MORTGAGE | FORECLOSURE

Stock Index Futures Signal Rebound; Europe Posts Gains

A trader works on the floor of the New York Stock Exchange
Stock index futures pointed to a slightly higher open on Wall Street on Monday, with futures for the S&P 500 up 0.61 percent, Dow Jones futures up 0.55 percent and Nasdaq 100 futures up 0.73 percent at 3:44 a.m. EDT.
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Attorney admits role in mortgage loan scheme

The United States Attorney for the District of Connecticut announced that John Bryk, 61, of Trumbull, has waived his right to indictment and pleaded guilty before United States District Judge Janet C. Hall in Bridgeport to one count of conspiracy to make a false statement in a Department of Housing and Urban Development transaction.
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Fannie defends legal aid for former execs

The head of Fannie Mae and his firm's government overseer on Tuesday defended the use of millions of taxpayer dollars to pay legal bills for former executives accused of fraud.
A woman takes a brochure detailing how homeowners can make their mortgage payments more affordable at the Fannie Mae booth.

Fannie Mae fires Florida law firm Ben-Ezra & Katz

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.
Flyers are stacked beside calculators at the Housing Fair put on by the National Urban League's Economic Empowerment Tour in Dallas, Texas June 13, 2009.

Consumers captive to bad home mortgage system

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.
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White House backs standard for mortgage servicers

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.
To match Special Report USA-HOUSING/APPRAISALS

US weekly mortgage demand falls as rates rise

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.
U.S. Treasury Secretary Timothy Geithner gestures as he delivers his testimony before the Congressional Oversight Panel created to oversee the expenditure of the Troubled Asset Relief Program (TARP), on Capitol Hill in Washington, December 16, 2010.

In U.S. bailout, profit near on banks but foreclosures weigh

The U.S. Treasury said Wednesday it is close to turning a profit on direct bailout investments in the nation's banks, but still expects to post an overall loss in its financial bailout fund due to foreclosure prevention costs for homeowners.

Brittany Murphy's House in the Hills in Foreclosure

Deceased actress Brittany Murphy's home in the Hills above the Sunset Strip in Los Angeles, CA has invited foreclosure and has been slapped with a Notice of Sale with an opening bid of $4,035,666, according to the reports.

Judges to weigh mortgage document destruction

Federal bankruptcy judges in Delaware are due to hold separate hearings Monday on requests by two defunct subprime mortgage lenders to destroy thousands of boxes of original loan documents.

US mortgage applications rose last week

Mortgage applications in the U.S. rose during the week ended January 14 as interest rates dipped to lowest levels in a month, the Mortgage Bankers Association (MBA) said on Wednesday.
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Obama admin steps up foreclosure prevention efforts

The Obama administration on Tuesday stepped up efforts to make it easier for struggling homeowners to renegotiate the terms of their mortgage, although it could be more than a year before such efforts pay off.

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