News
22 Feb 2012, 7:23 pm
Reuters – Republican Mitt Romney, looking for a boost in his presidential campaign, proposed an overhaul of the tax system on Wednesday that he said would cut Americans’ tax rates by 20 percent and limit deductions for the wealthy.
Source: Yahoo! News: Personal Finance News |
22 Feb 2012, 7:19 pm
 Christian Science Monitor |
Mortgage Rates: Low Mortgage Rates Hold On After Greece Bailout Approved
FreeRateUpdate.com Current low mortgage rates are holding on after the long anticipated Greece bailout was approved. While this long anticipated deal has been a driving force with markets, there were no significant rallies. There are still concerns about whether this new … HSH.com Weekly Mortgage Rate Radar: Rates Down Slightly but Expected to Trend … No change in low mortgage rates Are all Variable Mortgages the Same? |
Source: mortgages – Google News |
22 Feb 2012, 5:37 pm
 The Real Deal New York |
Mortgage Applications Decrease Again in the Latest MBA Survey
LoanSafe (Source: MBA) — Mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 17, 2012. The Market Composite Index, … Mortgage Application Volume Falls 2.5% Mortgage applications dropped last week US mortgage applications sagged last week: MBA |
Source: mortgages – Google News |
22 Feb 2012, 4:54 pm
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Clampdown on interest-only mortgages
This is Bristol As it says on the tin, an interest-only mortgage means you pay just the interest every month on your loan. The capital, which is the part that reduces the amount you owe, is paid into a separate repayment vehicle such as a stocks and shares ISA, … |
Source: mortgages – Google News |
22 Feb 2012, 4:40 pm
 The Star-Ledger – NJ.com |
Conn. to reap millions in mortgage settlement
CBS News Connecticut Attorney General George Jepsen told state lawmakers Tuesday that a national settlement for mortgage abuses has established needed reforms, but he asked that they use millions from the deal to help struggling homeowners and not spend the … The $25 Billion Housing Settlement: Regulations with a Side of Cash A new era in homeownership Banks Take It Easy, While Miami Struggles Against Foreclosures |
Source: mortgages – Google News |
22 Feb 2012, 4:22 pm
 AdvisorOne |
Pimco Said to Quit Group After Mortgage-Deal Silence
BusinessWeek The episode underscored Pimco's concern that the trade group doesn't advocate for debt buyers as well as banks that underwrite mortgages, the people said. The foreclosure agreement resolves state and federal probes into practices such as so-called … PIMCO Quits SIFMA Splinter Group |
Source: mortgages – Google News |
22 Feb 2012, 4:17 pm
Reuters – JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities.
Source: Yahoo! News: Personal Finance News |
22 Feb 2012, 3:44 pm
 Bloomberg |
Citigroup 'Defrauded' Fannie, Freddie, Whistle-Blower Says
BusinessWeek The bank “defrauded, falsified information or misled federal government entities” by selling or securing insurance for mortgages with defects such as improper appraisals and not reporting them as required, Sherry Hunt, a Citigroup quality- assurance … Fannie Mae and Freddie Mac Require Investment, DeMarco Says Watchdog: Fannie, Freddie Must Spend Less On Legal Fees For Former Executives Feds Triple Incentive to Reduce Mortgages |
Source: mortgages – Google News |
22 Feb 2012, 2:22 pm
 Bloomberg |
Wall Street Crowds Into Trader Joe's as Trophies Prove Elusive: Mortgages
Bloomberg Enlarge image Wall Street Crowds Into Trader Joe's for Bond Deals Wall Street Crowds Into Trader Joe's for Bond Deals Francis Specker/Bloomberg Morgan Stanley is selling about $1 billion of commercial mortgage-backed securities with five of the 10 … Wall Street Crowds Into Trader Joe's for Bond Deals: Mortgages |
Source: mortgages – Google News |
22 Feb 2012, 1:19 pm
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Mortgage Industry Professionals Gather to Discuss American Homeownership
Business Wire (press release) PHILADELPHIA–(BUSINESS WIRE)–On February 10, 2012, Radian Guaranty hosted a panel on Capitol Hill called, “Homeownership: Creating Access to Mortgages, the Public-Private Balance.” The purpose of the panel was to discuss the current state of the … |
Source: mortgages – Google News |
22 Feb 2012, 12:40 pm
AP – The government’s new consumer-watchdog agency is launching a probe into costly overdraft fees charged by big banks.
