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A draft settlement between states and mortgage companies that would let the nation's biggest banks pay out billions to compensate for a raft of foreclosures has public interest groups across the political spectrum hopping mad over a deal they say was forged behind closed doors and is being strong-armed by the Obama administration. >

A draft settlement between states and mortgage companies that would let the nation's biggest banks pay out billions to compensate for a raft of foreclosures has public interest groups across the political spectrum hopping mad over a deal they say was forged behind closed doors and is being strong-armed by the Obama administration.>

RANCHO CUCAMONGA - A Highland woman suspected of defrauding mortgage companies in a Rancho Cucamonga-based Cash for Keys scam pleaded not guilty to burglary, forgery and grand theft charges Thursday.>

NEW YORK, NY-- - Expectations for Mortgage Insurers remain poor in 2012 as significant weakness remains in the jobs and housing markets. In late January, S&P lowered its outlook on three mortgage insurers ...>

(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 mortgage crisis by "undermining the integrity and accuracy of the mortgage servicing and foreclosure process," Attorney General Lisa Madigan ...>

CEO, Garret Puckett, Proudly Announces the Recently Launched VA Loan Websites with Security America Mortgage, Inc., for Veterans Relocating to North Carolina Garret Puckett, the CEO of Security America Mortgage, Inc. Proudly Announced the New Release of VA Loan State Specific Websites for Veterans Purchasing a Home in North Carolina, Texas, Florida, Louisiana, Colorado, California, Arkansas, and ...>

State Attorney General Eric Schneiderman visited Washington, D.C. to launch the mortgage crisis unit announced by President Obama during his State of the Union address. Schneiderman will be working with others to investigate whether any banks or mortgage lenders broke the law leading up the recession. Our Erin Billups has more.>

The U.S. Senate passed a prohibition on executive bonuses at Fannie Mae and Freddie Mac, the government-controlled mortgage companies that are dependent on taxpayer aid.>

The U.S. Senate adopted by voice vote a measure to prohibit executive bonuses at Fannie Mae (FNMA) and Freddie Mac , the government-controlled mortgage companies that are dependent on taxpayer aid.>

Inspired by a personal experience, a businessman became an unlikely sleuth into the practices of the mortgage industry, including Fannie Mae — and his findings have been prescient.>

FHA Cracks Down on Mortgage Lenders - Housing Predictor


FHA Cracks Down on Mortgage Lenders
Housing Predictor
By Kevin Chiu The Federal Housing Administration (FHA) will toughen its standards to approve mortgage lenders doing business with the government, and force more banks and mortgage companies to buy back defaulted mortgages in a major move to crack down ...
Reverse Mortgages: Big Potential, Small ResultsU.S. News & World Report (blog)
New Insurance Rule Could Hike Costs For FHA LendersReverse Mortgage Daily
California Says "No Thanks"; FHA Compare Ratio, and...Mortgage News Daily

all 13 news articles »

Genworth Q4 swings to profit on fewer mortgage defaults - Proactive Investors USA & Canada


Proactive Investors Australia

Genworth Q4 swings to profit on fewer mortgage defaults
Proactive Investors USA & Canada
For the three months ended December 31, the company posted net income of $107 million, or $0.22 per share, up from a net loss of $161 million, or $0.33 loss per share, a year ago. Revenues increased less than half a percent to $2.6 billion.
Weak Housing Market Continues to Weigh on MGIC Investment Corp and Genworth ...MarketWatch (press release)
Genworth Financial's CEO Discusses Q4 2011 Results - Earnings Call TranscriptSeeking Alpha
Genworth MI Canada Not Pushing Up Against Legislated CapWall Street Journal

all 110 news articles »

Tight-fisted mortgage lenders pressure home sales - msnbc.com


Tight-fisted mortgage lenders pressure home sales
msnbc.com
Mortgage brokers were pushing the toxic assets (which were created by too much government involvement) as non-toxic because their was insurance to back it up and it was implied that they were guaranteed by the government. There were a few that knew ...

and more »

New York sues 3 big banks over use of mortgage registry database - Los Angeles Times


