Fear stymies mediation process - Buffalo News

November 30th, 2009 by admin

HULIQ
Fear stymies mediation process
Buffalo News
David A. Paterson this month signed new legislation extending those same provisions and protections to all mortgage borrowers — making New York the first
Foreclosure Protections for AllNew York Times
Walk Away If Mortgage Underwater Says ProfessorHULIQ
Prof backs mortgage walkawaysBoston Herald

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Is the FHA at Risk? - CBS News

November 30th, 2009 by admin

CBS News
Is the FHA at Risk?
CBS News
FHA loan volume has soared - quadrupling in the past three years. In 2006, 425000 borrowers acquired FHA-backed loans. This year, nearly half of all
Loan guarantees need a closer lookConcord Monitor

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MARK PITTMAN, 52 Reporter foretold effects of subprime mortgage crisis - Washington Post

November 30th, 2009 by admin
MARK PITTMAN, 52 Reporter foretold effects of subprime mortgage crisis
Washington Post
Mr. Pittman wrote in 2007 about the security of home loans as subprime borrowers with bad credit histories began missing mortgage payments at a faster
Mark Pittman, Reporter Who Challenged Fed Secrecy, Dies at 52Bloomberg
Mark Pittman, Journalist Critical of the Fed DiesFiredoglake (blog)

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Pressure Grows on Loan Modifications - Wall Street Journal

November 30th, 2009 by admin

Boston Globe
Pressure Grows on Loan Modifications
Wall Street Journal
While more than 650000 borrowers have been given trial mortgage modifications under the plan, few borrowers have received permanent modifications.
Treasury to meet with mortgage servicers MondayReuters
US Treasury to Push Lenders to Finish More Home ModificationsBloomberg
More federal pressure on mortgage companiesLos Angeles Times
New York Times -ABC News -Poder 360
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More federal pressure on mortgage companies - Los Angeles Times

November 29th, 2009 by admin

Boston Globe
More federal pressure on mortgage companies
Los Angeles Times
The Treasury is also expected to announce that the loan modifications must be permanent before it will pay cash incentives to lenders that lower mortgage
US Treasury to Push Lenders to Finish More Home ModificationsBloomberg
UPDATE 1-US Treasury wants more lender leeway on loansReuters
US Will Push Mortgage Firms to Reduce More Loan PaymentsNew York Times
Washington Post -CNNMoney.com -The Associated Press
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Foreclosure Protections for All - New York Times

November 28th, 2009 by admin

New York Times
Foreclosure Protections for All
New York Times
LAST year, a new law was put into place in New York to help protect subprime mortgage borrowers from foreclosure.

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The moral dimensions of ditching a mortgage - Washington Post

November 28th, 2009 by admin

eCreditDaily.com
The moral dimensions of ditching a mortgage
Washington Post
"Borrowers who walk away from their mortgage obligations face serious consequences" including severely depressed credit scores for extended periods,
1 in 4 Borrower's Owe More on Their Mortgage Loans Than Homes are Worth, Says My Bank Tracker Bank News
1 in 4 Mortgage Borrowers Is Under WaterCBS News
One in Four US Mortgages 'Underwater'The Epoch Times
San Jose Mercury News -Los Angeles Times -Bizjournals.com
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Mortgage rates drop to record lows — if you can qualify - Los Angeles Times

November 27th, 2009 by admin

BBC News
Mortgage rates drop to record lows — if you can qualify
Los Angeles Times
The survey assumes borrowers have good credit, a 20% down payment or 20% equity if it's a refinance, and pay 0.7% of the loan balance in upfront fees and
Obama Refinance Plan – Lower Mortgage Rates in 2010?Subprime Blogger
Mortgage rates dip to autumn lowBBC News
Mortgage rates at record lowsInman.com
Times Online -NEWS.com.au -Choices
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Mortgage-Bond Yields Tumble to Lowest in More Than Six Months - Bloomberg

November 25th, 2009 by admin
Mortgage-Bond Yields Tumble to Lowest in More Than Six Months
Bloomberg
Spreads on a so-called option-adjusted basis, which takes into account the uncertainty related to how fast borrowers will prepay loans, of all fixed-rate
Freddie Mac Files $595M Claim Relating to TBW LoansHousing Wire
FHFA reports: Fannie and Freddie loan mods continue to growNational Mortgage Professional Magazine
Freddie Mac says TBW losses 'could be significant'The Associated Press
Reuters -Wall Street Journal -PR Newswire (press release)
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Fitch: Financing Pressures Build In European CMBS - Wall Street Journal

November 25th, 2009 by admin

Ad-Hoc-News (Pressemitteilung)
Fitch: Financing Pressures Build In European CMBS
Wall Street Journal
LONDON (Dow Jones)–The slump in the property market and the growing need for borrowers to repay mortgage loans are raising the pressure on transactions in
Fitch Downgrades 7 Classes from JPMCC 2005-CIBC12; Assigns Outlooks and LS RatingsEarthtimes (press release)
Fitch Downgrades ARMSS 2005-1; Assigns Outlooks and LS RatingsPR-inside.com (press release)

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