Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Business

>> MORTGAGE LOANS Latest News

FEB 07, 2016 - Boston Herald

A Must Read - Share

Expanding access to home loans to buyers still elusive

WASHINGTON — Federal housing policy makers and mortgage lending groups have been talking about expanding access to home loans for greater numbers of credit-worthy buyers for more than a year. They call it “opening up the credit box” and insist that it’s an important goal.

Tags: Expanding access to home loans to buyers still elusive,  Mortgage Loans Latest News

FEB 05, 2016 - Washington Business Journal

A Must Read - Share

HSBC cuts $470M settlement over mortgage practices

HSBC Bank USA N.A. has reached a $470 million settlement with state and federal agencies to resolve issues related to certain mortgage lending policies. As part of the settlement, nearly 136,000 New York borrowers whose loans were serviced by HSBC and who lost their homes to foreclosure between Jan. 1, 2008 and Dec. 31, 2012 and encountered servicing abuse are ...

Tags: HSBC cuts $470M settlement over mortgage practices,  Mortgage Loans Latest News

FEB 05, 2016 - Business Insider

A Must Read - Share

Kyle Bass is going to war with his latest short target (udf)

Texan hedge fund manager J. Kyle Bass has stepped out as the anonymous short-seller going after United Development Funding IV, a Texas-based real-estate-investment trust (REIT). Bass, who runs Dallas-based Hayman Capital, has launched a website on Friday that alleges the company is operating a "Ponzi-like real estate scheme." He also published the following letter:  Dear Reader: At Hayman Capital, we attempt ...

Tags: Kyle Bass is going to war with his latest short target (udf),  Mortgage Loans Latest News

FEB 05, 2016 - Washington Business Journal

A Must Read - Share

Wells Fargo says recovering housing market is triggering widespread layoffs

Wells Fargo & Co. (NYSE:WFC) said it's cutting 581 employees throughout its mortgage operations, and that includes nearly 70 in the Charlotte region. The San Francisco-based bank employs 265,000 people coast to coast. "Delinquency and foreclosure rates for mortgage loans have declined to the lowest level in four years and are expected to continue to move closer to historical averages ...

Tags: Wells Fargo says recovering housing market is triggering widespread layoffs,  Mortgage Loans Latest News

FEB 05, 2016 - Huffington Post

A Must Read - Share

Hillary Clinton's 'Tough On Wall Street' Speech Wasn't Very Tough

WASHINGTON -- Hillary Clinton has repeatedly said she told Wall Street to "cut it out" during a 2007 speech she gave on the Nasdaq trading floor. The speech itself, however, is far more sympathetic to Big Finance than Clinton's presidential campaign rhetoric has suggested. By December 2007, the economy was already in recession. Widespread abuses in the mortgage market were ...

Tags: Hillary Clinton's 'Tough On Wall Street' Speech Wasn't Very Tough,  Mortgage Loans Latest News