Thursday, December 6, 2012
Friday, November 30, 2012
Thursday, October 25, 2012
Wednesday, October 24, 2012
Monday, October 8, 2012
Article: Seniors More Likely to Face Foreclosure | Lawyers.com Blog
Seniors More Likely to Face Foreclosure | Lawyers.com Blog
http://blogs.lawyers.com/2012/10/seniors-more-likely-to-face-foreclosure/
Friday, September 28, 2012
Father and Son Charged With Fraudulent Foreclosure Scheme
 | Father and Son Charged With Fraudulent Foreclosure Scheme
Investigators say the father, of Jackson, allegedly promised to bail out homeowners from foreclosure but instead...
|
Thursday, September 27, 2012
Article: Mortgage applications rose as rates hit new lows: MBA - 1450 WHTC Holland's Hometown Station
Mortgage applications rose as rates hit new lows: MBA - 1450 WHTC Holland's Hometown Station
http://whtc.com/news/articles/2012/sep/26/mortgage-applications-rose-as-rates-hit-new-lows-mba/
Wednesday, September 26, 2012
Article: Group accuses BofA of bias in managing foreclosed homes | Reuters
Group accuses BofA of bias in managing foreclosed homes | Reuters
http://www.reuters.com/article/2012/09/25/us-bankofamerica-foreclosures-complaint-idUSBRE88O1A920120925?feedType=RSS&feedName=businessNews
Article: Mortgages and the younger borrower - WTVM.com-Columbus, GA News Weather & Sports
Mortgages and the younger borrower - WTVM.com-Columbus, GA News Weather & Sports
http://www.wtvm.com/story/19632580/mortgages-and-the-younger-borrower
Monday, September 24, 2012
Article: Housing market might be on the rebound, but foreclosure and negative equity rates still high | Zanesville Times Recorder | zanesvilletimesrecorder.com
Housing market might be on the rebound, but foreclosure and negative equity rates still high | Zanesville Times Recorder | zanesvilletimesrecorder.com
http://www.zanesvilletimesrecorder.com/apps/pbcs.dll/article?AID=2012209230303&gcheck=1&nclick_check=1
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Article: Banks Threaten Elderly Veterans With Foreclosure
Banks Threaten Elderly Veterans With Foreclosure
http://www.theskanner.com/article/Banks-Threaten-Elderly-Veterans-With-Foreclosure-2012-09-23
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Wednesday, September 19, 2012
NYTimes: An Enigma in the Mortgage Market That Elevates Rates
From The New York Times:
DEALBOOK: An Enigma in the Mortgage Market That Elevates Rates
A 30-year mortgage with a 2.8 percent interest rate could already exist, but something in the banking system is holding it back. And right now, few agree on what that "something" is.
http://nyti.ms/NzJaE7
DEALBOOK: An Enigma in the Mortgage Market That Elevates Rates
A 30-year mortgage with a 2.8 percent interest rate could already exist, but something in the banking system is holding it back. And right now, few agree on what that "something" is.
http://nyti.ms/NzJaE7
Thursday, September 13, 2012
Article: Bank of America settles discrimination allegations
Bank of America settles discrimination allegations
http://www.timesleader.com/stories/Bank-of-America-settles-discrimination-allegations,204673
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Saturday, September 8, 2012
Article: The Nation's Housing: If selling short, expect a hit | Richmond Times-Dispatch
The Nation's Housing: If selling short, expect a hit | Richmond Times-Dispatch
http://www2.timesdispatch.com/business/business/2012/sep/08/tdbiz04-the-nations-housing-if-selling-short-expec-ar-2187916/
Monday, August 20, 2012
NYTimes: Cautious Moves on Foreclosures Haunting Obama
From The New York Times:
A MEASURE OF CHANGE: Cautious Moves on Foreclosures Haunting Obama
President Obama's response to the housing crisis was deliberately subdued, and some economists believe stronger action could have softened the economic impact.
http://nyti.ms/NzRZyF
A MEASURE OF CHANGE: Cautious Moves on Foreclosures Haunting Obama
President Obama's response to the housing crisis was deliberately subdued, and some economists believe stronger action could have softened the economic impact.
http://nyti.ms/NzRZyF
Saturday, August 18, 2012
NYTimes: Consumer Bureau Seeks to Make Mortgage Fees Clearer
From The New York Times:
Consumer Bureau Seeks to Make Mortgage Fees Clearer
Under proposed rules, creditors could continue offering certain loans as long as they also provide consumers a loan option with no fees or points attached.
http://nyti.ms/SyhUDi
Consumer Bureau Seeks to Make Mortgage Fees Clearer
Under proposed rules, creditors could continue offering certain loans as long as they also provide consumers a loan option with no fees or points attached.
http://nyti.ms/SyhUDi
Thursday, August 9, 2012
NYTimes: With Rates Low, Banks Increase Mortgage Profit
From The New York Times:
DEALBOOK: With Rates Low, Banks Increase Mortgage Profit
Bundling mortgages and selling them to investors is helping banks make big profits even as they charge lower interest rates.
http://nyti.ms/NkiUuk
DEALBOOK: With Rates Low, Banks Increase Mortgage Profit
Bundling mortgages and selling them to investors is helping banks make big profits even as they charge lower interest rates.
http://nyti.ms/NkiUuk
Friday, August 3, 2012
Article: BofA in talks with Fannie Mae on mortgage dispute: sources | Reuters
BofA in talks with Fannie Mae on mortgage dispute: sources | Reuters
http://www.reuters.com/article/2012/08/02/us-bankofamerica-fannie-idUSBRE8711KR20120802?feedType=RSS&feedName=businessNews
Monday, July 30, 2012
Article: Fed helps fuel global mortgage bubble | The Journal Gazette
Fed helps fuel global mortgage bubble | The Journal Gazette
http://www.jg.net/article/20120730/BIZ13/307309942/0/FRONTPAGE
Sunday, July 15, 2012
NYTimes: Here Comes the Catch in Home Equity Loans
From The New York Times:
FAIR GAME: Here Comes the Catch in Home Equity Loans
The easy terms of many home equity lines of credit are about to end, as borrowers will have to start paying principal as well as interest.
http://nyti.ms/OlLBob
FAIR GAME: Here Comes the Catch in Home Equity Loans
The easy terms of many home equity lines of credit are about to end, as borrowers will have to start paying principal as well as interest.
http://nyti.ms/OlLBob
Tuesday, July 10, 2012
Article: Some homeowners lose houses for as little as $400 in overdue taxes - 680News
Some homeowners lose houses for as little as $400 in overdue taxes - 680News
http://www.680news.com/news/world/article/381085--some-homeowners-lose-houses-for-as-little-as-400-in-overdue-taxes
Monday, July 9, 2012
Article: Consumer agency plans to make over mortgage market - Business - NewsObserver.com
Consumer agency plans to make over mortgage market - Business - NewsObserver.com
http://www.newsobserver.com/2012/07/08/2183255/consumer-agency-plans-to-make.html
Thursday, June 28, 2012
NYTimes: After Years of False Hopes, Signs of a Turn in Housing
From The New York Times:
After Years of False Hopes, Signs of a Turn in Housing
Roughly six years after the housing market began its longest and deepest slide since the Great Depression, home sales and an increase in sales prices indicate that the market is recovering.
