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02/07/2012 05:44 PM
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Eyes on dissident states as mortgage deal nears
(Reuters)
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Reuters - A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.
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02/07/2012 05:41 PM
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AP Enterprise: Brown bank regulator an insider
(AP)
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 AP - Gov. Jerry Brown's appointee to head the department that oversees banking, financial and consumer regulations in California led a trade association that fought against tighter lending restrictions before the subprime mortgage crisis exploded and was an executive with Washington Mutual when the now-failed bank was among the most aggressive marketers of loans to high-risk borrowers.
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02/07/2012 03:38 PM
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More US states to join foreclosure-abuse deal
(AP)
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AP - Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis, will join a nationwide settlement over foreclosure abuses, officials with direct knowledge say. They will join more than 40 other states in approving a deal that would benefit many Americans who lost their homes or can't afford their mortgages.
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02/07/2012 12:32 PM
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Analysis: Banks largely reserved for U.S. mortgage pact cost
(Reuters)
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Reuters - As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
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02/07/2012 09:38 AM
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Delaware officials wrestle over mortgage deal
(Reuters)
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Reuters - Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday.
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02/06/2012 07:26 PM
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More than 40 states agree to foreclosure deal
(AP)
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AP - More than 40 U.S. states have agreed to a nationwide settlement over foreclosure abuses.
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02/06/2012 03:26 PM
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Housing plan helps nearly 1 million homeowners
(Reuters)
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 Reuters - Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.
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02/06/2012 02:26 PM
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Convicted NY fraudster sentenced in hit plot
(AP)
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 AP - Convicted of engineering a $100 million mortgage-fraud scheme, Aaron Hand was yearning for vengeance and stuck in prison, prosecutors said.
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02/03/2012 04:35 PM
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Romney focuses on Obama, Gingrich on Romney in NV
(AP)
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 AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.
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02/03/2012 03:54 PM
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New York sues banks over electronic mortgage system
(Reuters)
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Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
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02/03/2012 03:53 PM
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NY's Schneiderman sues banks in foreclosure effort
(AP)
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AP - New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion.
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02/03/2012 10:37 AM
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Goldman to face mortgage debt class-action lawsuit
(Reuters)
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Reuters - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.
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02/02/2012 07:09 PM
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Analysis: Obstacles high for more mortgage prosecutions
(Reuters)
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Reuters - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
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02/02/2012 05:54 PM
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Homebuilders see stable housing market ahead
(AP)
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AP - The CEOs of some of the nation's biggest homebuilding companies said Thursday that they feel the housing market has stabilized.
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02/02/2012 05:01 PM
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Rate on 30-year mortgage falls to record 3.87 pct.
(AP)
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AP - The average rate on the 30-year fixed mortgage fell this week to a record low, the ninth time that has happened in the last year. Even with the cheapest rates in history, the housing market remains depressed.
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02/02/2012 04:02 PM
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Woman who stole mortgage money and gambled it away, gets prison
(Reuters)
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Reuters - A former foreclosure counselor who gambled away more than $300,000 she stole from her upstate New York clients was sentenced on Thursday to six years in federal prison.
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02/02/2012 12:24 PM
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Illinois accuses mortgage firm of robosigning
(Reuters)
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Reuters - The attorney general in Illinois on Thursday sued a mortgage document firm and said it filed "faulty" documents with local governments in a rush to process mortgages and foreclosures.
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02/02/2012 08:25 AM
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Mortgage rates for the past 52 weeks, at a glance
(AP)
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AP - Mortgage rates for the past 52 weeks, at a glance
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02/01/2012 06:37 PM
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Credit Suisse exec charged in NY mortgage probe
(AP)
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AP - The desire to fatten year-end bonuses motivated a Credit Suisse executive and two of his employees to conspire to hide the deteriorating condition of the U.S. housing market in 2007 to keep the value of bonds based on subprime mortgages artificially high, authorities said Wednesday.
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02/01/2012 05:13 PM
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Obama plan to lower mortgage payments could help, but how much?
(The Christian Science Monitor)
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The Christian Science Monitor - President Obama fleshed out a new mortgage-relief plan Wednesday, saying the steps he outlines would "help millions of responsible homeowners" and the US economy.
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