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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 78-88
  • Easier to buy REO than a short sale

    Q: I made an offer on a home. The house was listed at $65,000, and in the comments it stated possible short sale upon bank approval. I offered $50,000 cash, no contingencies. The seller accepted the offer and closing was scheduled within three weeks...
  • Last year's mortgage refinancers could save a total of $5 billion

    Last year's mortgage refinancers could save a total of $5 billion
    Homeowners who refinanced their mortgages last year should have some extra coin in their pockets this year: $5 billion worth of saved interest in the first 12 months. Only about 52 percent of mortgages made in 2014 were refinancings, but sharp...
  • Illinois to get $52.5 million from $1.4 billion S&P settlement

    Illinois to get $52.5 million from $1.4 billion S&P settlement
    Standard & Poor's Rating Services' tab is $1.38 billion — including $52.5 million for Illinois — to resolve long-standing allegations by federal and state authorities that the firm misled investors in the run-up to 2008's financial collapse....
  • Bank of America to lay off more than 200 in Norfolk

    Bank of America to lay off more than 200 in Norfolk
    Bank of America plans to lay off 202 employees in a loan servicing unit in Norfolk by March 29 because of the continuing decline in the number of delinquent mortgages, the company confirmed Tuesday. Notice of the Bank of America layoff appeared on the...
  • Speak Out: Reader wants same break from government that casino got

    The Courier-News invites readers to sound off on topics of local interest. Call 312-222-2460 to share your views. Reduced revenue spurs reduced rent: I heard that Elgin reduced the rent for the Grand Victoria Casino by more than 50 percent since 2011...
  • S&P Agrees To $1.4B Settlement Of Deception Charges That Started In Connecticut

    S&P Agrees To $1.4B Settlement Of Deception Charges That Started In Connecticut
    Standard & Poor's has agreed to pay $1.375 billion to the U.S. government and 19 states to settle charges it misled investors when it issued positive ratings on shaky mortgage-backed securities in the lead-up to the 2008 financial collapse — a...
  • S&P is expected to settle litigation over its role in financial crisis

    S&P is expected to settle litigation over its role in financial crisis
    In May 2004, as the U.S. housing market was heating up, Standard & Poor's Financial Services lost to a rival a huge deal to rate mortgage-backed securities to be issued by a major Japanese bank. The reason? S&P's credit standards were too high, an...
  • Some banks ease mortgage standards

    Getting a home loan or auto loan might be getting a little easier. Several big banks have eased lending standards for home mortgages in recent months, according to the Federal Reserve's most recent quarterly survey of senior loan officers. Nearly 85...
  • Heart of the Home: Get ready to pay those first property tax bills

    The first installment property tax bills for 2014 were mailed on Jan. 26 — but wait, don't start grabbing your heart just yet, because any increases won't show up until second installment bills are mailed out later this year. Taxpayers should...
  • Miramar man sentenced for role in $8.2M mortgage fraud

    Miramar man sentenced for role in $8.2M mortgage fraud
    A Miramar man who admitted his role in an $8.2 million mortgage fraud scheme was sentenced Monday to eight years and four months in federal prison. Karl Oreste, 56, pleaded guilty to one count of wire fraud conspiracy last year. The former mortgage...
  • Whodunnit? Regulators find crime, but never any criminals

    For years, society has struggled with the question of how to justly punish what are called "victimless crimes," even though these activities shock and disgust most decent people. You know: prostitution, illegal gambling, recreational drug use, and the...