http://nyti.ms/Ozrl9b
After Years of False Hopes, Signs of a Turn in Housing
Roughly six years after the housing market began its longest and deepest slide since the Great Depression, home sales and an increase in sales prices indicate that the market is recovering.
http://nyti.ms/Ozrl9b
Tuesday, June 26, 2012
Article: Legislature Attempting to Curb 'Foreclosure Crisis' Through Mediation - Charlestown, MA Patch
Legislature Attempting to Curb 'Foreclosure Crisis' Through Mediation - Charlestown, MA Patch
http://charlestown.patch.com/articles/legislature-attempting-to-curb-foreclosure-crisis-through-mediation-2a831e31
Sunday, June 17, 2012
Thursday, June 14, 2012
Article: May sees pickup in homes facing foreclosure risk - Houston Chronicle
May sees pickup in homes facing foreclosure risk
http://www.chron.com/news/article/May-sees-pickup-in-homes-facing-foreclosure-risk-3632049.php
Tuesday, June 5, 2012
Clinic set for Louisville homeowners behind on taxes
Clinic set for Louisville homeowners behind on taxes: http://www.courier-journal.com/apps/pbcs.dll/article?AID=2012306040116
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Sunday, June 3, 2012
Article: Government Finally Arrests Bankers For Mortgage Meltdown | Business News | Minyanville.com
Government Finally Arrests Bankers For Mortgage Meltdown | Business News | Minyanville.com
http://www.minyanville.com/business-news/articles/abacus-federal-savings-bank-mortgage-fraud/6/1/2012/id/41423
Article: Demand for 15-year mortgages surges as rates decline | StarTribune.com
Demand for 15-year mortgages surges as rates decline | StarTribune.com
http://www.startribune.com/business/156332485.html
Saturday, June 2, 2012
Economists consider what might repair job market
Economists consider what might repair job market
http://ap.onlineathens.com/pstories/us/20120601/999008988.shtml
Monday, May 28, 2012
Article: The Privatopia Papers: Death by Foreclosure | Occupy America
The Privatopia Papers: Death by Foreclosure | Occupy America
http://privatopia.blogspot.com/2012/05/death-by-foreclosure-occupy-america.html
Sunday, May 27, 2012
Article: Realtors Rally to Urge Congressional Action on Real Estate Woes - Redmond, WA Patch
Realtors Rally to Urge Congressional Action on Real Estate Woes - Redmond, WA Patch
http://redmond.patch.com/articles/realtors-rally-to-urge-congressional-action-on-real-estate-woes
Saturday, May 26, 2012
NYTimes: Hope and Frustration in New U.S. Effort to Help Homeowners
YOUR MONEY: Hope and Frustration in New U.S. Effort to Help Homeowners
Despite some problems with lenders, a new version of the HARP federal refinancing program offers less restrictive rules — but the success of the program remains to be seen.
http://nyti.ms/MDY4Wk
Despite some problems with lenders, a new version of the HARP federal refinancing program offers less restrictive rules — but the success of the program remains to be seen.
http://nyti.ms/MDY4Wk
Friday, May 25, 2012
Thursday, May 24, 2012
Article: U.S. sales of new homes rose in April
U.S. sales of new homes rose in April - Rochester, News, Weather, Sports, and Events - 13WHAM.com
http://www.13wham.com/news/national/story/U-S-sales-of-new-homes-rose-in-April/zsrS_K6tWUKkwkuiBkxqeg.cspx?rss=104
Sunday, May 20, 2012
Article: Refinance your FHA Mortgage regardless of your appraised value or loan amount. - National mortgage | Examiner.comblo
Refinance your FHA Mortgage regardless of your appraised value or loan amount. - National mortgage | Examiner.com
http://www.examiner.com/article/refinance-your-fha-mortgage-regardless-of-your-appraised-value-or-loan-amount
Sunday, May 13, 2012
Article: The Window of Mortgage Opportunity Has Opened
The Window of Mortgage Opportunity Has Opened - Santee, CA Patch
http://santee.patch.com/articles/the-window-of-mortgage-opportunity-has-opened
Friday, May 4, 2012
Article: Mortgage industry has long way to go to clean up its act | Real Estate News | Macon.com
Mortgage industry has long way to go to clean up its act | Real Estate News | Macon.com
http://www.macon.com/2012/05/03/2012922/mortgage-industry-has-long-way.html
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Friday, April 27, 2012
Article: MetLife exits reverse mortgage business | Reuters
MetLife exits reverse mortgage business | Reuters
http://www.reuters.com/article/2012/04/26/us-metlife-mortgages-idUSBRE83P17J20120426?feedType=RSS&feedName=businessNews
Thursday, April 26, 2012
Article: Text of the Federal Reserve's statement
Text of the Federal Reserve's statement Wednesday -
http://timesleader.com/stories/Text-of-the-Federal-Reserves-statement-Wednesday,143336?t=f
Wednesday, April 25, 2012
Article: Housing market may be on rise at last - Wire Real Estate - The Sacramento Bee
Housing market may be on rise at last - Wire Real Estate - The Sacramento Bee
http://www.sacbee.com/2012/04/24/4440077/housing-market-may-be-on-rise.html#mi_rss=Wire%20Real%20Estate
Friday, April 20, 2012
Article: savannahnow.com | Savannah Morning News
savannahnow.com | Savannah Morning News
http://ap.savannahnow.com/pstories/business/20120419/981618738.shtml
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Sunday, April 15, 2012
Article: Financial experts warn of potential flood of new foreclosures - WGN
Financial experts warn of potential flood of new foreclosures - WGN
http://www.wgntv.com/news/wgntv-experts-warn-of-potential-flood-new-foreclosures-april13,0,1018999.story?track=rss
Thursday, April 12, 2012
NYTimes: Treasury Faulted in Effort to Relieve Homeowners
From The New York Times:
Treasury Faulted in Effort to Relieve Homeowners
A report by the special inspector general for the Troubled Asset Relief Program said the Hardest Hit Fund has not reached many homeowners in need of aid.
Wednesday, April 11, 2012
NYTimes: Lenders Again Dealing Credit to Risky Clients
From The New York Times:
Lenders Again Dealing Credit to Risky Clients
With the financial industry recovering and fee income reduced by new regulations, lenders are seeking to woo back less creditworthy borrowers.
Monday, April 9, 2012
NYTimes: Locking In Peace of Mind
From The New York Times:
MORTGAGES: Locking In Peace of Mind
A lock-in agreement freezes the terms of a loan while it is being processed; this guarantee may be especially important for those refinancing.
Saturday, April 7, 2012
Article: The Nation's Housing: Change may snarl FHA | Richmond Times-Dispatch
The Nation's Housing: Change may snarl FHA | Richmond Times-Dispatch
http://www2.timesdispatch.com/business/2012/apr/07/the-nations-housing-change-may-snarl-fha-ar-1824848/
Friday, April 6, 2012
Article: Federal judge approves $25 billion mortgage pact | Reuters
Federal judge approves $25 billion mortgage pact | Reuters
http://www.reuters.com/article/2012/04/05/us-mortgage-settlement-idUSBRE8341C820120405?feedType=RSS&feedName=domesticNews
Thursday, April 5, 2012
Wednesday, April 4, 2012
Article: Apartment vacancy rate falls to decade low | Reuters
Apartment vacancy rate falls to decade low | Reuters
http://www.reuters.com/article/2012/04/04/us-usapartmentmarket-idUSBRE83305720120404?feedType=RSS&feedName=domesticNews
Tuesday, April 3, 2012
NYTimes: Investors Are Looking to Buy Homes by the Thousands
From The New York Times:
Investors Are Looking to Buy Homes by the Thousands
With house prices still down, some large investors are creating huge portfolios by buying thousands of homes at deep discounts and then renting them out.
