Ohio Sues Mortgage Servicer Over Loan Modifications
Wall Street Journal
New Century had been the second-largest provider of loans to high-risk borrowers, making it one of the earliest casualties when the housing bubble burst. …
Ohio AG and Dept. of Commerce sue servicer for unfair practicesNational Mortgage Professional Magazine
State sues mortgage servicer CarringtonColumbus Dispatch
Carrington calls Ohio mortgage lawsuit "meritless"Reuters
The Plain Dealer - cleveland.com -90.3 WCPN ideastream® -Reuters
all 29 news articles »

Federal Reserve Reports on Expansion of Reverse Mortgage Market
Reverse Mortgage Daily
Thus, the longevity insurance aspect of a tenure HECM loan is very limited. In addition, the data showed that only 10% of HECM borrowers choose the tenure …
Reverse Mortgage Insider Has Some Advice for Senior Citizens on …SeniorJournal.com
Forward on Reverse: An assault on fairness … quash Mortgagee …National Mortgage Professional Magazine
Family Finances: What to consider with reverse mortgagesPittsburgh Post Gazette
KIVI-TV -The Epoch Times -Business Wire (press release)
all 22 news articles »

FHA announces plan to modify troubled mortgages
Seattle Post Intelligencer
Local loan servicers and mortgage counselors welcomed the news. "Frankly, FHA borrowers have been feeling left out," said Susan Greenwald, single-family …
FHA loans now eligible for Obama administration loan modificationsExaminer.com
Guidelines Aim to Help Struggling BorrowersWall Street Journal
New Federal Housing Administration loan assistanceThe Associated Press
National Mortgage Professional Magazine -Washington Examiner -Examiner.com
all 116 news articles »

Illinois Sues Wells Fargo Over Mortgage Discrimination
Wall Street Journal
… subprime loans more often to its highest-income African-American borrowers in the Chicago area than to its lowest-income white borrowers. …
Madigan sues Wells Fargo over alleged discriminationBizjournals.com
Wells Fargo Ends Consumer Mortgage Lending in CanadaBloomberg
Illinois files bias suit against Wells FargoReuters
eNews Park Forest -Chicago Tribune -Clout Street - Chicago Tribune Blog
all 82 news articles »

US Q2 cash-out refinancing activity fell-Freddie Mac
Reuters
Half of borrowers who refinanced their home loan in the second quarter lowered their annual mortgage interest rate by at least 20 percent, the report said. …
GSEs Unlikely to Repay US in FullWall Street Journal
Refinancings save US borrowers $3.4BBizjournals.com
Home ATM: Low on Cash, but Not Totally Tapped OutWall Street Journal Blogs
Bizjournals.com -Reuters -Reuters
all 146 news articles »

Lucrative Fees May Deter Efforts to Alter Loans
New York Times
Even when borrowers stop paying, mortgage companies that service the loans collect fees out of the proceeds when homes are ultimately sold in foreclosure. …
Ocwen Endorses Administration's Stepped-Up Effort to Promote …Trading Markets (press release)
Banks That Reap Fees From Bad Loans Won't Want To Help Beleaguered …The Consumerist
Lenders fees interfere with homeowner helpUnited Press International
SmartBrief
all 25 news articles »

Guidelines Aim to Help Struggling Borrowers
Wall Street Journal
Under the FHA plan, mortgage servicers can reduce the amount of principal on which the borrower must make loan payments by as much as 30% to get monthly …
New Federal Housing Administration loan assistanceThe Associated Press
Federal mortgage programs open doors for cash-strapped first-timersWashington Examiner
Value Nation: How strong is the FHA loan?National Mortgage Professional Magazine

all 97 news articles »

Mortgage loan changes
Newsday
Lenders must give borrowers loan cost estimates within three business days of the application for refinancing, second home mortgage or home equity loan. …
Are Mortgage Servicers Like Evil Credit Card Companies?Atlantic Online
Banks Asked to Ramp Up Loan HelpWashington Post
First Coast loan modifications slowFlorida Times-Union
Wall Street Journal -Scripps News -Florida Times-Union
all 434 news articles »

US wants lenders to speed up mortgage aid
Reuters
Officials hope the effort will reach up to 4 million borrowers who are using a large share of their income to keep up their mortgage payments. …
Mtge Indus, Advocates Seek Database For Government Loan ModificationNASDAQ
Meltdown 101: Why is housing aid slow to arrive?The Associated Press
Round 3: More help for homeownersCNNMoney.com
Daily Finance -Reuters -NASDAQ
all 157 news articles »

Mortgage Servicers Pledge to Accelerate Modifications
Bloomberg
The Making Home Affordable loan modification program was crafted this year to help as many as 4 million struggling borrowers save their homes. …
Feds push mortgage companies to modify more loansThe Associated Press
Lawsuit Seeks to Block Home Foreclosures in Minn.New York Times
Foreclosures Are Often In Lenders' Best InterestWashington Post
Chicago Sun-Times -The Associated Press
all 220 news articles »