Los Angeles Times

New York sues 3 big banks over use of mortgage registry database
Los Angeles Times
The financial institutions first used MERS so they could quickly sell and resell mortgages, much like shares of companies, during the boom years without having to record each transaction at county offices. But with the huge number of foreclosures since ...
New York sues banks over home seizuresFinancial Times
Business briefs: New York AG sues banks over mortgage registryFort Worth Star Telegram
AG brings suit against banks mortgage practicesAlbany Times Union (blog)
Wall Street Journal -msnbc.com (blog) (subscription)
all 358 news articles »

Beachwood man pleads guilty to mortgage fraud - Plain Dealer


Plain Dealer

Beachwood man pleads guilty to mortgage fraud
Plain Dealer
By Faith Boone, Sun News Two defendants, along with three companies, pled guilty to mortgage fraud crimes covering over 500 real estate transactions totaling $50 million, $44 million in fraudulent loans and $31 million in profits.

US mortgage lenders 'close to $19bn foreclosure settlement' - The Guardian


Fox News

US mortgage lenders 'close to $19bn foreclosure settlement'
The Guardian
The US's five largest mortgage lenders are close to signing off on a massive settlement over deceptive foreclosure practices that drove people out of their homes, according to government officials. The price of the settlement has been estimated at ...
Mortgage lenders offers states new terms for draft settlement over mass ...Fox News
5 largest US mortgage lenders accept reformsDetroit Free Press
5 Largest Mortgage Lenders Reach Settlement With StatesThe Inquisitr

all 436 news articles »

Justice unit to probe mortgage companies - YNN Hudson Valley


Kansas City Star

Justice unit to probe mortgage companies
YNN Hudson Valley
Schneiderman will be working with others to investigate whether any banks or mortgage lenders broke the law leading up the recession. Our Erin Billups has more. Then come back here and refresh the page. WASHINGTON, DC -- With a team of 80 attorneys, ...
Mortgage fraud task force launchedMarketWatch
New York AG: Settling Foreclosure Case Won't Hurt Mortgage ProbeWall Street Journal

all 377 news articles »

US Senate Adopts Measure to Ban Bonuses at Fannie, Freddie - BusinessWeek


Fox News

US Senate Adopts Measure to Ban Bonuses at Fannie, Freddie
BusinessWeek
2 (Bloomberg) -- The US Senate passed a prohibition on executive bonuses at Fannie Mae and Freddie Mac, the government-controlled mortgage companies that are dependent on taxpayer aid. The Senate voted 96-3 to approve a bill including the ban proposed ...
Attorney General Martha Coakley tells Fannie Mae and Freddie Mac to reduce ...Boston.com
Senator Demands Answers from Freddie Mac's RegulatorNPR (blog)
Coakley urges Fannie, Freddie to do more on foreclosuresBoston Globe
Legal News Line -Gant Daily
all 413 news articles »

Security America Mortgage, Inc. Extends the Mortgage Lending Industry ... - Houston Chronicle


MonitorBankRates.com

Security America Mortgage, Inc. Extends the Mortgage Lending Industry ...
Houston Chronicle
Security America Mortgage, Inc. put a high value on the happiness of all American Veteran and Military War Heroes. Recently, the company launched an additional “VA Loans” website for Florida Veterans (only) buying a home. These changes were done to ...
CEO, Garret Puckett, Proudly Announces the Recently Launched VA Loan Websites ...San Francisco Chronicle (press release)

all 13 news articles »

Gingrich Ties to Fannie, Freddie Said to Extend to Speaker Days - BusinessWeek


New York Times

Gingrich Ties to Fannie, Freddie Said to Extend to Speaker Days
BusinessWeek
Gingrich also helped thwart measures that would have boosted fees paid by the two mortgage companies, the newspaper reported. Gingrich's consulting work for Freddie Mac after he left Congress has emerged as a theme in the Republican presidential ...
A Mortgage Tornado Warning, UnheededNew York Times
Government officials testing plan for foreclosed homesLancaster Eagle Gazette

all 26 news articles »