Monday, April 2, 2012
Article: Institutional investors are turning to residential foreclosures - Pensions & Investments
Institutional investors are turning to residential foreclosures - Pensions & Investments
http://www.pionline.com/article/20120402/PRINTSUB/304029978/institutional-investors-are-turning-to-residential-foreclosures
Saturday, March 31, 2012
NYTimes: Marriage Maintenance When Money Is Tight
From The New York Times:
YOUR MONEY: Marriage Maintenance When Money Is Tight
Married couples facing financial problems because of joblessness or foreclosure need not let their relationships dissolve in the process.
Friday, March 30, 2012
Article: U.S. rate on 30-year mortgage back below 4% | cleveland.com
U.S. rate on 30-year mortgage back below 4% | cleveland.com
http://www.cleveland.com/business/index.ssf/2012/03/us_rate_on_30-year_mortgage_ba.html
Thursday, March 29, 2012
Tuesday, March 27, 2012
NYTimes: Sales of Existing Homes Fell in February
From The New York Times:
Sales of Existing Homes Fell in February
The National Association of Realtors' Pending Home Sales Index fell short of the gain that economists expected.
Monday, March 26, 2012
Article: Mortgage rates rise above 4% | The Journal Gazette
Mortgage rates rise above 4% | The Journal Gazette
http://www.jg.net/article/20120325/FEAT07/303259976/0/FRONTPAGE
Article: Signs of recovery in US housing market - International | IOL Business | IOL.co.za
Signs of recovery in US housing market - International | IOL Business | IOL.co.za
http://www.iol.co.za/business/international/signs-of-recovery-in-us-housing-market-1.1263166
Saturday, March 24, 2012
NYTimes: Weak Sales In Housing; Prices Rise
From The New York Times:
Weak Sales In Housing; Prices Rise
The Commerce Department said Friday that new-home sales dropped 1.6 percent last month. Sales have fallen nearly 7 percent since December.
Thursday, March 22, 2012
Article: Fannie, Freddie faulted for spending on conference | Reuters
Fannie, Freddie faulted for spending on conference | Reuters
http://www.reuters.com/article/2012/03/22/us-usa-housing-fha-idUSBRE82L06W20120322?feedType=RSS&feedName=businessNews
Article: Existing US home sales dip in February, but winter sales best in 5 years | syracuse.com
Existing US home sales dip in February, but winter sales best in 5 years | syracuse.com
http://www.syracuse.com/news/index.ssf/2012/03/existing_us_home_sales_dip_in_february_but_winter_sales_best_in_5_years.html
Wednesday, March 21, 2012
Tuesday, March 20, 2012
Article: Top 3 Questions You Didn’t Ask Your Attorney - Bradenton, FL Patch
Top 3 Questions You Didn't Ask Your Attorney - Bradenton, FL Patch
http://bradenton.patch.com/articles/top-3-questions-you-didn-t-ask-your-attorney-4c0db68a
Article: US homebuilder outlook unchanged near 4-year high | Deseret News
US homebuilder outlook unchanged near 4-year high | Deseret News
http://www.deseretnews.com/article/765561102/US-homebuilder-outlook-unchanged-near-4-year-high.html
Monday, March 19, 2012
Article: 30-year mortgage rate is below 4% for 3 months | The Detroit News | detroitnews.com
30-year mortgage rate is below 4% for 3 months | The Detroit News | detroitnews.com
http://www.detroitnews.com/article/20120319/BIZ01/203190305/1001/rss21
Article: MBA Weekly News: Mortgage Applications Decrease | RISMedia
MBA Weekly News: Mortgage Applications Decrease | RISMedia
http://rismedia.com/2012-03-18/mba-weekly-news-mortgage-applications-decrease/
Sunday, March 18, 2012
Article: Mortgage Settlement Money Is For Homeowners, Housing Secretary Cautions State Governments
Mortgage Settlement Money Is For Homeowners, Housing Secretary Cautions State Governments
http://www.huffingtonpost.com/2012/03/16/housing-secretary-donovan-mortgage-settlement_n_1354260.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+HP%2FBusiness+%28Business+on+The+Huffington+Post%29
Saturday, March 17, 2012
Article: Developer pleads guilty to bank fraud conspiracy | WBRZ News 2 Louisiana : Baton Rouge, LA |
Developer pleads guilty to bank fraud conspiracy | WBRZ News 2 Louisiana : Baton Rouge, LA |
http://www.wbrz.com/news/developer-pleads-guilty-to-bank-fraud-conspiracy/
Friday, March 16, 2012
S.E.C. Appears Poised to Win Appeal in Citigroup Settlement
A federal appeals court dealt a stinging rebuke on Thursday to Judge Jed S. Rakoff of the Federal District Court in New York, who last year rejected a Securities and Exchange Commission fraud settlement with Citigroup because the deal had allowed the company to avoid admitting any wrongdoing.
New York Times article: http://nyti.ms/zlUsXD
New York Times article: http://nyti.ms/zlUsXD
Thursday, March 15, 2012
Article: Some states saw spike in foreclosures in February - Business - Wire - TheSunNews.com
Some states saw spike in foreclosures in February - Business - Wire - TheSunNews.com
http://www.myrtlebeachonline.com/2012/03/15/2717561/some-states-saw-spike-in-foreclosures.html
Article: Treasurys plunge as traders, Fed bet on economic strength; mortgage rates may creep up - The Washington Post
Treasurys plunge as traders, Fed bet on economic strength; mortgage rates may creep up - The Washington Post
http://www.washingtonpost.com/business/economy/treasurys-plunge-after-federal-reserve-raises-its-outlook-on-us-economy/2012/03/14/gIQASbDuBS_story.html
NYTimes: Bernanke Praises Community Banks
From The New York Times:
Bernanke Praises Community Banks
Ben S. Bernanke, the chairman of the Federal Reserve, while defending regulations, said the institutions were getting stronger.
Wednesday, March 14, 2012
NYTimes: S.E.C. Charges Three Former Mortgage Executives With Fraud
From The New York Times:
DEALBOOK: S.E.C. Charges Three Former Mortgage Executives With Fraud
The agency says former executives at Thornburg Mortgage, once the nation's second-largest mortgage company after Countrywide Financial, hid the company's deteriorating financial condition at the onset of the financial crisis in 2008.
Tuesday, March 13, 2012
NYTimes: Bank Officials Cited in Churn of Foreclosures
From The New York Times:
Bank Officials Cited in Churn of Foreclosures
An extensive federal examination of banks' foreclosure practices found that managers ignored widespread errors ahead of the 2008 housing market collapse.
