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Surge in foreclosure auctions shows Chicago-area market's pain
More than 35,000 homes and small multifamily buildings in the Chicago area completed the foreclosure process last year, the highest number since the housing crisis began, and the vast majority of them became bank-owned. An increase in foreclosure...Tags: Freddie Mac, Illinois Governor, Real Estate, Auction Service, Foreclosures
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Mortgage-bond sales at highest level since June 2009
Stoked by government efforts to revive housing, sales of mortgage-backed securities rose in November to the highest level in nearly 3 1/2 years. Nearly $176 billion in bonds backed by fixed-rate home loans were issued in November, up from $132...
Tags: Loans, Federal National Mortgage, National Government, Economy, Business and Finance, Freddie Mac
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Bank of America, Citigroup earnings disappoint investors
NEW YORK — Bank of America Corp.'s and Citigroup Inc.'s lackluster earnings led Wall Street to question how long it will take two of the country's biggest banks to emerge from the shadow of the financial crisis. While BofA's fourth-quarter...
Tags: Goldman Sachs Group, Inc., Companies and Corporations, Corporate Officers, Banking, Earnings Forecasts
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Letters: What's wrong with the FHA
Re “The FHA: A home wrecker,” Opinion, Dec. 27 Edward J. Pinto, the former Fannie Mae official, fails to understand the legitimate purpose of the FHA. Low- and moderate-income families are financially stretched. They have higher default...Tags: Federal Housing Administration
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In picking Lew, Obama turns a page at Treasury
WASHINGTON (AP) — Jack Lew, President Barack Obama's nominee for treasury secretary, is a premier federal budget expert who would take the helm of the government's main agency for economic and fiscal policy just as the administration girds itself...Tags: White House, Barack Obama, Washington, DC, Budgets and Budgeting, Parties and Movements
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Bank of America to pay Fannie Mae $10 billion in loan settlement
WASHINGTON -- Bank of America Corp. said Monday it had agreed to pay more than $10 billion to Fannie Mae to settle claims related to troubled mortgages sold largely by Countrywide Financial Corp. during the subprime housing boom. BofA, which acquired...
Tags: Freddie Mac, Countrywide Financial Corp., Financial and Business Services, Finance, Banking
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Federal regulators prepare new mortgage rules while cleaning up faulty foreclosure issues
Six years after the housing bubble burst, federal regulators are trying to restore confidence in the nation's mortgage industry while continuing to remedy past ills. On Monday, the Office of the Comptroller of the Currency announced an $8.5 billion...
Tags: Chicago Mortgages, Barack Obama, MetLife Incorporated, Interior Policy, U.S. Department of Justice
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DEEDS: Easton Area
Easton Area deeds last updated on January 6, 2012. ---- EASTON/WILSON AREA SCHOOL DISTRICTSEASTON 0229 Ventures LLC from Capobianco Trust and Capobianco, Anthony, 20 S. Eighth St., $12,000, (11/29). Asteak, Hildy and Asteak, Alan Edward from...Tags: Loans, Sports, Finance, Mortgages, NVR Incorporated
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DEEDS: East Penn Area
East Penn Area deeds last updated on January 6, 2012. ---- EAST PENN SCHOOL DISTRICT ALBURTIS Brown, Susan J. and Brown, Warren L. from Fogel, Grace A., 226 W. Front St., $160,000, (11/13). EMMAUS Holland, Robert A. from Klicker, Owen J. and...Tags: Federal National Mortgage, Walnuts, Real Estate, Vera Cruz (Lehigh, Pennsylvania), Wilmington Trust Company
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New mortgage lending rules to limit loan options
The Consumer Financial Protection Bureau is planning a Thursday morning announcement of new lending rules that it hopes will move the mortgage market toward a sustainable middle ground, somewhere in between the free-wheeling days of no-documentation loans...
Tags: Justice System, Ben Bernanke, Consumers, Economy, Business and Finance, U.S. Consumer Financial Protection Bureau
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Consumer agency director coming to Baltimore to announce new mortgage rule
Richard Cordray, the director of the Consumer Financial Protection Bureau, is expected to announce the issuance of a pioneering federal rule Thursday that is intended to help prevent a repeat of the risky mortgage lending that led to the recent housing...
Tags: Richard Cordray, Freddie Mac, Finance, Financial and Business Services, Money and Monetary Policy
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H.B. man arrested in mortgage fraud case
Federal authorities arrested five people Wednesday who were allegedly involved in an Orange County-based "builder bailout" mortgage fraud scheme, including one defendant from Huntington Beach, according to a press release by the Department of Justice....Tags: Justice System, Financial and Business Services, Prosecution, Court Preliminary, Defendants
Feb 5, 2013
|Story| Chicago Tribune
Dec 3, 2012
|Story| Los Angeles Times
Jan 17, 2013
|Story| Los Angeles Times
Dec 30, 2012
|Story| Los Angeles Times
Jan 10, 2013
|Story| Petoskey News
Jan 7, 2013
|Story| Los Angeles Times
Jan 8, 2013
|Story| Chicago Tribune
Jan 8, 2013
|Story| Allentown Morning Call
Jan 8, 2013
|Story| Allentown Morning Call
Jan 10, 2013
|Story| Chicago Tribune
Jan 10, 2013
|Story| Baltimore Sun
Jan 17, 2013
|Story| HB Independent
Original site for Fannie Mae topic gallery.