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BofA, JPMorgan say they have fulfilled mortgage settlement terms
Bank of America Corp. and JPMorgan Chase & Co. say they have satisfied their obligations to help troubled borrowers under last year's landmark mortgage settlement with state and federal officials. Another bank that signed the settlement, Wells Fargo &...Tags: Investments, Consumers, General Motors Acceptance Corporation, Citigroup Incorporated, Economy, Business and Finance
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3 big banks nearly halt foreclosure sales after U.S. tweaks orders
Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes. The banks...Tags: Office of the Comptroller of the Currency, Foreclosures, Citigroup Incorporated, JPMorgan Chase & Co., U.S. Department of the Treasury
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Orlando woman lied about military service to avoid paying mortgage, feds say
No lie was too big to tell for an Orlando woman who wanted a new home in Pensacola, but didn't want to pay the mortgage for her Orlando home, federal officials said. Chantal M. Lanton, 37, of Orlando is accused of falsely claiming to be an officer in...
Tags: Justice System, U.S. Department of Justice, Crime, Law and Justice, U.S. Military, Trials
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Short sales routinely show up in credit reports as foreclosures
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Tags: Consumers, Freddie Mac, Foreclosures, Economy, Business and Finance, Finance
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Mortgage rates climb, 30-year loans now above 3.5 percent
Sun SentinelAverage interest rates on both 15- and 30-year fixed-rate mortgages increased for the second week in a row, with the 30-year jumping above 3.5 percent for first time in weeks, Freddie Mac said Thursday. Average 30-year, fixed-rate loans rose to 3.51...Tags: Freddie Mac
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Freddie Mac: Mortgage rates rise; average 30-year loan at 3.51%
Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago. The survey, released Thursday by mortgage financier...Tags: Freddie Mac, Credit Ratings, Financial and Business Services, Loans
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Mortgage rates tick up, Freddie Mac says: 30-year fixed at 3.42%
Fixed mortgage rates have reversed course and ticked upward, with lenders offering 30-year home loans at an average of 3.42% compared with 3.35% last week, according to the latest Freddie Mac survey. The typical rate for a 15-year fixed mortgage rose...Tags: Freddie Mac, Labor Markets, Financial and Business Services, Loans
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Mortgage interest rates rise for first time in 6 weeks
Sun SentinelAverage interest rates on both 15- and 30-year fixed-rate mortgages increased this week after falling for five weeks in a row, Freddie Mac said Thursday. Average 30-year, fixed-rate loans jumped to 3.42 percent this week after dipping to 3.35 ...Tags: Freddie Mac, Economy, Business and Finance, Finance, Money and Monetary Policy
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Families Reduce 1st-quarter Debt Load To 2006 Level
American families reduced their debt load in the first three months of the year by 1 percent, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday. Outstanding household debt, including...Tags: Social Issues, Consumers, Credit and Debt, Financial and Business Services, Loans
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US housing perks up, but too few homes for sale
GRAND RAPIDS, Mich. (AP) — Beth Heinen Bell and her husband, Christian — like a rising number of Americans — are ready to jump into the real estate market and become homeowners. Yet they're running into an obstacle that's keeping the...
Tags: Real Estate Agents, Prices, Rentals, Economy, Business and Finance, Finance
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Local lenders say U.S. 'qualified mortgage' rules go too far
Even as federal regulators recently cracked down on loose mortgage lending, they hoped that credit unions and community banks would serve as a haven for marginal borrowers. Such neighborhood institutions know their customers, the theory goes, so they...
Tags: Consumers, Freddie Mac, U.S. Congress, Economy, Business and Finance, Crime, Law and Justice
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Kickbacks as 'a natural part of business' at Fannie Mae alleged
Before dawn one hazy March day in L.A., Armando Granillo pulled his SUV into a Starbucks near MacArthur Park, where he planned to pick up an envelope full of cash from an Arizona real estate broker, federal investigators say. Granillo, a foreclosure...
Tags: Real Estate Agents, Starbucks Corp., Foreclosures, Economy, Business and Finance, Finance
May 22, 2013
|Story| Los Angeles Times
May 19, 2013
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May 18, 2013
|Story| Orlando Sentinel
May 17, 2013
|Story| Los Angeles Times
May 16, 2013
|Story| South Florida Sun-Sentinel
May 16, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| South Florida Sun-Sentinel
May 14, 2013
|Story| Los Angeles Times
May 6, 2013
|Story| Petoskey News
May 27, 2013
|Story| Los Angeles Times
May 27, 2013
|Story| Los Angeles Times
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