Monday, March 12, 2012
Article: Will an Increase in Mortgage Insurance Impact You? | The Daily Rye
Will an Increase in Mortgage Insurance Impact You? | The Daily Rye
http://www.thedailyrye.com/real-estate/will-increase-mortgage-insurance-impact-you
Article: BOA to slash mortgage balances - CBS Atlanta 46
BOA to slash mortgage balances - CBS Atlanta 46
http://www.cbsatlanta.com/story/17132984/boa-to-slash-mortgage-balances
Article: What You Need to Know about Cancellation of Mortgage Debt | RISMedia
What You Need to Know about Cancellation of Mortgage Debt | RISMedia
http://rismedia.com/2012-03-11/what-you-need-to-know-about-cancellation-of-mortgage-debt/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Rismedia+%28RISMedia+Real+Estate+News%29
NYTimes: Latest Stress Tests Are Expected to Show Progress at Most Banks
From The New York Times:
Latest Stress Tests Are Expected to Show Progress at Most Banks
The Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most institutions.
Sunday, March 11, 2012
NYTimes: Paying on Time
From The New York Times:
MORTGAGES: Paying on Time
With so many homeowners still feeling pinched financially, it is crucial to understand and adhere to mortgage payment deadlines.
Got $100,000? Have a Cookie: Banks Try Luring the Top 10%
Wine and cheese in the vault. After-hours appointments to suit busy schedules. And loads of marble and mahogany with not a teller in sight.
New York Times article: http://nyti.ms/w4ObHG
Saturday, March 10, 2012
NYTimes: Executive Pay Capped at Fannie Mae and Freddie Mac
From The New York Times:
BUSINESS BRIEFING | REGULATORY NEWS: Executive Pay Capped at Fannie Mae and Freddie Mac
The regulator for Fannie Mae and Freddie Mac slashed salaries for the chief executives of the two agencies and ruled out bonuses for many top executives.
NYTimes: Mortgage Crisis Inspires Churches to Send Lenten Season Message to Banks
From The New York Times:
ON RELIGION: Mortgage Crisis Inspires Churches to Send Lenten Season Message to Banks
Some churches across the country are withdrawing their holdings from Bank of America and other banks implicated in the mortgage crisis and urging repentence.
Friday, March 9, 2012
NYTimes: Bank of America Reaches Deal on Housing
From The New York Times:
Bank of America Reaches Deal on Housing
The bank will provide deeper-than-anticipated principal reductions for 200,000 homeowners under newly-disclosed terms of a foreclosure settlement with authorities.
Thursday, March 8, 2012
Wednesday, March 7, 2012
NYTimes: Refinancing Fees Are Reduced for Some F.H.A. Borrowers
From The New York Times:
BUCKS BLOG: Refinancing Fees Are Reduced for Some F.H.A. Borrowers
The Obama administration announced a new initiative that would make refinancing less expensive for certain borrowers with mortgages through the Federal Housing Administration.
Tuesday, March 6, 2012
NYTimes: States of Depression
From The New York Times:
OP-ED COLUMNIST: States of Depression
Cuts at the local and state levels are hobbling the recovery.
Monday, March 5, 2012
NYTimes: ‘Rehab’ Loans to the Rescue
From The New York Times:
IN THE REGION | NEW JERSEY: 'Rehab' Loans to the Rescue
A popular F.H.A. loan program that covers not only buying a home but renovating it, too.
NYTimes: A Hidden Fee Is Set to Rise
From The New York Times:
MORTGAGES: A Hidden Fee Is Set to Rise
An add-on rate known as the G-fee, or guarantee fee, will increase 10 basis points this spring.
NYTimes: 0.2% Interest? You Bet We’ll Complain
From The New York Times:
FAIR GAME: 0.2% Interest? You Bet We'll Complain
Rock-bottom interest rates shore up big banks, but they punish savers — and look likely to keep doing so for quite some time.
Sunday, March 4, 2012
Article: IRS Tax Tips: 10 Key Points for Mortgage Debt Forgiveness - Bayside, NY Patch
IRS Tax Tips: 10 Key Points for Mortgage Debt Forgiveness - Bayside, NY Patch
http://bayside.patch.com/articles/irs-tax-tips-10-keys-points-for-mortgage-debt-forgiveness
Saturday, March 3, 2012
NYTimes: Home Prices Declined to New Lows in 2011
From The New York Times:
OFF THE CHARTS: Home Prices Declined to New Lows in 2011
The Standard & Poor's/Case-Shiller index, which seemed to show a recovery in home prices in 2009, descended to a new depths in 2011.
Friday, March 2, 2012
Tax Tip: 10 key points about Mortgage Debt Forgiveness - 13 WTHR Indianapolis
Tax Tip: 10 key points about Mortgage Debt Forgiveness - 13 WTHR Indianapolis
http://www.wthr.com/story/17054837/tax-tip-10-key-points-about-mortgage-debt-forgiveness
Article: Bottom Line - Mortgage rates hover a smidgen above record lows
Bottom Line - Mortgage rates hover a smidgen above record lows
http://bottomline.msnbc.msn.com/_news/2012/03/01/10549429-mortgage-rates-hover-a-smidgen-above-record-lows
Thursday, March 1, 2012
Article: Home Prices Fall Nationwide To 2002 Levels [AUDIO] | 92.7 WOBM
Home Prices Fall Nationwide To 2002 Levels [AUDIO] | 92.7 WOBM
http://wobm.com/home-prices-fall-nationwide-to-2002-levels-audio/
The Washington Post: Bernanke strikes cautious tone on recovery
Bernanke strikes cautious tone on recovery
Article: Foreclosures comprised smaller slice of 2011 sales - Sonora News US National - myMotherLode.com
Foreclosures comprised smaller slice of 2011 sales - Sonora News US National - myMotherLode.com
http://www.mymotherlode.com/news/national/565208/Foreclosures-comprised-smaller-slice-of-2011-sales.html
Article: Fannie asks government for nearly $4.6 billion for fourth-quarter | cleveland.com
Fannie asks government for nearly $4.6 billion for fourth-quarter | cleveland.com
http://www.cleveland.com/business/index.ssf/2012/02/fannie_asks_government_for_nea.html
Wednesday, February 29, 2012
NYTimes: Credit Sesame Offers New Mortgage-Comparison Tool
From The New York Times:
BUCKS BLOG: Credit Sesame Offers New Mortgage-Comparison Tool
Does an adjustable rate make sense? What about a 15-year loan? Is refinancing worth the upfront costs? A new tool aims to help.
NYTimes: House Votes to Restrict Use of Eminent Domain
From The New York Times:
NATIONAL BRIEFING | WASHINGTON: House Votes to Restrict Use of Eminent Domain
The House sought Tuesday to undercut a 2005 Supreme Court ruling that gives state and local governments eminent domain authority to seize private property for economic development projects.
Tuesday, February 28, 2012
Article: Foreclosure in credit history means waiting years for a new loan | Daily Record | dailyrecord.com
Foreclosure in credit history means waiting years for a new loan | Daily Record | dailyrecord.com
http://www.dailyrecord.com/article/20120227/NJBIZ/302270034/1005/rss
NYTimes: Pressure Grows on Fannie and Freddie to Reduce Principal on Some Loans
From The New York Times:
Pressure Grows on Fannie and Freddie to Reduce Principal on Some Loans
Proponents of debt forgiveness note that roughly one out of five Americans owes more on a home than it is worth, and that negative equity totals almost $700 billion.
