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Owners of rental properties and homeowners burdened by secondary expenses are now eligible for mortgage relief under a new expansion of the Home Affordable Modification Program (HAMP).
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HAMP Expanded to Rentals, 2nd Liens
Investments made by Freddie Mac would appear to give the mega-lender an incentive not to refinance high-interest mortgages for borrowers, according to a new report.
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Did Freddie Bet Against Refinancing?
More than $100 million in payments due to JPMorgan Chase &
… s boom. As Anglo shares began to drop in early 2008, on the back of concerns about its exposure to sub-prime mortgage debt, Quinn borrowed from Anglo to buy shares in the bank. Utilising a hidden stock trading technique known …
A new government report found that the failure of five corporate credit unions was due to poor investment and business strategies.
The five wholesale institutions accounted for 75 percent of assets at all corporate credit unions.
“Specifically, the failed corporates over concentrated their investments in private-label, mortgage-backed securities and invested substantially more in private-label MBS than corporates that did not fail,” the report stated.
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Non-Agency MBS Killed Corporate Credit Unions
Home prices will likely continue to fall through next year, before finally beginning a weak recovery in 2013 or late 2012, according to the views of over 100 economic and real estate experts.
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Weak Housing Recovery Seen in 2013
A handful of lucky homeowners have been able to reduce their mortgage debt by nearly one-third under a little-noticed provision of the government’s Home Affordable Modification Program (HAMP).
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Lucky Few Get Big HAMP Writedowns
Mortgage refinancing under the government’s Home Affordable Refinance Program (HARP) rose sharply in September, increasing 20 percent to 35,000 loans, the highest level in six months.
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HARP Mortgage Refinances Pick Up
Two new initiatives to help guard consumers against mortgage-related abuses were launched this week by the recently established Consumer Financial Protection Bureau (CFPB).
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Consumer Bureau Turns to Mortgages
More than 100 loan modification scams that targeted financially distressed homeowners through online advertisements have been shut down over the past week at the request of federal investigators.
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Fraudulent Loan Mod Ads Shut Down