US housing regulator acted on ideology -lawmakers
By:ReutersFebruary 9, 2012
Two Democratic lawmakers on Wednesday accused the regulator of Fannie Mae and Freddie Mac from blocking the firms from reducing principal on the mortgages they back for ideological reasons.
Foreclosure Deal to Offer $17B Mortgage Relief
By:BloombergFebruary 9, 2012
A multistate settlement with five large U.S. banks over foreclosure practices would include as much as $17 billion in mortgage debt forgiveness and loan modifications and take three years to complete, according to a letter...
A Mortgage Tornado Warning, Unheeded
By:Gretchen Morgenson, NY TimesFebruary 6, 2012
YEARS before the housing bust — before all those home loans turned sour and millions of Americans faced foreclosure — a wealthy businessman in Florida set out to blow the whistle on the mortgage game.
Foreclosure Deal Deadline Arrives as States Must Choose Whether to Sign On
By:BloombergFebruary 6, 2012
States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they’ll give up.
Unemployment report: January job gains have economists rethinking outlooks
By:Washington PostFebruary 6, 2012
An unexpectedly rosy jobs report set off a chain reaction Friday, upending economists’ gloomy predictions for the coming year, leading to a surge on Wall Street and potentially boggling the political calculus of the 2012...
[more]Nevada's triple economic whammy
By:CNN MoneyFebruary 3, 2012
The Great Recession has dealt Nevada a losing hand. The Silver State, which will hold the Republican caucus on Saturday, has the dubious distinction of leading the nation in unemployment, foreclosure filings and share of homes...
Mortgage rates hit a new low: 30-year fixed at 3.87%
By:CNN MoneyFebruary 3, 2012
Just one day after President Obama detailed a proposal to enable millions of homeowners to refinance to record-low mortgage rates, those rates notched another record. The 30-year, fixed rate fell to an average of 3.87% and the...
Obama plan aims to help borrowers refinance
By:DesMoines RegisterFebruary 3, 2012
President Barack Obama called Wednesday for new efforts to help homeowners refinance their mortgages, adding a new series of proposals to a growing list of initiatives intended to stimulate the nation’s troubled housing...