NYTimes: Buyers Face Higher Fees at F.H.A.
From The New York Times:
Buyers Face Higher Fees at F.H.A.
The Federal Housing Administration will increase two fees charged to borrowers as it tries to bolster its finances and attract private lenders back to the mortgage market.
Monday, February 27, 2012
Article: Lawsuit Accuses Company Of Foreclosure Rescue Scam - Local News Story - KESQ Palm Springs
Lawsuit Accuses Company Of Foreclosure Rescue Scam - Local News Story - KESQ Palm Springs
http://www.kesq.com/news/30546199/detail.html
NYTimes: HSBC Profit Rises on Demand from Emerging Markets
From The New York Times:
DEALBOOK: HSBC Profit Rises on Demand from Emerging Markets
HSBC Holdings, one of Europe's biggest banks, said that its profit rose 27 percent last year, to $16.8 billion, in part because of greater demand for loans in the developing world.
Sunday, February 26, 2012
The Washington Post: Buffett admits being ‘dead wrong' on timing of housing recovery but remains optimistic overall
Buffett admits being 'dead wrong' on timing of housing recovery but remains optimistic overall
http://wapo.st/wVJkqj
NYTimes: Points Lose Favor
From The New York Times:
MORTGAGES: Points Lose Favor
A trend away from points, which buy down the interest rate in exchange for an upfront fee, reflects borrower sentiment that rates are already low enough, industry experts say.
Saturday, February 25, 2012
NYTimes: Small Companies Create More Jobs? Maybe Not
From The New York Times:
OFF THE CHARTS: Small Companies Create More Jobs? Maybe Not
Figures released by the Bureau of Labor Statistics suggest that since 1990, large companies have had the most job growth, though small-company employment tends to be more stable.
NYTimes: Rents Keep Rising, Even as Housing Prices Fall
From The New York Times:
Rents Keep Rising, Even as Housing Prices Fall
With few rental buildings erected over the last few years, available units are going fast, with the nationwide vacancy rate at its lowest level in more than a decade.
Friday, February 24, 2012
NYTimes: Bank of America Breaks With Fannie Mae
From The New York Times:
Bank of America Breaks With Fannie Mae
The bank's move represents a major escalation in a protracted legal battle over how many defaulted mortgages Bank of America will have to buy back from Fannie.
Thursday, February 23, 2012
NYTimes: Florida Weighs a Measure to Ease Way to Foreclosure
From The New York Times:
Florida Weighs a Measure to Ease Way to Foreclosure
Legislation in a state with one-fourth of the nation's foreclosures has met opposition from homeowners.
Wednesday, February 22, 2012
NYTimes: Consumer Inquiry Focuses on Bank Overdraft Fees
From The New York Times:
Consumer Inquiry Focuses on Bank Overdraft Fees
The Consumer Financial Protection Bureau said it would look into whether banks misled customers about the fees.
NYTimes: Legal Fees Mount at Fannie and Freddie
From The New York Times:
Legal Fees Mount at Fannie and Freddie
As expenses rise, there are new calls to limit the costs at Fannie Mae and Freddie Mac and outlays for defending its former executives.
Tuesday, February 21, 2012
NYTimes: Some Doubt a Settlement Will End Mortgage Ills
From The New York Times:
Some Doubt a Settlement Will End Mortgage Ills
Housing advocates are skeptical that new rules will provide underwater borrowers with a single point of contact to help them navigate the mortgage maze.
Monday, February 20, 2012
Article: Simplified mortgage statements proposed | The Detroit News | detroitnews.com
Simplified mortgage statements proposed | The Detroit News | detroitnews.com
http://www.detroitnews.com/article/20120220/BIZ01/202200310/1001/rss21
NYTimes: Loan Modifications
From The New York Times:
LETTER: Loan Modifications
Bank delays can increase the cost of modified loans, a lawyer who assists homeowners writes.
Sunday, February 19, 2012
Article: Shorter-term, fixed-rate mortgages on the rise | Deseret News
Shorter-term, fixed-rate mortgages on the rise | Deseret News
http://www.deseretnews.com/article/865550347/Shorter-term-fixed-rate-mortgages-on-the-rise.html?s_cid=s10
Saturday, February 18, 2012
Article: Va. woman pleads guilty in state to mortgage fraud - News - The Charleston Gazette - West Virginia News and Sports -
Va. woman pleads guilty in state to mortgage fraud - News - The Charleston Gazette - West Virginia News and Sports -
http://wvgazette.com/News/201202170183
Friday, February 17, 2012
NYTimes: What Homeowners Need Now
From The New York Times:
EDITORIAL | THE FORECLOSURE SETTLEMENT: What Homeowners Need Now
Foreclosure relief should include mortgages owned by Fannie Mae and Freddie Mac, which hold roughly 30 million mortgage loans.
NYTimes: Collection and Credit Firms Facing Broad New Oversight
From The New York Times:
DEALBOOK: Collection and Credit Firms Facing Broad New Oversight
The Consumer Financial Protection Bureau proposed a rule that would allow the agency to supervise two significant corners of the financial industry that until now have largely evaded federal scrutiny.
Thursday, February 16, 2012
Article: Foreclosure activity edges higher in January | KING5.com Seattle
Foreclosure activity edges higher in January | KING5.com Seattle
http://www.king5.com/news/business/139416208.html
Article: FHA Lists 50 Counties With Highest Default Rates | FHA Mortgage
FHA Lists 50 Counties With Highest Default Rates | FHA Mortgage
http://fhamortgagemag.com/2012/02/fha-lists-50-counties-with-highest-default-rates/
NYTimes: Cuba Unleashes the Pent-Up Energy of Real Estate Dreams
From The New York Times:
HAVANA JOURNAL: Cuba Unleashes the Pent-Up Energy of Real Estate Dreams
Cubans are injecting money into real estate, spurred by government measures to stimulate construction and a new law that allows property trades for the first time in 50 years.
NYTimes: Audit Uncovers Extensive Flaws in Foreclosures
From The New York Times:
Audit Uncovers Extensive Flaws in Foreclosures
The findings of San Francisco county officials suggest how pervasive irregularities may be across the nation.
Wednesday, February 15, 2012
Article: Thanks to foreclosures, apartments now a hot property - InvestmentNews
Thanks to foreclosures, apartments now a hot property - InvestmentNews
http://www.investmentnews.com/article/20120214/FREE/120219961
Article: Late payments on mortgages rise again in 4th qtr - National Business - MiamiHerald.com
Late payments on mortgages rise again in 4th qtr - National Business - MiamiHerald.com
http://www.miamiherald.com/2012/02/14/2641030/late-payments-on-mortgages-rise.html
Tuesday, February 14, 2012
The Washington Post: FHA a beneficiary in mortgage settlement
FHA a beneficiary in mortgage settlement
http://wapo.st/wDwzPY
NYTimes: For California, Attorney General Insisted on Better Terms in Foreclosure Deal
From The New York Times:
For California, Attorney General Insisted on Better Terms in Foreclosure Deal
Kamala D. Harris took a hard line in negotiations with banks, but faced increasing pressure from the White House to reach a deal.
