Treasury Dept. to rate mortgage firms – Southtown Star
The Treasury Department is planning to rate mortgage companies on how they treat customers as part of the Obama administration’s $75 billion foreclosure relief effort. The new report will include measurements of how each company is handling borrowers and is expected by July, Treasury Secretary
Go to Source
More Mortgage Stuff:
WASHINGTON (Reuters) – The Treasury Department is expected to meet with lenders … The New York Times in its Sunday edition quoted Michael Barr, the Treasury Department’s assistant secretary for financial institutions, as expressing dissatisfaction … Go to Source…
… program will allow communities to spend money on properties in mortgage default and uninhabitable homes with lingering code violations. The Department of Housing and Urban Development says the changes allow more properties to qualify for the … Go to Source…
The Treasury Department is set to revamp its program aimed at helping struggling mortgage holders from falling into foreclosure and losing their homes. The New York Times is reporting that the Obama administration will soon announce changes to the … Go to Source…
The U.S. Treasury Department plans to wind down its $142 billion portfolio of agency-guaranteed mortgage-backed securities by selling about $10 billion in holdings per month. The sales will start this month and be subject to market conditions, the department said today in a statement. Bloomberg’s Lizzie O’Leary reports. Go to Source…
WASHINGTON – The Obama administration, under fire for not developing a concrete plan for mortgage giants Fannie Mae and Freddie Mac, says it will hold a conference next month to discuss their future. The … Go to Source…
The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday’s report from the Treasury Department suggests the $75 billion government effort is failing to … Go to Source…
FBN’s Peter Barnes on the Treasury Department considering decreasing its role in the mortgage market. Go to Source…
GMAC also announced a $767 million net loss for the third quarter on Wednesday, citing red ink in its mortgage business. Allison, the Treasury’s assistant secretary for financial stability, declined to elaborate on the size of the new Treasury … Go to Source…
The U.S. Treasury Department plans to wind down its $142 billion portfolio of mortgage bonds guaranteed by Fannie Mae and Freddie Mac by selling as much as $10 billion per month. Sales will start this month and be subject to market conditions, the … Go to Source…
The Treasury Department announced Monday that it will begin selling its remaining $142 billion in holdings of mortgage-backed securities purchased during the financial crisis. Treasury officials said the first sales of up to $10 billion in the securities … Go to Source…
Posted in Mortgage News