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Archive for the ‘Mortgage News’ Category

(Reuters) – 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. Under the settlement …
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After nearly a year of negotiations, federal and state officials 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 …
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The Obama administration on Friday announced it would significantly broaden the pool of consumers eligible for mortgage modifications by opening its program to owners of rental properties and homeowners burdened by medical and credit card bills …
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The Federal Reserve announced this week that it does not plan to raise interest rates until 2014 at the earliest. Does this mean you can expect another two years of 4 percent mortgage rates? Not necessarily. While the Federal Reserve plays a major role in …
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For the first time since the crisis, federal investigators will be joined by state law enforcement officials as part of a working group that, New York Attorney General Eric Schneiderman said, would launch the “broadest, deepest investigation …
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U.S. Attorney General Eric Holder Friday announced the formation of a task force focused on probing residential mortgage-backed securities following President Barack Obama’s call for a unit to probe the finance industry’s conduct leading up to …
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(Reuters) – The outlook for securing a broad mortgage settlement that would bring housing relief nationwide has clouded, as California on Wednesday said the latest proposal is inadequate and New York was tapped to help lead a separate mortgage …
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