Mortgage Rescue Scheme to be cut
Tuesday, March 15th, 2011The government is cutting the amount home owners can sell to the council under the Mortgage Rescue Scheme.
Mortgage defaults in California at 3-year low
Tuesday, March 15th, 2011The number of default notices in the second quarter falls 43.8% compared with the same period in 2009. Meanwhile, banks step up repossession of foreclosed homes.
FDIC to Sell $409 Million in Mortgage Bonds
Tuesday, March 15th, 2011The Federal Deposit Insurance Corp. is tapping the securitization market to rid itself of assets from failed banks.
Wells Fargo and Bank of America Gains Profit as Mortgage Rates Drop
Monday, March 14th, 2011Two mortgage lenders giant, Bank of America and Wells Fargo, foresaw a very strong days on the NYSE as BofA was up 2.92% and Wells Fargo was up 2.96%.
Fed plans mortgage payment disclosure rule
Monday, March 14th, 2011The Federal Reserve on Monday issued a package of rules and proposals for mortgages, including a measure that would require lenders to disclose to borrowers how their mortgage payments can change over time.
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