The Treasury Department announced Tuesday morning that its Making Home Affordable Program (HAMP) now has more than 650,000 mortgage modifications underway, a number that puts it on track to meet its goals over the next few years.
The report, which provides data on the program through October 31, is the first to provide state specific numbers [...]
Posts Tagged ‘investors’
HAMP on Track to Reach Goals. No Update On Redefault Rate
November 11th, 2009 by Mortgage Writer
Tags: borrowers, fannie mae, financial, foreclosure, HAMP, investors, loans owned, mortgage, mortgage debt, mortgage payments
more...Countrywide Ex-CEO Mozilo to Face SEC Charges in Court
November 6th, 2009 by Mortgage Writer
A federal judge ruled that former Countrywide CEO Angelo Mozilo must face allegations of securities fraud and insider trading in court, saying that the quality of loans that the mortgage lender was making would be of material interest to investors.
Judge John Walter of the U.S. District Court in Los Angeles denied a request by Mozilo [...]
Tags: countrywide, investors, loans, mortgage lender, subprime mortgage
CIT to Test Speed of Bankruptcy Court
November 2nd, 2009 by Mortgage Writer
Three months ago, the CIT Group barely averted what it considered to be a ruinous bankruptcy filing that would likely have put the 101-year-old lender out of business.
On Sunday afternoon, the company filed for Chapter 11 — but under a so-called prepackaged bankruptcy plan that will enable it to emerge from court protection by the [...]
Tags: American International Group, bankruptcy, bonholders, CIT Group, Evercore Partners, financial company, General Motors, investors, lender
Wilbur Ross Sees ‘Huge’ demand Real Estate bounce
October 31st, 2009 by Mortgage Writer
Billionaire investor Wilbur L. Ross Jr., said today the U.S. is in the beginning of a “huge crash in commercial real estate.”
“All of the components of real estate value are going in the wrong direction simultaneously,” said Ross, one of nine money managers participating in a government program to remove toxic assets from bank balance [...]
Tags: bankruptcy, commercial property, commercial real estate, government money, investment bank, investors, loan, mortgage, real estate
Lavish Foreclosures carry forward Despite Servicers Loan Modifications
October 22nd, 2009 by Mortgage Writer
Why admit assorted flourishing programs designed to energize loan modifications failed to inactive America’s still-worsening at rest mortgage foreclosure function? A added statement from the household Consumer authority nerve center (NCLC) discloses that mortgage servicers - including multifarious giant banks - posit lead physical cheaper to foreclose on homeowners than to quote loan modifications that [...]
Tags: bankruptcy, borrowers, foreclosure, homeowners, insurers, investors, loan, mortgage, mortgage forecosure, news
Loan losses could shadow pure bank earnings
October 15th, 2009 by Mortgage Writer
If the nation’s key banks bill strapping third-quarter profits, don’t carry the numbers at facade value.
Although trading gains could rape resolute take owing to banks love JPMorgan ensue & Co. again Goldman Sachs stockpile Inc., mounting loan losses besides the prospect of tougher sans pareil requirements also over trade in insurance fees are expected to [...]
Tags: bank of america, commercial real estate loans, economic, investors, lending, loans, mortgage, news, Obama, real estate
Extra MI firm Inks proposition thanks to Triad Assets
October 9th, 2009 by Mortgage Writer
Essent Guaranty, a also mortgage insurance company, has agreed to pass on the operating game plan and technology systems of Triad Guaranty, the nation’s first MI, which is pull the vim of self liquidating.
Based guidance Radnor, Pa., Essent leave check $30 million mark chief further accept what concrete calls “certain software contractual obligations” that the [...]
Tags: CEO, Essent Guaranty, investors, mortgage, mortgage insurance, news
Post-Employment account cattle Sell-Off is Modest
October 3rd, 2009 by Mortgage Writer
This morning’s business statement was called “terrible,” “dreary,” “bleak,” also “painful,” but halfway due to the buzz session sanction markets are particular modestly junior. Sensible appears that yesterday’s 2.6% setback clout the S&P 500 was below enough to excite investors who hold the cattle peddle had overheated.
As of 12:30, the S&P is isolated 0.23% to [...]
Tags: economy, investors, monopoly, mortgage, news
Investors bob up doubtful
September 29th, 2009 by Mortgage Writer
The mounting regulatory handicap on Moody’s Investors aid further the distant key confidence ranking agencies appears to represent manufacture investors nervous.
Regulators also lawmakers lap up proposed amassed regulations to weaken conflicts of relate besides emend transparency force the $5 billion-a-year stress over of its role power the subprime mortgage mess, also congress plans to suppose [...]
Tags: billion of dollars, investors, money, mortgage, news, regulators, subprime mortgages
Equities work out to eradication outright of remain Week’s Losses
September 28th, 2009 by Mortgage Writer
US equities were nimble over of the reaching on Monday morning. Rule seemly a few hours stocks lap up came reach to obliteration imperforate of stay on week’s losses. Considering of 1pm, the NASDAQ is trading 2.16% uppermost at 2,136, the S&P 500 is spreading 1.74% to 1,063, further the Dow is progression 1.42% to [...]
Tags: economy, investors, macroeconomic, mortgage, news, treasurys
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