Maya Angelou was able to rise, but as for most African Americans, race equality is still only a dream

Author:  //  Category: Mortgage

… in jobs and housing. The subprime mortgage crisis bore particularly hard on … people” and describing their rigged subprime products as “ghetto loans”.
Complicating …

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Maya Angelou was able to rise, but as for most African Americans, race equality is still only a dream

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Another New Low for COFI

Author:  //  Category: Mortgage

Just when it seemed that the Cost of Funds Index couldn’t move any lower, another record was established. But COFI isn’t the only index hovering near zero altitude.

COFI, which is used to determine changes to interest rates and payments on some adjustable-rate mortgages, landed at 2 basos points less in April than in March.

That brought the index to the lowest it has ever been since at least July 1981 based on the oldest available historical data.


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Another New Low for COFI

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U.S. House Price Gains Seen Moderating Over Next Few Years

Author:  //  Category: Mortgage

… of the Great Recession when subprime lending was rampant and home … year, held back by rising mortgage rates and unusually cold weather … ;
But much will depend on mortgage rates.
Last week, the average … in November 2012. Average 30-year mortgage rates are expected to rise …

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U.S. House Price Gains Seen Moderating Over Next Few Years

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Europe’s SME crisis: Why Draghi’s plans may not work

Author:  //  Category: Mortgage

… which are credited with the sub-prime mortgage crisis).
There is also the …

Europe’s SME crisis: Why Draghi’s plans may not work

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Don’t Litigate It, Don’t Ever Talk About It: Right-Wing Media’s Solution to Racial Discrimination

Author:  //  Category: Mortgage

… Administration often refused to insure mortgages in neighborhoods that they deemed … . According to The New Republic, subprime lenders have continued to target … times more likely to hold subprime loans than whites. Even homeowners … twice as likely to have subprime loans as homeowners in low-income …

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Don’t Litigate It, Don’t Ever Talk About It: Right-Wing Media’s Solution to Racial Discrimination

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LA sues JPM over alleged discrimination

Author:  //  Category: Mortgage

… minority neighborhoods are flooded with subprime loans they cannot afford despite … Buy backs $1.7B of mortgage loans
Counties encompassing Chicago and … fail to boost mortgage activity
One, a former mortgage loan officer, accused …

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LA sues JPM over alleged discrimination

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UPDATE 3-Los Angeles sues JPMorgan, alleges discriminatory lending

Author:  //  Category: Mortgage

… . bank of engaging
in discriminatory mortgage lending practices that drove up … ;continuous pattern and practice of
mortgage discrimination” in the city … minority neighborhoods are flooded with subprime
loans they cannot afford despite …

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UPDATE 3-Los Angeles sues JPMorgan, alleges discriminatory lending

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Alleged Mortgage Compliance Breaches Lead to Litigation

Author:  //  Category: Mortgage

As home lenders defend themselves against alleged violations of Federal Housing Administration policy and credit reporting errors, one non-compliance case is being considered by the highest court in the land.

The nation’s top court has decided to hear a case involving a borrower’s right to rescind a mortgage. The U. S. Supreme Court granted cert in Jesinoski v Countrywide Home Loans on April 28.

Under the Truth in Lending Act, a borrower has the right to cancel the loan three days after signing the mortgage contract. In addition, borrowers also have a right of rescission — generally three years — if legally required disclosures have not been delivered.


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Here’s How Other Executives Have Fared as Team Owners

Author:  //  Category: Mortgage

… came under fire during the subprime mortgage mess, but he’s had …

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Here’s How Other Executives Have Fared as Team Owners

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Los Angeles sues JPMorgan, alleges discriminatory lending

Author:  //  Category: Mortgage

… . bank of engaging in discriminatory mortgage lending practices that drove up … ;continuous pattern and practice of mortgage discrimination” in the city … minority neighborhoods are flooded with subprime loans they cannot afford despite …

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Los Angeles sues JPMorgan, alleges discriminatory lending

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