Monday, February 13, 2012
Article: Foreclosures to climb before bank deal helps housing
Foreclosures to climb before bank deal helps housing
http://www.topix.com/business/foreclosures/2012/02/foreclosures-to-climb-before-bank-deal-helps-housing
NYTimes: Push to Avert Foreclosures Hits Court Logjam
From The New York Times:
Push to Avert Foreclosures Hits Court Logjam
Court hearings meant to protect New York homeowners from foreclosure are hopelessly slowed by endless paperwork and requests for additional information.
NYTimes: Loan Terms Made to Order
From The New York Times:
MORTGAGES: Loan Terms Made to Order
More borrowers are opting for fixed-rate loans with terms other than the standard 30 or 15 years, especially when it comes to refinancings.
Saturday, February 11, 2012
NYTimes: What Homeowners Need Now
From The New York Times:
EDITORIAL | THE FORECLOSURE SETTLEMENT: What Homeowners Need Now
Foreclosure relief should include mortgages owned by Fannie Mae and Freddie Mac, which hold roughly 30 million mortgage loans.
NYTimes: Across the Country, Looking for the Recovery
From The New York Times:
Across the Country, Looking for the Recovery
Cities across the country have shown economic improvement in recent months, but it's a joyless recovery for people still feeling the pinch.
Friday, February 10, 2012
NYTimes: Designing a Fix for Housing
From The New York Times:
OP-ED CONTRIBUTORS: Designing a Fix for Housing
Better design is precisely what suburban America needs in the housing crisis.
NYTimes: I.R.S. Offers Tool on Repayment of Home Buyer Tax Credit
From The New York Times:
BUCKS BLOG: I.R.S. Offers Tool on Repayment of Home Buyer Tax Credit
The I.R.S. is offering an online tool to help taxpayers who have to repay the home buyers' tax credit.
Thursday, February 9, 2012
NYTimes: Mortgage Plan Gives Homeowners Bulk of the Benefits
From The New York Times:
Mortgage Plan Gives Homeowners Bulk of the Benefits
Under the settlement, officials said Thursday, about $5 billion will go in cash payments to states and federal authorities, $17 billion will be earmarked for homeowner relief and roughly $3 billion will go for refinancing.
NYTimes: States Negotiate $26 Billion Deal for Homeowners
From The New York Times:
States Negotiate $26 Billion Deal for Homeowners
Nearly two million Americans could benefit from mortgage relief from the nation's biggest banks, as part of a broad government settlement to be announced as early as Thursday.
Wednesday, February 8, 2012
Article: Occupy Nashville asks bank to stop foreclosure | The Leaf Chronicle – Clarksville, Tenn., and Fort Campbell | theleafchronicle.com
Occupy Nashville asks bank to stop foreclosure | The Leaf Chronicle – Clarksville, Tenn., and Fort Campbell | theleafchronicle.com
http://www.theleafchronicle.com/usatoday/article/38524045?odyssey=mod%7Cnewswell%7Ctext%7CFRONTPAGE%7Cs
Article: Analysis: Banks largely reserved for U.S. mortgage pact cost - WTAQ News Talk 97.5FM and 1360AM
Analysis: Banks largely reserved for U.S. mortgage pact cost - WTAQ News Talk 97.5FM and 1360AM
http://wtaq.com/news/articles/2012/feb/07/banks-largely-reserved-for-us-mortgage-pact-cost/
Tuesday, February 7, 2012
NYTimes: Company Faces Forgery Charges in Mo. Foreclosures
From The New York Times:
Company Faces Forgery Charges in Mo. Foreclosures
The charges against DocX, which provided home foreclosure services to lenders across the nation, are one of the few criminal actions to follow reports of widespread improprieties against homeowners.
Monday, February 6, 2012
NYTimes: Deal Is Closer for a U.S. Plan on Mortgage Relief
From The New York Times:
Deal Is Closer for a U.S. Plan on Mortgage Relief
Potential support from California and New York would come in exchange for tightening provisions in order to preserve the right to investigate past misdeeds by the banks, and stepping up oversight.
Sunday, February 5, 2012
NYTimes: An Easier Path to Refinancing
From The New York Times:
EDITORIAL: An Easier Path to Refinancing
President Obama's new mortgage refinancing plan could provide considerable relief for millions of homeowners shackled to high interest rates, if Congress approves it.
NYTimes: A Mortgage Tornado Warning, Unheeded
From The New York Times:
A Mortgage Tornado Warning, Unheeded
Inspired by a personal experience, a businessman began delving into the practices of the mortgage industry, including Fannie Mae. His findings have been prescient.
Saturday, February 4, 2012
NYTimes: Shrinking the Escrow
From The New York Times:
MORTGAGES: Shrinking the Escrow
Success in challenging property taxes means not having to put as much money aside in the escrow account.
Friday, February 3, 2012
NYTimes: Progress on Letting Big Banks Fail
From The New York Times:
ECONOMIX BLOG: Progress on Letting Big Banks Fail
The Federal Deposit Insurance Corporation has taken some good first steps to regulating the biggest banks, and what's more, it's doing so in public, an economist writes.
NYTimes: S.E.C. Is Avoiding Tough Sanctions for Large Banks
From The New York Times:
S.E.C. Is Avoiding Tough Sanctions for Large Banks
Even as the Securities and Exchange Commission has stepped up its investigations of Wall Street, the agency has repeatedly allowed the biggest firms to avoid punishments.
Thursday, February 2, 2012
NYTimes: Mortgage Relief Plan Aims at Refinancing
From The New York Times:
Mortgage Relief Plan Aims at Refinancing
President Obama said a new package of legislation would make it easier for millions of homeowners to refinance at today's historically low interest rates.
Tuesday, January 31, 2012
NYTimes: Treasury Investigates Freddie Mac Investment
From The New York Times:
Treasury Investigates Freddie Mac Investment
The Treasury Department is investigating whether Freddie Mac bet against refinancings by homeowners while at the same time, making refinancings difficult to obtain.
Monday, January 30, 2012
Article: Mortgage rates hit record lows - The Brunswick Post
Mortgage rates hit record lows - The Brunswick Post
http://thepostnewspapers.com/brunswick/real-estate-part-2-B-12-24--miller--clone
Article: Sometimes, FHA Financing Is Not The Best Option For Homeowners | FHA Mortgage
Sometimes, FHA Financing Is Not The Best Option For Homeowners | FHA Mortgage
http://fhamortgagemag.com/2012/01/sometimes-fha-financing-is-not-the-best-option-for-homeowners/
NYTimes: On Troubleshooting
From The New York Times:
MORTGAGES: On Troubleshooting
As of this month borrowers have another place to vent: the Consumer Financial Protection Bureau.
