News & Headlines
A directory of real estate links, outlining the most popular news and other articles as voted on by the BiggerPockets community.
Mortgage & Lending Links
Banks, government nearing $26B settlement
More than two million Americans could benefit from at least $26 billion in relief...
Mortgage Tornado Warning, Unheeded
Inspired by a personal experience, a businessman began delving into the practices of the mortgage industry, including Fannie Mae. His findings have been prescient.
BofA, JPMorgan Chase Sued by New York Over Mortgage Registry
Bank of America Corp., Wells Fargo & Co. and JPMorgan Chase & Co. were sued by New York Attorney General Eric Schneiderman over the use of a mortgage database that the state said led to improper foreclosures.
Senator Demands Answers from Freddie Mac's Regulator
Sen. Robert Casey, D-Pa., today sent a series of questions to Freddie's regulator, highlighting how much remains unknown about the mortgage giant's controversial bets against American homeowners.
Mortgage rates fall to new lows (again)
Mortgage rates once again hit new lows in response to the slowly growing economy
BofA Tumbles to 5.6% Share of Mortgages
Bank of America Corp. lost about three-quarters of its market share in U.S. home mortgages since 2007 as the firm grappled with defective loans, while Wells Fargo & Co.’s presence almost doubled, FBR Capital Markets said.
Obama proposes home loan refinancing plan
The Obama administration proposed a plan aimed at helping millions of homeowners refinance their mortgages to today's historically-low rates. To make it work, he'll need $5 billion to $10 billion -- and approval from Congress.
Mortgage deal would give states enforcement clout
A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters
No More Fear and Loathing of CRE Lending for Banks
As economic headwinds subside, the commercial real estate lending business for U.S. banks has hit an inflection point. For the first time in five years, a majority of banks are finally talking about their ability to grow their...
Obama Announces Refinancing Plan
President Obama, in announcing a program to help struggling homeowners refinance their mortgages, is betting this plan will fare better than his administration's earlier efforts to fix the housing market. He also may be betting that it's good poli...
White House details mortgage refinancing plan for homeowners
White House details mortgage refinancing plan for homeowners
Freddie Mac Bets Against Trapped Homeowners
Outrage ensued when people learned that big banks sold bundles of shaky mortgages to unwitting investors, then turned around and placed bets that those securities would tank.
10 States With the Most Mortgage Debt
How much residents of each state owe on their mortgages is an interesting statistic. For the most part, residents of the states with the highest average mortgage debt are not in trouble. While the ave...
Deal with banks mean dollars in help for homeowners
A deal between five major banks and a group of attorneys general could bring $150 million or more to state homeowners who have been victims of foreclosures or the burst of the housing bubble.
Tight-fisted mortgage lenders pressure home sales
Home prices have fallen by a third since 2006, creating tremendous bargains for home buyers. Mortgage rates are at rock-bottom lows, making houses more affordable than they have been in decades.
Principal Reductions Fail to Reduce Future Default Rates
Principal forgiveness is the worst policy option. Despite this fact, it’s so appealing to loan owners and politicians.
How the Taxpayer Ripoff Works
Obama Proposes Mortgage Bailouts, Handouts, Copouts Exactly One Paragraph After Stating "Top to Bottom: No Bailouts, No Handouts, and No Copouts"
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