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Mortgages

A collection of news and information related to Mortgages published by this site and its partners.

Top Mortgages Articles

Displaying items 56-66
  • Clermont mayoral candidate Rick VanWagner faces financial meltdown in foreclosures

    Clermont mayoral candidate Rick VanWagner faces financial meltdown in foreclosures
    First of two parts. Clermont is at a crossroads, the result of a big change in its demographics. Which way should it go? Some folks want the city to turn back to its roots — provide basic services at decent prices and skip the frills. That's the...
  • BofA agrees to pay $17-billion penalty over mortgage meltdown

    BofA agrees to pay $17-billion penalty over mortgage meltdown
    Bank of America Corp. has agreed to fork over nearly $17 billion to settle government claims over toxic mortgage securities that helped trigger the Great Recession, according to people close to the negotiations with the Justice Department. The agreement...
  • Ex-Fannie Mae worker gets prison in kickback case

    A former Fannie Mae specialist in foreclosures was sentenced to 15 months in prison for soliciting illegal kickbacks from a real estate broker, a practice he said was "a natural part of business" at the nation's largest mortgage finance company. Armando...
  • BofA reportedly in $17-billion settlement over toxic loan securities

    BofA reportedly in $17-billion settlement over toxic loan securities
    Bank of America Corp. has agreed to fork over nearly $17 billion to settle government claims over toxic mortgage securities that helped trigger the Great Recession, according to people close to the negotiations with the Justice Department. The agreement...
  • That's all? Citigroup eludes real punishment on securities

    The following editorial appeared in the Pittsburgh Post-Gazette on Monday, July 21: Last Monday, the Department of Justice announced a $7 billion settlement with Citigroup, the nation's third-largest bank, over a federal investigation into the bank's...
  • Problem Solver: Mortgage payment goes missing

    Problem Solver: Mortgage payment goes missing
    The first indication there was a problem was when Chris Taggart received an email alert from Bank of America saying his checking account was overdrawn. A day earlier, June 24, the Chicago resident visited a Bank of America branch in Matteson to pay...
  • Small-business owner has difficulty finding mortgage loan

    By Ilyce Glink and Samuel J. Tamkin Q: I have a good credit score over 715. I also have a small business that's located in Mississippi. I have a house in Michigan that I was to sell and I'm planning to buy another house with a down payment of $60,000....
  • Beware the perils of buying a house for family members

    By Ilyce Glink and Samuel J. Tamkin Q: I bought a house in California for my parents and siblings in 2008, with the notion that one of them would take over the house payments and refinance the mortgage within a year or two. At the one year mark I left...
  • Lender CIT to buy OneWest Bank, formerly IndyMac, for $3.4 billion

    Lender CIT to buy OneWest Bank, formerly IndyMac, for $3.4 billion
    OneWest Bank in Pasadena, born from the ashes of failed high-risk home lender IndyMac Bank, has agreed to be acquired by commercial lender CIT Group for $3.4 billion, a hugely profitable deal for the hedge-fund and private-equity investors that have owned...
  • Economy, hiring up in July, but flat wage growth dampens cheer

    WASHINGTON July marked a sixth straight month with 200,000-plus jobs growth, the government said Friday, cementing the view of a firming U.S. economic recovery. Deeper within the numbers, however, was an explanation for why many Americans still don't feel...
  • As scrutiny mounts, mortgage servicers push into lending

    Mortgage servicers in the United States are evolving into the next big lenders, sidestepping regulatory scrutiny to win business in a gap left by the retreat of big banks from the home-loan market. By writing new mortgages, non-bank servicers such as...