Source: Yahoo! News: Personal Finance News |
22 Feb 2012, 12:03 pm
Reuters – Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.
Source: Yahoo! News: Personal Finance News |
22 Feb 2012, 11:11 am
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Mortgage Defaults Decline for the First Time in Five Months
LoanRateUpdate (press release) Monthly default rates on first mortgages declined for the first time in five months in January, helping to contribute to an overall decline in the S&P/Experian Consumer Credit Default Indices from 2.24 percent in December to 2.16 in January. |
Source: mortgages – Google News |
22 Feb 2012, 6:33 am
Reuters – The Obama administration will propose slashing the top income tax rate for corporations to 28 percent from the current 35 percent, as part of a corporate tax reform plan that is set to be announced on Wednesday, the Wall Street Journal said.
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22 Feb 2012, 5:32 am
Reuters – A government watchdog on Wednesday said Fannie Mae and Freddie Mac’s regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.
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22 Feb 2012, 5:08 am
AP – The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.
Source: Yahoo! News: Personal Finance News |
21 Feb 2012, 11:14 pm
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Mortgage relief faces a tax-law nightmare
The Seattle Times The Mortgage Forgiveness Debt Relief Act — under which a reduction on mortgage principal as a result of a loan modification, short sale or foreclosure is not subject to federal income tax — will expire in 10 months, and there are early indications … |
Source: mortgages – Google News |
21 Feb 2012, 10:15 pm
AP – Sophisticated encryption software has become so readily available and so effective, it’s surpassed the federal government’s ability to seize computers and gather evidence in criminal cases.
Source: Yahoo! News: Personal Finance News |
21 Feb 2012, 7:46 pm
Reuters – The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.
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21 Feb 2012, 6:56 pm
The Motley Fool – In a 2009 NBC/Wall Street Journal poll, 8 in 10 Americans said they were concerned about the federal deficit and growing national debt.
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21 Feb 2012, 6:17 pm
AP – The government regulator for Fannie Mae and Freddie Mac has submitted a plan to Congress that would shrink the mortgage giants’ role in the housing market.
Source: Yahoo! News: Personal Finance News |
20 Feb 2012, 1:31 pm
Reuters – The European Central Bank will lend nearly half a trillion euros to banks at rock-bottom rates next week through its three-year refinancing operation, despite signs institutions already have adequate liquidity, Reuters polls showed on Monday.
Source: Yahoo! News: Personal Finance News |
17 Feb 2012, 3:33 am
Reuters – It wasn’t Sherry Hunt’s original intent to go public on the shoddy quality control at a mortgage unit at Citigroup Inc , her employer since 2004.
Source: Yahoo! News: Personal Finance News |
17 Feb 2012, 12:18 am
ContributorNetwork – Politico reports Rick Santorum has released four years’ worth of federal income tax returns. The news outlet posted all four returns as PDF files for anyone to examine from 2007 to 2010. It was noted that Santorum released four years of income tax data, more than competitors Mitt Romney and Newt Gingrich.
Source: Yahoo! News: Personal Finance News |
16 Feb 2012, 8:37 pm
AP – Optimism has returned to the market. And the clearest evidence is the rebound of small company stocks.
Source: Yahoo! News: Personal Finance News |
16 Feb 2012, 3:47 pm
AP – The number of Americans at risk of foreclosure is declining, as more homeowners climb out of debt and find steady work.
Source: Yahoo! News: Personal Finance News |
16 Feb 2012, 3:39 pm
AP – The average rate on the 30-year fixed mortgage held steady at a record low for a third straight week, offering more incentive to those looking to buy a home or refinance.
Source: Yahoo! News: Personal Finance News |
16 Feb 2012, 3:13 pm
AP – Mortgage rates for the past 52 weeks, at a glance
Source: Yahoo! News: Personal Finance News |
16 Feb 2012, 2:27 pm
AP – Construction of single-family homes cooled off slightly in January after surging in the final month last year. But a rise in permits suggests builders are growing more confident that more buyers are ready to come off the sidelines.
Source: Yahoo! News: Personal Finance News |
15 Feb 2012, 11:21 pm
Reuters – Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit.
Source: Yahoo! News: Personal Finance News |
