Mortgage Loans
Breaking news on the mortgage crisis and home loans
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Publ.Date : Mon, 06 Feb 2012 14:37:54 GMT China Limits Feb. 3 (Bloomberg) -- China will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool prices. The nation’s planning agency won’t approve medium- and long-term ... Multifamily Originations of commercial and multifamily loans grew 13% year-over-year in the fourth quarter of 2011, while still declining 7% from the third quarter, an industry trade group said Monday. The Mortgage Bankers Association said its quarterly survey shows a ... Even with the cheapest rates in history, the housing market remains depressed. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan dropped to 3.87 percent this week. That is below the previous record of 3.88 hit two weeks ago. National The deal would require the five largest mortgage lenders to reduce loans for about 1 million households. State attorneys general have set a deadline of the end of Monday for states to join the settlement. Homeowners in states that opt out of the ... Banks to take a hit on US home The housing secretary’s remarks signal an escalation on the part of the Obama administration to secure lower monthly payments for troubled borrowers and reduced loan balances from banks accused of wrongdoing and investors in the mortgages those banks ... Miami Family Charged with Multi-Faceted On February 2, 2012, a 10-count indictment was unsealed charging six defendants for their alleged participation in a mortgage fraud scheme that resulted in approximately $2 million in fraudulent loans. Charged in the indictment are defendants Ivania ... GSF ... Officer Chad Jampedro announced today that GSF Mortgage is offering to pay for credit repair services for any veteran who would be eligible for a Department of Veterans Affairs (VA) Guaranteed Home Loan. “In today’s tumultuous economic climate ... Who benefits from possible $25B ... and major mortgage servicers are moving closer to amultibillion-dollar settlement over alleged foreclosure and mortgage loan-servicing abuses. A deal could be finalized by early February, some officials say, although that's not a certainty. Maverick Funding Corp. Announces Additional Growth for Reverse Maverick Funding Corp. today announced that 40 reverse mortgage loan officers from Baltimore-based Great Oak Funding, including former CEO Joshua Shein, are joining its subsidiary, Reverse Mortgage Network, headquartered in Parsippany, New Jersey. |