Mortgage and Financial News From 2010-8-16 Page 01
Previous Day: 2010-08-15
Return to the mortgage news archive home.
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13
-
Fed's New Mortgage Rules Crack Down On Predatory Lenders - Huffingtonpost.com
WASHINGTON — The Federal Reserve is banning mortgage brokers and lenders from reaping bigger fees by steering consumers into more expensive home loans. The central bank said Monday the new rules, which go into effect ...
2010-08-16 05:18:00 -
Lenders on lookout for short-sale fraud - Inman.com
Mortgage data aggregator CoreLogic is inviting lenders to join a consortium-based service it says will allow members to monitor properties involved in short sales for evidence of subsequent fraudulent flipping ...
2010-08-11 11:41:00 -
Fed finalizes ban on lender-paid bonuses for mortgage brokers - Los Angeles Times
The Federal Reserve has finalized its rules banning lender-paid bonuses for mortgage brokers and loan officers who get borrowers to accept a higher interest rate than necessary. The Fed said that its consumer ...
2010-08-16 11:45:00 -
905 FHA lenders cited for fraud - Washington Business Journal
The Federal Housing Administration's Mortgage Review Board has cited 905 national lenders for fraud, which prevents those lenders from issuing FHA-approved mortgages for the next year or until their certification has ...
2010-08-04 08:57:00 -
Bank forecloses on Philly housing director's home - msnbc.com
A bank has foreclosed on a $615,000 condominium owned by the head of the Philadelphia Housing Authority, who earns more than $300,000 a year leading the nation's fourth-largest public-housing agency.Carl R. Greene, PHA's ...
2010-08-13 10:12:00 -
Home mortgage foreclosure aid grows by $3 billion - USA Today
The assistance plan announced Wednesday will provide: •$2 billion more for existing programs. Money under the government's Hardest Hit Fund will go to Housing Finance Agency programs in 17 states and the ...
2010-08-11 11:01:00 -
Fed says reverse mortgage loans pose risks - YAHOO!
WASHINGTON (Reuters) – The Federal Reserve and other top regulators said on Monday reverse mortgages pose "compliance and reputation risks" for lenders, and offered guidance to financial firms on how to ...
2010-08-16 03:31:00 -
Impac Mortgage Holdings, Inc. Earnings Conference Call (Q2 2010) - YAHOO!
Impac Mortgage Holdings, Inc., through its subsidiaries, offers mortgage and real estate services in the United States. It offers outsourced loss mitigation services, such as loan modification and short sale services to ...
2010-08-16 07:13:00 -
U.S. mortgage rates edge up slightly - Freddie Mac - Reuters
NEW YORK Aug 27 (Reuters) - Interest rates on U.S. 30-year fixed-rate mortgages rose 0.02 percentage point in the latest week, according to a survey released on Thursday by home funding company Freddie Mac FRE ...
2010-08-14 06:54:00 -
MARGIN BORROWING - A TURBO BOOSTER IF HANDLED CAREFULLY - Caboolture Shire Herald
MARGIN BORROWING - A TURBO BOOSTER IF HANDLED CAREFULLYCaboolture Shire Herald... to laws governing lending practices including the licensing of mortgage brokers and a shift of responsibility to lenders to establish capacity (to pay). ...
2010-08-16 08:50:19 -
Mortgage applications nearly flat last week - Fresno Bee
Home prices rose in nearly two-thirds of U.S. cities this spring as buyers took advantage of tax incentives that gave the struggling housing market a temporary jolt. The median sales price for previously occupied homes ...
2010-08-11 11:41:00 -
New Fed rules aim to protect home buyers - St. Louis Post-Dispatch
WASHINGTON • In a move long sought by consumer advocates, the Federal Reserve issued on Monday rules intended to prevent brokers and lenders from unfairly profiting from new mortgage loans. The rules ban the ...
2010-08-17 12:13:00 -
Fed Adopts Rules Meant to Protect Home Buyer - New York Times
New York TimesFed Adopts Rules Meant to Protect Home BuyerNew York TimesThe Fed announced that it was adopting new rules banning yield spread premiums, which allowed mortgage brokers and lenders to gain additional profit from ...and more »
2010-08-16 09:14:15 -
Competition in Concord - Inner West Courier
Inner West CourierCompetition in ConcordInner West CourierMore mortgage holders will consider switching to smaller lenders if the banks raise interest rates independently of the Reserve Bank of Australia, ...
2010-08-16 09:46:44 -
Cummings Applauds Rapid Deployment Of HUD Programs Aimed At Foreclosure Prevention - Canada Views
Cummings Applauds Rapid Deployment Of HUD Programs Aimed At Foreclosure PreventionCanada ViewsBorrowers must have a reasonable likelihood of resuming repayment of their mortgage and related expenses within the two year period. ...and more »
2010-08-16 08:21:01