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Calif. and NY considering foreclosure-abuse dealAP - 2/6/2012 2:48:43 PMAP - California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses. The deal would require the five largest mortgage lenders to reduce loans for about 1 million households.
Convicted NY fraudster sentenced in hit plotAP - 2/6/2012 2:45:05 PMAP - Convicted of engineering a $100 million mortgage-fraud scheme, Aaron Hand was yearning for vengeance and stuck in prison, prosecutors said.
Romney focuses on Obama, Gingrich on Romney in NVAP - 2/3/2012 6:35:33 PM
AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.
New York sues banks over electronic mortgage systemReuters - 2/3/2012 5:54:10 PMReuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
NY's Schneiderman sues banks in foreclosure effortAP - 2/3/2012 5:53:51 PMAP - New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion.
Goldman to face mortgage debt class-action lawsuitReuters - 2/3/2012 12:37:51 PMReuters - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.
Analysis: Obstacles high for more mortgage prosecutionsReuters - 2/2/2012 9:09:16 PMReuters - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
Homebuilders see stable housing market aheadAP - 2/2/2012 7:54:55 PMAP - The CEOs of some of the nation's biggest homebuilding companies said Thursday that they feel the housing market has stabilized.
Rate on 30-year mortgage falls to record 3.87 pct.AP - 2/2/2012 7:01:17 PMAP - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
Woman who stole mortgage money and gambled it away, gets prisonReuters - 2/2/2012 6:02:54 PMReuters - A former foreclosure counselor who gambled away more than $300,000 she stole from her upstate New York clients was sentenced on Thursday to six years in federal prison.
Illinois accuses mortgage firm of robosigningReuters - 2/2/2012 2:24:46 PMReuters - The attorney general in Illinois on Thursday sued a mortgage document firm and said it filed "faulty" documents with local governments in a rush to process mortgages and foreclosures.
Mortgage rates for the past 52 weeks, at a glanceAP - 2/2/2012 10:25:55 AMAP - Mortgage rates for the past 52 weeks, at a glance
Credit Suisse exec charged in NY mortgage probeAP - 2/1/2012 8:37:13 PMAP - The desire to fatten year-end bonuses motivated a Credit Suisse executive and two of his employees to conspire to hide the deteriorating condition of the U.S. housing market in 2007 to keep the value of bonds based on subprime mortgages artificially high, authorities said Wednesday.
Obama plan to lower mortgage payments could help, but how much?The Christian Science Monitor - 2/1/2012 7:13:17 PMThe Christian Science Monitor - President Obama fleshed out a new mortgage-relief plan Wednesday, saying the steps he outlines would "help millions of responsible homeowners" and the US economy.
Obama presses Congress to step up aid for homeownersReuters - 2/1/2012 6:48:11 PM
Reuters - President Barack Obama on Wednesday proposed a multi-billion-dollar package to help U.S. homeowners refinance and stave off foreclosure, part of an election-year push that is likely to face an uphill battle by the Republican opposition in Congress.
Exclusive: Mortgage deal would give states enforcement cloutReuters - 2/1/2012 3:44:36 PMReuters - A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday.
BofA selling three buildings in New York, CharlotteReuters - 2/1/2012 2:43:42 PMReuters - Bank of America Corp plans to sell and lease back three buildings it owns in New York and Charlotte, North Carolina, as it looks to shed non-core assets under an efficiency program
Ex-Credit Suisse employee surrenders: FBIReuters - 2/1/2012 10:08:15 AMReuters - A former Credit Suisse employee surrendered to the FBI on Wednesday on criminal charges, an FBI spokesman said, in a U.S. government probe on writedowns on subprime mortgage derivatives at the height of the financial crisis.
U.S. regulator kicks off foreclosure sales planReuters - 2/1/2012 9:13:37 AMReuters - The regulator for housing finance firms Fannie Mae and Freddie Mac said on Wednesday investors could now sign up to pre-qualify to bid on foreclosed properties held by the government-controlled firms.
Mortgage applications dipped last week: MBAReuters - 2/1/2012 7:26:03 AMReuters - Applications for U.S. home mortgages slipped last week, even as interest rates also eased, an industry group said on Wednesday.