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Mortgage News

Activists block entrances to branches of Spanish bank

Barcelona - Anti-eviction activists blocked Wednesday the entrance to 12 branches of Spain's Banco Popular bank, which they accuse of not doing enough to prevent struggling mortgage holders from losing their homes.
In the Media by AFP

Citi agrees to pay $1.1 bn in mortgage settlement

New York - Citigroup Monday said it reached an agreement with a group of 18 institutional investors to pay $1.125 billion to settle claims on some mortgage-backed securities sold ahead of the financial crisis.
In the Media by AFP

JPMorgan pays $400 mn to settle on mortgage securities

New York - US banking giant JPMorgan Chase agreed to pay $400 million in cash to settle litigation filed by Syncora Guarantee Inc.
In the Media by AFP

Freddie Mac reimburses US bailout on huge profit jump

New York - Freddie Mac Thursday said its payments to the US Treasury have exceeded its 2008 US bailout funds as the US mortgage-finance giant notched a huge jump in earnings.But Freddie signaled that its meteoric earnings growth, a more than four-fold increase an...
In the Media by AFP

Morgan Stanley set to pay $275 mn to settle SEC probe

Washington - US banking giant Morgan Stanley on Tuesday said it would pay $275 million to settle a Securities and Exchange Commission probe of mortgage-backed securities deals.In a filing, Morgan Stanley noted that it had reached a preliminary agreement with the SE...
In the Media by AFP

Op-Ed: Average UK house prices rise to £250,000, will the bubble burst?

Government figures show that the average price of a house across the U.K. has hit £250,000 ($420,000) for the first time.
In the Media by Tim Sandle - 5 comments

NGO challenges $13 bln JPMorgan Chase settlement

New York - A non-profit group filed suit over a record $13 billion settlement between the US Justice Department and JPMorgan Chase concerning high-risk mortgage securities it sold ahead of the housing bust.Better Markets, an NGO that advocates for US financial ma...
In the Media by AFP

JPMorgan to pay $614 mn to settle charges on bad loans

New York - JPMorgan Chase will pay $614 million to settle US charges that it approved thousands of bad loans that wrongly qualified for federal insurance, the Department of Justice announced Tuesday.
In the Media by AFP

Morgan Stanley to pay $1.25 bn in mortgage settlement

New York - US banking giant Morgan Stanley Tuesday said it agreed to pay $1.25 billion to settle charges that it misled investors on the sale of mortgage-backed securities ahead of the housing bust.
In the Media by AFP

U.S. wealthy benefit from cheaper mortgage rates

With the U.S. economy still in recovery mode and most prospective homeowners exercising caution, the rich are on a property buying spree, thanks to lower mortgage rates.
In the Media by Gene Kosowan - 3 comments
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Mortgage Blogs

The Final Sign The Financial Apocalypse Is Upon Us - Even Politicians Now Admit They Ruined The Economy

It is no secret that the U.S. economy continues to plod along in a continued, long term economic funk: * 42...
Oct 3, 2012 by Walter "Bruno" Korschek

The Do’s and Don’ts of Upgrades

When it comes to optioning the house, the primary question an investor should be asking themselves upon an acquisition...
Jun 11, 2012 by D. Sidney Potter

Finding a Mortgage Broker

Once again, this is all about leverage, and it’s about assessing what your net gain is going to be versus risk...
Nov 22, 2011 by D. Sidney Potter

Finding a Lender

Finding a lender is in actuality the easy part; it’s getting the type of loan that you want that’s the hard part....
Nov 18, 2011 by D. Sidney Potter

What banks don’t want you to realize about refinancing your mortgage

Home ownership is not just “the American Dream” and despite the recent economic problems, it is certainly favored...
Jul 28, 2011 by Marcel Elfers - 2 comments
 

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