BiggerPockets Bulletin » Mortgage & Lending

Banks, government nearing $26B settlement

More than two million Americans could benefit from at least $26 billion in relief...

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As Mortgage Refinancings Surge, Banks Struggle

As Mortgage Refinancings Surge, Banks Struggle

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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.

Tagged as: Subprime Mortgage Crisis, Banking and Financial Institutions, United States Economy, Frauds and Swindling, Lavalle Nye, Federal National Mortgage Association Fannie Mae, Baker & Hostetler

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.

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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.

Tagged as: freddie, fannie

Mortgage rates fall to new lows (again)

Mortgage rates once again hit new lows in response to the slowly growing economy

Tagged as: real estate news

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.

Tagged as: business, companies, economy, headlines, industry, politics, world

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.

Tagged as: president, foreclosures, mortgage, mortgages, plan, refinancing, obama, loans, Federal Housing Administration, homeowners, refinance

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

Tagged as: Aruna Viswanatha, John Kroger, Joseph Smith, Max Gardner, Rick Rothacker, Robert Galbraith, Shaun Donovan

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...

Tagged as: No More Fear and Loathing of CRE Lending for Banks

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...

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White House details mortgage refinancing plan for homeowners

White House details mortgage refinancing plan for homeowners

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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.

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1,000 Banks to Fail In Next Two Years

1,000 Banks to Fail In Next Two Years

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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...

Tagged as: states with most mortgage debt, states with least mortgage debt, report Credit Karma, mortgage debt states, mortgage debt, lowest mortgage debt, highest mortgage debt, Credit Karma mortgage debt

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.

Tagged as: fixed, rates, mortgage

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.

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Treasury to Pay Triple for HAMP Reductions

Why not? It's working so well already.

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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.

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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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