FANNIE, FREDDIE NEED TO TIGHTEN LEGAL EXPENSES: regulatorArticle from 4-traders: A government watchdog on Wednesday said Fannie Mae (>> Federal National Mortgage Association) and Freddie Mac’s (>> Federal Home Loan Mortgage Corp) regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms [...]
Bank of Ireland CEO Says Home Loan Arrears to Peak in 2012Article from BusinessWeek:February 20, 2012, 5:55 AM EST Bank of Ireland CEO Says Home Loan Arrears to Peak in 2012 Bankrupt Banker’s Mansion May Offer Anglo Irish Fiasco Payback ECB Greek Plan May Hurt Bondholders While Triggering Debt Swaps Irish Bank Asset Sales May [...]
German president resigns over home loan scandalArticle from FRANCE 24: AFP – Germany’s president resigned Friday after a string of scandals, handing Chancellor Angela Merkel a political headache at home as she battles to lead Europe from its debt crisis. “I am … today stepping down from the office of federal president to free up [...]
German President Wulff quits in home loan scandalArticle from BBC News:17 February 2012 Last updated at 05:23 ET Please turn on JavaScript. Media requires JavaScript to play. LIVE: German Chancellor Angela Merkel statement after president resigns German President Christian Wulff has announced his resignation, after prosecutors called for his immunity to be lifted. An ally [...]
Citigroup Mortgage Division Agrees to Pay $ 158.3 Million in HUD SettlementArticle from Bloomberg: Citigroup Inc. (C) agreed to pay $ 158 million to settle a whistle-blower’s claims that a unit of the third-biggest U.S. lender deliberately reduced oversight of its loan origination process, causing a surge in borrower defaults. Manhattan U.S. Attorney Preet Bharara [...]
Swan calls for home loan competitionArticle from Sky News Australia: Redirect Notice The previous page is sending you to http://www.skynews.com.au/businessnews/article.aspx?id=717913 . If you do not want to visit that page, you can return to the previous page. …………………continues on Sky News Australia >>> Read the full article from the source . Swan calls for home [...]
Home loan ticket-sizes witness rise across citiesArticle from Economic Times: Indian home loan borrowers seem to be shedding their aversion to taking on huge debts, particularly when it comes to home loans. A study by Credit Information Bureau (Limited) India, or CIBIL, has revealed that the contribution of high-value home loans to the housing finance [...]
The great bank home loan heistArticle from Herald Sun: Westpac announced their interest rate raise shortly after ANZ. Source: Bloomberg ANZ and Westpac have slapped struggling families across the face, in what they regard as a wake-up call on housing loans. Their aggressive interest rate rises yesterday came within hours of each other. First ANZ, [...]
Tree.com Amends Definitive Agreement to Sell Certain Assets of Home Loan …Article from Sacramento Bee: CHARLOTTE, N.C., Feb. 8, 2012 – CHARLOTTE, N.C., Feb. 8, 2012 /PRNewswire/ — Tree.com, Inc. (NASDAQ: TREE) today announced that it has signed an amendment to the asset purchase agreement related to the sale of substantially all of the operating [...]
Banks’ home loan fearsArticle from Sydney Morning Herald: Framework shaky: Banks are making losses from new home mortgages, according to a report. Photo: Erin Jonasson BANKS could pull back from lending to new home owners after making losses on mortgages written over the past four months, according to the latest banking industry research. As the [...]