Feb
14
February 10, 2012, 6:58 AM EST (Updates with JPMorgan comment in the 16th paragraph.) Feb. 8 (Bloomberg) — Bank of America Corp., struggling to handle mortgage refinancing after a U.S. program boosted demand, is telling some customers to wait 90 days before starting an application, said two people with knowledge of the policy. The firm …
Feb
13
When President Obama announced his sweeping plan to help more homeowners refinance their mortgages at lower interest rates, he left out one important detail — a fee Uncle Sam would charge them for the government’s support. The president proposed lowering monthly payments for possibly millions of homeowners by refinancing their loans through the Federal Housing …
Jan
30
WASHINGTON — The nation’s five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday. A draft settlement between the banks and U.S. states has been sent to state officials for review. Those who lost their homes to foreclosure are unlikely to …
Jan
28
Most mortgage-backed securities fell on Wednesday after President Barack Obama pushed ahead with plans for a far-reaching program to expand residential loan refinancing. The move comes just a month after the expansion of a flagship refinancing program, and affirmed the nervous speculation of more policy moves that has kept investors in the $5 trillion agency …
Jan
27
During his State of the Union address on Jan. 24, President Barack Obama called on Congress to approve new legislation that would give all homeowners who are current on their mortgages the opportunity to refinance at record low mortgage rates. According to a follow-up article by Nick Timiraos in The Wall Street Journal (WSJ), administration …
Jan
26
26.01.2012 In his annual State of the Union address late on Tuesday – which this year served as a grand kick-off of his 2012 reelection campaign, Obama played on rising anger over inequality in the wake of the 2008 economic collapse. Additional foreclosure prevention resources are also available on the Attorney General’s website. Line of …
Jan
26
Posted: 11:48 am Mon, January 23, 2012 By Associated Press WASHINGTON — The nation’s five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday. A draft settlement between the banks and U.S. states has been sent to state officials for review. …
Jan
25
WASHINGTON (Reuters) – President Barack Obama called on Tuesday for higher taxes on the rich and new remedies for the U.S. mortgage crisis in a starkly populist State of the Union address aimed at convincing voters to give him a second term. Speaking to Congress and beyond them to the broader electorate, Obama proposed sweeping …