Sunday, January 29, 2012
Article: Habitat for Humanity warns of Ohio foreclosures - FOX19 News and Weather - Greater Cincinnati Area
Habitat for Humanity warns of Ohio foreclosures - FOX19 News and Weather - Greater Cincinnati Area
http://www.fox19.com/story/16625258/habitat-for-humanity-warns-of-ohio-foreclosures
Article: New Foreclosures Dropped Almost Forty Percent In 2011
New Foreclosures Dropped Almost Forty Percent In 2011
http://www.businessinsider.com/home-foreclosures-fell-40-last-year-but-thats-no-reason-to-celebrate-2012-1?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheMoneyGame+%28The+Money+Game%29
Saturday, January 28, 2012
Article: Obama administration bolsters homeowner lifeline
Obama administration bolsters homeowner lifeline
http://wtax.com/Obama-administration-bolsters-homeowner-lifeline/11472080?newsId=124938
Article: Daily Kos: Bank of America demands borrower silence in exchange for loan modification
Daily Kos: Bank of America demands borrower silence in exchange for loan modification
http://www.dailykos.com/story/2012/01/27/1059089/-Bank-of-America-demands-borrower-silence-in-exchange-for-loan%C3%82%C2%A0modification-
NYTimes: Banks Taketh, but Don’t Giveth
From The New York Times:
OP-ED CONTRIBUTOR: Banks Taketh, but Don't Giveth
The banks that are engaged in a Manhattan land grab seem to be in the business of taking our money but not in the business of giving it back.
Friday, January 27, 2012
Article: Rate on 30-year fixed mortgage rises to 3.98% | cleveland.com
Rate on 30-year fixed mortgage rises to 3.98% | cleveland.com
http://www.cleveland.com/business/index.ssf/2012/01/rate_on_30-year_fixed_mortgage_14.html
NYTimes: On Troubleshooting
From The New York Times:
MORTGAGES: On Troubleshooting
As of this month borrowers have another place to vent: the Consumer Protection Financial Bureau.
Thursday, January 26, 2012
Article: California calls mortgage settlement 'inadequate' | cleveland.com
California calls mortgage settlement 'inadequate' | cleveland.com
http://www.cleveland.com/business/index.ssf/2012/01/california_calls_mortgage_sett.html
NYTimes: New Housing Task Force Will Zero In on Wall St.
From The New York Times:
New Housing Task Force Will Zero In on Wall St.
A new federal task force looking into fraud related to the housing crisis will begin by looking at big banks and investment firms on Wall Street.
Wednesday, January 25, 2012
Article: Impact of mortgage relief deal on homeowners - CBS News Video
Impact of mortgage relief deal on homeowners - CBS News Video
http://www.cbsnews.com/video/watch/?id=7396207n
NYTimes: A Way to Make People Buy Homes Again
From The New York Times:
OP-ED CONTRIBUTOR: A Way to Make People Buy Homes Again
The federal government should offer a down-payment protection program to restore the confidence of potential homebuyers and lenders.
NYTimes: President to Offer Way for Easing Home Debt
From The New York Times:
President to Offer Way for Easing Home Debt
The White House plans to propose legislation that could allow a few million homeowners to reduce mortgage payments by refinancing with government-backed loans.
Tuesday, January 24, 2012
The Washington Post: Fed to disclose details of low-interest-rate plans
Fed to disclose details of low-interest-rate plans
http://wapo.st/wDU5Cq
NYTimes: As Race Moves to Florida, Facing Political Implications of a Housing Crisis
From The New York Times:
As Race Moves to Florida, Facing Political Implications of a Housing Crisis
With the next Republican primary in a state hard hit by the collapse of the housing bubble, free-market instincts collide with voters' desperation.
NYTimes: Political Push Moves a Deal on Mortgages Inches Closer
From The New York Times:
Political Push Moves a Deal on Mortgages Inches Closer
About one million homeowners facing foreclosure could have their mortgage burden cut by about $20,000 each as part of a long-awaited deal.
Monday, January 23, 2012
Article: Foreclosures: America's Hardest Hit Neighborhoods - Money News Story - KRCR Redding
Foreclosures: America's Hardest Hit Neighborhoods - Money News Story - KRCR Redding
http://www.krcrtv.com/money/30275587/detail.html
Article: Get the Facts on Short Sales | The Daily Cortlandt
Get the Facts on Short Sales | The Daily Cortlandt
http://www.thedailycortlandt.com/real-estate/get-facts-short-sales
Sunday, January 22, 2012
Saturday, January 21, 2012
NYTimes: A Reprieve for Unemployed Borrowers
From The New York Times:
MORTGAGES: A Reprieve for Unemployed Borrowers
An extension of forbearance programs by Fannie Mae and Freddie Mac gives short-term aid to unemployed homeowners, but housing counselors warn of drawbacks.
NYTimes: Blacks Face Bias in Bankruptcy, Study Suggests
From The New York Times:
Blacks Face Bias in Bankruptcy, Study Suggests
A new survey found that lawyers were more likely to steer whites to Chapter 7 of the bankruptcy code and blacks to the more expensive Chapter 13.
Friday, January 20, 2012
Article: Has Obama's Housing Policy Failed? - Money News Story - KTVZ Bend
Has Obama's Housing Policy Failed? - Money News Story - KTVZ Bend
http://www.ktvz.com/money/30238276/detail.html
(Sent from Flipboard)
Sent from my iPad
Article: Study: Stimulus $$ Kept Many In Their Homes - Money News Story - KERO Bakersfield
Study: Stimulus $$ Kept Many In Their Homes - Money News Story - KERO Bakersfield
http://www.turnto23.com/money/30239580/detail.html
NYTimes: U.S. Jobless Claims Fall Sharply
From The New York Times:
U.S. Jobless Claims Fall Sharply
Weekly applications for unemployment benefits fell by 50,000, the biggest drop in more than six years, to 352,000, the Labor Department said.
Thursday, January 19, 2012
NYTimes: Is Banking Bad?
From The New York Times:
OP-ED COLUMNIST: Is Banking Bad?
Will capitalists be the death of capitalism?
NYTimes: A Mess on the Ladder of Success
From The New York Times:
IT'S THE ECONOMY: A Mess on the Ladder of Success
The new divide in America is between a smaller mobile class and one that can't quite pack up and go.
Wednesday, January 18, 2012
Has Obama's housing policy failed?
Has Obama's housing policy failed?
http://money.cnn.com/2012/01/18/news/economy/Obama_housing/
http://money.cnn.com/2012/01/18/news/economy/Obama_housing/
Foreclosure nightmares: 3 families fight for their homes
Foreclosure nightmares: 3 families fight for their homes
http://money.cnn.com/2012/01/18/real_estate/foreclosure_homes/
http://money.cnn.com/2012/01/18/real_estate/foreclosure_homes/
NYTimes: Shopping for the Best Rates
From The New York Times:
MORTGAGES: Shopping for the Best Rates
Consumers who want to try for the lowest rates available need to consider these basic factors.
NYTimes: Few Cities Have Regained Jobs They Lost, Report Finds
From The New York Times:
Few Cities Have Regained Jobs They Lost, Report Finds
The nation's mayors, both Democrats and Republicans, are exasperated as a study shows many areas have years to go until employment recovers.
