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.
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...
Freddie Mac Bets Against Refinancing? Or Just Higher Rates?
By:ForbesJanuary 31, 2012
It’s an eyecatching, holy-vampire-squid headline: Freddie Mac Bets Against American Homeowners! And the story details how our national mortgage company has invested heavily in securities that would lose value if homeowners...
US regulators penalize debt collector for deception
By:ReutersJanuary 31, 2012
Asset Acceptance LLC, a major U.S. buyer of consumer debt, agreed to pay a $2.5 million civil penalty to settle charges that it used deceptive collection practices, the Federal Trade Commission and Justice Department said on...
Early filers may have to wait longer for their tax refund
By:USA TodayJanuary 31, 2012
Some taxpayers who filed their federal tax returns early this year will have to wait a week longer than initially projected to get their refunds. The delay was caused by new safeguards installed in IRS computer systems to prevent...
