mortgage loans

Commercial/Multifamily News: Mortgage Originations up 36 Percent
RisMedia.com (press release)
First quarter 2012 commercial and multifamily mortgage loan originations were 36 percent higher than during the same period last year and 12 percent lower than the fourth quarter of 2011, according to the Mortgage Bankers Association's (MBA) Quarterly ...

Five proposals to solve $1 trillion college loan crisis
USA TODAY
The situation is exacerbated by financial aid award letters that fail to make a clear distinction between loans and grants, Kantrowitz says. Unlike mortgages, credit cards, car loans and 401(k) plans, there are no mandatory disclosure rules for ...

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Senators press for improved veterans housing policies
The Hill (blog)
They are calling for new rights and protections for military personnel beyond the Servicemembers Civil Relief Act (SCRA), which caps the interest rate on mortgage loans to active-duty members at 6 percent and prohibits lenders from foreclosing on those ...

Bank of America CEO "comfortable" with bank's investments
CNBC.com
In its mortgage business, Moynihan said the bank's cost to collect payments on loans and to work with struggling borrowers -- about $3 billion per quarter -- is peaking as delinquent loans continue to subside. These costs, however, won't come down ...

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Dutch, French RMBS stable; Spain worsens -Moody's
Property Investor Europe (subscription)
First quarter performance of Dutch and French residential mortgage-backed securities was stable in first quarter, according to rating agency Moody's. However, Spanish RMBS deteriorated considerably and mortgage defaults in the loan pools are rising.

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Mortgage and Securitization Fraud: Where Is the Task Force?
truthout
During the bubble years, I had several people send me emails saying that friends or relatives were being told by their supervisors at major lenders to fill in false numbers to allow people to get mortgages for which they were not qualified.

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LPS "First Look" Mortgage Report: April Month-End Data Shows Delinquencies ...
MarketWatch (press release)
JACKSONVILLE, Fla., May 21, 2012 /PRNewswire via COMTEX/ -- Lender Processing Services, Inc. (NYSE:LPS) , a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following "first look" at ...

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County sues mortgage lenders, alleging deception
Muscatine Journal
AP | Posted: Monday, May 21, 2012 1:42 pm | (0) Comments A southwestern Illinois prosecutor is suing 22 local and national banks and mortgage companies for allegedly side-stepping mortgage fees related to the sales of home loans.

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FDIC Sues Banks over Securitization Appraisals
US Banker
The Federal Deposit Insurance Corp. has sued Bank of America, Citigroup, JPMorgan Chase and other banks for a cumulative $92 million in damages on mortgage-backed securities, alleging that shoddy appraisals and other underwriting defects tainted their ...

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FIRST TRUST/FIDAC MORTGAGE INCOME FUND : First Trust Mortgage Income Fund ...
4-traders
The Fund pursues these investment objectives by investing primarily in mortgage-backed securities representing part ownership in a pool of either residential or commercial mortgage loans that, in the opinion of the Fund's investment sub-advisor, ...

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December 4, 2008 · Filed under Uncategorized

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