The Obama administration should consider forcing lenders to make principal reductions for struggling homeowners who owe more than their home is worth, the watchdog overseeing the $700 billion bank bailout.
U.S. mortgage rates have fallen for the first time in five weeks, retreating from an eight-month high and remaining near historically low levels, a closely watched mortgage survey showed on Thursday.
U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.
U.S. home foreclosures actions spiked in March and set a quarterly record despite federal programs to combat the unrelenting pace that homeowners are defaulting on mortgages, RealtyTrac said on Thursday.
On March 17, 2009, a group of mortgage bond investors worried about the losses they could suffer as a result of U.S. foreclosure prevention plans asked top bankers to share the pain by taking some write-downs on $450 billion in home equity loans.
Sales of foreclosed or other distressed homes are flirting with the peaks of the housing crisis in early 2009 when heavy inventory was pressuring home prices lower, according to First American CoreLogic.
Rising bond yields sent U.S. 30-year mortgage rates to the highest level in eight months on the brink of the important spring sales season, data from home funding company Freddie Mac showed on Thursday.
U.S. mortgage rates spiked last week, slashing refinancing demand, while requests for home purchase loans held steady amid a final rush for federal tax credits, Mortgage Bankers Association data showed on Wednesday.
Two real estate brokers, three lawyers and five others were charged with fraudulently obtaining more than $10 million in home loans from American Home Mortgage Investment Corp and BNC Mortgage, a subsidiary of Lehman Brothers Holdings Inc, U.S. prosecutors in New York said on Tuesday.
U.S. mortgage insurers' stocks have touched new year-highs on confidence about success of the government's plan to let homeowners keep their homes, but the big question is how much steam the rally has left.
The double-whammy of rising Treasury yields and the end of the Federal Reserve's $1.25 trillion mortgage-buying program could prove to be a buying opportunity for the biggest bond investors.
Goodbye, Federal Reserve. Hello Fannie and Freddie.
Chicago foreclosure homes are the most affordable investment you can get to make in the vibrant city of Chicago. This city has a lot of commercial properties that are flooding the foreclosure market.
Redwood Trust Inc is looking to float at least $200 million worth of securities backed by home mortgage loans, the Wall Street Journal said, citing people familiar with the situation.
Bailed-out lender Royal Bank of Scotland has been fined 28.6 million pounds ($43 million) for illegally sharing loan pricing details with rival Barclays , Britain's Office of Fair Trading said on Tuesday.
Bank of America Corp has agreed to forgive some bad mortgage loans and the government is pushing other lenders to follow suit, but on a scale too small to make much of a dent in the nation's huge pile of bad debt.
Major UK banks face a challenge to refinance more than 300 billion pounds ($448.4 billion) of government-backed funding over the next two to three years, Fitch Ratings said in a report published on Monday.
The Obama administration on Friday announced a $14 billion effort to try to stem a rising tide of home foreclosures by giving lenders incentives to erase some mortgage debt and slash mortgage payments for the unemployed.
Stocks rose on Friday after euro zone leaders agreed to create a safety net to help debt-burdened Greece, while data showed consumer sentiment rose slightly more than expected in March.
Delinquencies on mortgages rose to nearly 14 percent in late 2009, led by a sharp increase in seriously overdue home loans held by the most credit-worthy borrowers, U.S. banking regulators said on Thursday.
U.S. mortgage rates rose for a second straight week, a trend that could continue as key support from the government ceases at the end of the month, a closely watched mortgage survey showed on Thursday.
Serious delinquencies among mortgages jumped in the fourth quarter from the previous quarter, led by a sharp increase in serious delinquencies by the most credit-worthy borrowers, U.S. banking regulators said on Thursday.