Tuesday, January 17, 2012
Article: Realtors pushing short sales - ABC-7.com WZVN News for Fort Myers, Cape Coral & Naples, Florida
Realtors pushing short sales - ABC-7.com WZVN News for Fort Myers, Cape Coral & Naples, Florida
http://www.abc-7.com/story/16530744/2012/01/16/realtors-pushing-short-sales
Monday, January 16, 2012
Article: Foreclosures bring frustrations for local municipalities - Evening Sun
Foreclosures bring frustrations for local municipalities - Evening Sun
http://www.eveningsun.com/localnews/ci_19748585
Article: Numbers Vary by Region in Real Estate Auctions | RISMedia
Numbers Vary by Region in Real Estate Auctions | RISMedia
http://rismedia.com/2012-01-15/numbers-vary-by-region-in-real-estate-auctions-2/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Rismedia+%28RISMedia+Real+Estate+News%29
Ready for spring? Force it
JournalGazette.net - Home | The Journal Gazette | Fort Wayne, IN
http://www.jg.net/article/20120115/FEAT07/301159967/1011/FEAT
Sunday, January 15, 2012
NYTimes: Countrywide ‘V.I.P.’ Loans Linked to 2 Congressmen
From The New York Times:
Countrywide 'V.I.P.' Loans Linked to 2 Congressmen
Howard McKeon and Elton Gallegly, both Republicans from Southern California, were on a list of House members who received special loans through a Countrywide Financial program.
Friday, January 13, 2012
NYTimes: Inside the Fed in 2006: A Coming Crisis, and Banter
From The New York Times:
Inside the Fed in 2006: A Coming Crisis, and Banter
Top policymakers did not seriously consider the idea that problems in the housing market would bring a recession, newly released transcripts show.
Thursday, January 12, 2012
NYTimes: Big Banks Struggle to Help Customers on Twitter
From The New York Times:
BUCKS BLOG: Big Banks Struggle to Help Customers on Twitter
Customers like the speed of sending a question to their bank by Twitter, but big banks find this form of customer service to be challenging.
NYTimes: Unemployed Mortgage Holders Get Extension on Payments
From The New York Times:
Unemployed Mortgage Holders Get Extension on Payments
Fannie Mae and Freddie Mac say they will extend their existing programs so that unemployed borrowers can defer part or all of their monthly payments for up to 12 months.
Wednesday, January 11, 2012
NYTimes: Top Executive Announces Plan to Leave Fannie Mae
From The New York Times:
Top Executive Announces Plan to Leave Fannie Mae
Michael Williams, who has led the company since the government took it over, said Tuesday that he would step down after a successor was found.
NYTimes: MetLife to Close Mortgage Unit
From The New York Times:
MetLife to Close Mortgage Unit
Wanting to avoid further federal oversight, MetLife will no longer originate home mortgages.
NYTimes: Big Banks Face Inquiry Over Home Insurance
From The New York Times:
Big Banks Face Inquiry Over Home Insurance
New York State is investigating whether several banks fraudulently steered homeowners into overpriced policies.
Tuesday, January 10, 2012
NYTimes: Consumer Borrowing Soared in November
From The New York Times:
Consumer Borrowing Soared in November
Americans increased their borrowing in November by the largest amount in a decade, the Federal Reserve said, a sign to some analysts of their growing confidence in the economy.
Monday, January 9, 2012
Houses not out of reach
JournalGazette.net - Home | The Journal Gazette | Fort Wayne, IN
http://www.jg.net/article/20120108/FEAT07/301089967/1031/BIZ
Article: Clinton: Housing is key to fixing nation's economy - Santa Cruz Sentinel
Clinton: Housing is key to fixing nation's economy - Santa Cruz Sentinel
http://www.santacruzsentinel.com/usnews/ci_19702030
Sunday, January 8, 2012
NYTimes: From East and West, Foreclosure Horror Stories
From The New York Times:
FAIR GAME: From East and West, Foreclosure Horror Stories
There is still no nationwide settlement over practices at mortgage servicing companies. But a couple of state attorneys general have been taking matters into their own hands.
NYTimes: Raskin Urges Penalties on Mortgage Servicers
From The New York Times:
Raskin Urges Penalties on Mortgage Servicers
Sarah Bloom Raskin, the Federal Reserve governor, said penalties must be imposed on banks that entered into an agreement with regulators on fixing problems in their mortgage servicing businesses.
Saturday, January 7, 2012
NYTimes: A Good Rental History Can Help Borrowers
From The New York Times:
MORTGAGES: A Good Rental History Can Help Borrowers
Experian added a section to millions of credit reports showing on-time rent payments; two other credit-reporting companies plan to follow suit.
NYTimes: Laid Off, With Retirement Almost in Sight
From The New York Times:
YOUR MONEY: Laid Off, With Retirement Almost in Sight
Many older unemployed people — nearly two million over age 55 — must make tough decisions about how to make up for lost income.
Friday, January 6, 2012
Article: Rate on 30-Year Mortgage Down to Record 3.91 Percent
Rate on 30-Year Mortgage Down to Record 3.91 Percent
http://www.theskanner.com/article/Rate-on-30Year-Mortgage-Down-to-Record-391-Percent-2012-01-05
Article: Dealing with foreclosures; one woman's story
Dealing with foreclosures; one woman's story
http://www.nbc11news.com/home/headlines/Dealing_with_foreclosures_one_womans_story_136793483.html
Thursday, January 5, 2012
NYTimes: Harder for Americans to Rise From Lower Rungs
From The New York Times:
Harder for Americans to Rise From Lower Rungs
Americans enjoy less economic mobility than their peers in Canada and much of Western Europe in part because of the depth of poverty, family background and the gaps between the rich and the rest.
Wednesday, January 4, 2012
NYTimes: Setback for Bank of America in a Lawsuit Filed by MBIA
From The New York Times:
Setback for Bank of America in a Lawsuit Filed by MBIA
A New York judge lowered the burden of proof on the bond insurer to show that Countrywide Financial had committed fraud in inducing MBIA to insure mortgage-backed securities.
Tuesday, January 3, 2012
NYTimes: A Gathering Storm Over ‘Right to Work’ in Indiana
From The New York Times:
A Gathering Storm Over 'Right to Work' in Indiana
Indiana Republicans want to prohibit mandatory dues for private-sector workers, and to spur other states' efforts.
NYTimes: For 2012, Signs Point to Tepid Consumer Spending
From The New York Times:
For 2012, Signs Point to Tepid Consumer Spending
Although retail sales have remained relatively strong, high levels of consumer debt make it unlikely that rapid growth will help power economic expansion.
Monday, January 2, 2012
Article: Companies rate you with new scores | The Poughkeepsie Journal | poughkeepsiejournal.com
Companies rate you with new scores | The Poughkeepsie Journal | poughkeepsiejournal.com
http://www.poughkeepsiejournal.com/apps/pbcs.dll/article?AID=2012301010002
NYTimes: Nobody Understands Debt
From The New York Times:
OP-ED COLUMNIST: Nobody Understands Debt
The obsession with deficit reduction is wrongheaded and ill-informed.
Sunday, January 1, 2012
NYTimes: How Low Can Rates Go?
From The New York Times:
MORTGAGES: How Low Can Rates Go?
Rates are just about as low as they've ever been. But you still need to have all your ducks in a row to take full advantage.
NYTimes: I Just Got Here, but I Know Trouble When I See It
From The New York Times:
ECONOMIC VIEW: I Just Got Here, but I Know Trouble When I See It
Jobs. Europe. Housing. Health care. The writers of the Economic View column examine these and other big issues of the new year, and possible ways to solve them.
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