San Mateo Daily Journal – Lawmakers: Housing crisis needs action

Author:  //  Category: Mortgage

… his administration would create a mortgage crisis unit to move aggressively … investigate the causes of the subprime mortgage market catastrophe. Yesterday, the co-chair … to provide 12 months of mortgage forbearance to unemployed borrowers through …

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San Mateo Daily Journal – Lawmakers: Housing crisis needs action

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Default Service Providers Step Up Offerings

Author:  //  Category: Mortgage

While many providers of services for distressed mortgages focus on unloading and managing real-estate-owned properties, an emerging group is helping servicers comply with quickly escalating regulations. Technology is becoming a growing tool in the sector.

Gateway Mortgage Group said it developed an in-house sub-servicing unit to provide specialty and default servicing for mortgages insured by the Federal Housing Administration or guaranteed by the Department of Veterans Affairs. Kevin Osuna was recruited to direct the new operation.

A collection documentation task force has been assembled by Ballard Spahr LLP, according to a statement. The unit, chaired by Ballard Spahr Partner

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Study: Segregation levels drop across U.S.; disparities persist

Author:  //  Category: Mortgage

… think tank Expanded access to mortgage credit has also helped integration … integration, among them, access to mortgage credit, the report says. But … “caught up in the subprime housing bubble.” “There …

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Study: Segregation levels drop across U.S.; disparities persist

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S.C. loss set up Florida rebound

Author:  //  Category: Mortgage

… from Freddie Mac, the government-backed mortgage giant that many conservatives say … at the core of the subprime mortgage mess. The latest realclearpolitcs.com …

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S.C. loss set up Florida rebound

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Volatility Can Be Your Friend… (If You Let It)

Author:  //  Category: Mortgage

… by the liquidity crunch, the sub-prime mortgage crisis, and a bevy of …

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A Debt Market’s Slow Recovery Is Burdened by New Regulation

Author:  //  Category: Mortgage

… of other asset-backed securities like mortgage-backed securities, and be required to … , and it certainly is for subprime assets. By forcing the originator … rules were primarily directed at subprime mortgage securitizations and barely mention C …

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A Debt Market’s Slow Recovery Is Burdened by New Regulation

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Housing market more balloon than bubble: economist

Author:  //  Category: Mortgage

… continued to dip into the mortgage market to take advantage of … the U.S. before the subprime crash. Earlier in the month … would be unable to meet mortgage payments. Canadian households are not …

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Housing market more balloon than bubble: economist

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Bad Sign for Home Prices?

Author:  //  Category: Mortgage

U.S. home prices edged downward in November, dropping 1.7 percent from October’s level, according to the latest Standard & Poor’s/Case-Shiller Home Price Indices, released today.

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Bad Sign for Home Prices?

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Insight: Borrowing spree…

Author:  //  Category: Mortgage

… of household debt is residential mortgages – loans that are backed … percent is credit card debt. Mortgages are more conservative as well … nothing of a subprime market. The news on mortgages would be downright … unmanageable mortgage debt. “I've seen people whose mortgage and …

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Insight: Borrowing spree…

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Mass. AG files Supreme Court brief on discriminatory lending

Author:  //  Category: Mortgage

… impact claims against banks and mortgage companies such as Option One … on a mortgage deal Follow this company that made subprime home-mortgage loans. The cases involving the subprime lenders challenged …

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Mass. AG files Supreme Court brief on discriminatory lending

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