A pension fund is suing foreclosure-services giant Lender Processing Services, a key player in the robo-signing mortgage mess, for fraud.
Continue reading Lender Processing Services Sued by Shareholders for Fra…
The number of applications for mortgages to buy homes rose to its highest level in six months last week.
The Mortgage Bankers Association Purchase Index rose 14.4% from a week earlier, the association said. No adjustment was made for Veteran’s Day, which occurred in the previous week.
The index is now at it’s highest reading since the week ending May 7, 2010.
“The increase in…
Continue reading New Mortgage Applications Hit Highest Level Since May
New Mortgage Applications Hit Highest Level Since May originally appeared on DailyFinance on Wed, 24 Nov 2010 08:03:00.
Filed Under: Economy, Real Estate, Credit
A smaller percentage of mortgage holders were delinquent on their payments in the third quarter than in the second quarter, although the percentage of delinquencies remains up from the same period last year.
Co…
This week, the Congressional Oversight Panel recommended that the nation’s big banks be stress tested again, because if problems with mortgage-backed securities are widespread, the consequences could be dire. Now, the Fed has a…
The Congressional Oversight Panel created in the wake of TARP to oversee and monitor the Treasury Department has issued a devastatingly clear report about the mortgage mess and its legal implications, which are ugly.
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