Your Search Returned 500 tagged news reports
Officials hoping for clear indications of what is happening in the housing market have been given a dose of bad news. The latest figures on mortgage lending amount to a "statistical fog", according to the Council of Mortgage Lenders (CML)...While the
The money is supposed to provide funding for loan modifications and other forms of relief over a three-year period. The state also expects about 1,200 Maryland borrowers to be eligible to apply for a one-time payment from a $40 million national fund.
Bank of America Corp ( BAC ) will have to face a lawsuit worth $1 billion that originated from Merrill Lynch's operations back in 2006. A New York appeals court upheld a previous ruling today, calling for the bank to face the lawsuit.
Department of Justice to pay more than $10 billion to settle a probe into the bank's sales of mortgage securities before the financial crisis, Bloomberg News reported on Friday. The report, which cited a person familiar with the investigation, said
From a technical perspective, the rising wedge formation we've seen over the past few weeks seems to have broken in the bulls' favor. It appears perhaps we now have an upside target of 2000 for the S&P 500 Index...Since markets are looking to get to
US authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter. While the sources said that number was
The massive payout, combined with the $6 billion the bank already agreed to pay the Federal Housing Finance Agency for its handling of toxic mortgages, would exceed the record $13 billion that JPMorgan Chase paid last year to resolve similar charges.
Now, Carl Icahn has joined the group with important implications for Fannie and Freddie investors. Activist shareholders The big money investors behind Fannie and Freddie are not known for staying quiet on their opinions or waiting for the market to
Stevens told an audience recently that 56% of American blacks who applied for a conventional mortgage in 2012 were denied, he set off a firestorm. Shortly thereafter, a spokesman from Fannie Mae , the quasi-public entity that commonly purchases these
Fannie Mae and Freddie Mac , two corporations that purchase mortgages from lenders. The preponderance of Watt's remarks concerned issues of interest mainly to mortgage lenders and servicers. But the lengthy address also offered a few clues to policy