Archive for the ‘Mortgage News’ Category

Deal Is Closer for a U.S. Plan on Mortgage Relief – New York Times

The biggest remaining holdout, California, has returned to the negotiating table after a four-month absence, a change of heart that could increase the pot for mortgage relief nationwide to $25 billion from $19 billion. Another important …
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Is mortgage industry running out of money? – The Vancouver Sun

The Canadian mortgage industry has long been lauded for its stable lending criteria and ability to hold the fort during the worldwide recession. Through the wonderful blue sky of 2.99-per-cent 5-year fixed money, however, is a storm of international and …
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New York Sues 3 Big Banks Over Mortgage Database – New York Times

Attorney General Eric T. Schneiderman of New York sued three major banks on Friday, accusing them of fraud in their use of an electronic mortgage database that he said resulted in deceptive and illegal practices, including false documents in …
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Illinois accuses mortgage firm of robosigning – YAHOO!

(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. Nationwide Title Clearing Inc was a “key contributor” to the …
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Mortgage rates fall to new lows (again) – CBS News

It happened again: mortgage rates hit new lows this week, according to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) released Thursday. Frank Nothaft, vice president and chief economist at Freddie Mac, attributes the decline in …
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Mortgage activity slows slightly – United Press International

WASHINGTON, Feb. 1 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity fell 2.9 percent in the week ending Friday, although long-term interest rates also fell slightly. Interest rates for 30-year, fixed-rate conforming …
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Obama Outlines Mortgage Refinancing Plan – Huffington Post

FALLS CHURCH, Va. — President Barack Obama called on Congress Wednesday to make it easier for millions of additional homeowners to refinance their mortgages at lower interest rates even if they owe more than their homes are worth. He conceded …
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