists took their turns encouraging and attacking the policies of money supply managers of the U.S. Federal Reserve System on Wednesday, as the nation faces 9 percent unemployment, slow economic growth and rising federal debt and deficits.
China on Wednesday increased the cost for people borrowing from a fund designed to support first-time home buyers, in line with the country's latest rise in benchmark interest rates.
Chairman Ben S. Bernanke testimony on The Economic Outlook and Monetary and Fiscal Policy Before the Committee on the Budget, U.S. House of Representatives, Washington, D.C. February 9, 2011
The U.S. home loan demand fell sharply in the week ended Feb. 4, as the mortgage rates continue to rise from their lowest levels amid growing confidence on the economic conditions of the nation, the Mortgage Bankers Association (MBA) said on Wednesday.
RBC Capital Markets said banks with strongest capital and increased profitability are expected to get green light on dividends. The Federal Reserve is expected to approve dividend increases.
Calpers sued a group of ex-Lehman executives and underwriters, alleging it bought over $700 million in bonds and Lehman stock without knowing the true condition of the now-bankrupt financial company.
Payroll gains are the golden indicator for the US economy at this time because it reveals conditions in crucial areas and is the catalyst for the next step of the recovery process.
Bank of China Ltd and four other major state lenders will end preferential mortgage rates for first-time homebuyers in the southern boomtown of Shenzhen after the Lunar New Year holiday, a local newspaper said.
