… compared with 13 percent for all loans, according to the Mortgage Bankers Association. FHA officials, however, say the agency won’t need a rescue unless the economy slips back into a recession. In that worst-case scenario, home … a loan …
LAS VEGAS – A federal prosecutor says the former owner of a Nevada property firm faces conspiracy and fraud charges in a mortgage fraud scheme involving so-called “straw buyers” and false loan documents. The U.S. attorney for Nevada, Daniel Bogden …
PLANO, Texas — Shontaye Edwards spends her day in a gray cubicle at a Bank of America call center in this Dallas suburb. On the other end of the phone line are homeowners – tense, exasperated and looking for help. They often call with questions …
WASHINGTON (UPI) — Interest rates for 30-year, fixed-rate U.S. mortgages fell to a five-week low in the week ending Nov. 12, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 4.91 percent with an average 0 …
They often call with questions about the Obama administration’s plan to help borrowers modify their mortgages, but many simply don’t qualify. They make too much money, or too little. They have too much debt. They don’t actually live in the home …
The Federal Reserve Board had a two-day closed-door meeting last week. While there are signs that show the economy is recovering, the Fed has every intention of keeping rates low for an extended period of time because any recovery is likely to be a …
American Home Mortgage Servicing has reached a settlement with the State of Massachusetts, agreeing to modify 8,200 mortgages held by Massachusetts homeowners. The firm had previously been blocked by a state court from foreclosing on the mortgages …
WASHINGTON, DC (CBS MoneyWatch)–Getting out from under your mortgage probably sounds like a no-brainer. If you have the cash, why not pay off the house and avoid the hundreds of thousands of dollars in interest payments you’d otherwise have to make …
The workers are needed as the company aggressively goes after new home mortgage business and customers refinancing their home loans. Through organizational changes and additional systems, the company has boosted its loan capacity, said Dave Lowman …
SAN FRANCISCO (MarketWatch) — J.P. Morgan Chase & Co. (NYSE:JPM) said Tuesday that it plans to hire 1,200 loan officers by the end of 2010. The 60% sales force increase is intended to help Chase customers buy and refinance homes, the bank said. The …
