Articles, tagged with "mortgage backed securities", page 3

BofA, mortgage-backed securities, mortgage, MBS, foreclosure, Bank of America

Various lawsuits have been lodged by investors against Bank of America (BofA) over mortgage-backed securities or MBS and the suits could involve at least $54 billion worth of investments. Investors are alleging that BofA have sold unwarranted MBS home loa... Read >
Author: rudson tren

US needs new housing program after loan mods failure

Despite efforts by the US government to ease foreclosure woes through its loan modification program, many troubled borrowers are still finding themselves forced out of their homes. About 50 percent of the 1.4 million borrowers who applied for loan modifi... Read >
Author: rudson tren

Large US banks fear lawsuit reprisals

Several big US banks had expressed their concerns that possible litigations over mortgage loans could trigger a financial loss to them. The Bank of America, Citigroup and Wells Fargo had all said in their regulatory filings that investor suits could bri... Read >
Author: rudson tren

More Possible Lawsuits Haunt Banks

JPMorgan, PNC Financial Services and Ally Financial had all disclosed that suits continually being threatened to be filed against them over their alleged foreclosure malpractices. JPMorgan is facing two possible class suits for its alleged fraud, misrepr... Read >
Author: rudson tren

Bank of America discounts claims of mortgage repurchases

Bank of America (BOA) is not budging in its position that it has not improperly handled nor wrongfully facilitated defaulted loans and is rejecting any demand for mortgage repurchases. Freddie, Pimco Investment Management, Blackrock Financial Management ... Read >
Author: rudson tren

May Last Quantitative Easing Lower Refinance Home Mortgage Rates Slightly?

Simply quantitative easing is bringing fresh cash into the markets to vitalize the economy. The more cash in circulation, the more consumers buy merchandise and services. Thus, the industries will manufacture more and hire additional work force leading to... Read >
Author: izibir

Commercial Mortgages, Overview Of US Market

The small balance (loans less than $5 million) commercial mortgage market has seen a tremendous amount of volatility in the last 3 years. Of considerable note has been the “death" of the CMBS market (Commercial Mortgage Backed Securities) which accounted... Read >
Author: Jeff Rauth

A Solitary Kindling Of Inflation In A Lake Full Of Gasoline

People who've read through The $300 Trillion Dollar Crisis may well recall that I mentioned the consequences of the first Quantitative Easing (bailouts) as being both possibly inflationary as well as damaging to the stability of the dollar because of our ... Read >
Author: The Rogue Economist

Foreclosure fraud: Looming issues for some of the top Banks

Bank of America, JP Morgan and Chase, and GMAC have all been in the headlines recently for bad practices with their foreclosure procedures being called into question. With the inception of the Obama mortgage assistance program Home Affordable Modific... Read >
Author: Professor Loan Mod

Is Time Running Out For Home Buyers?

With the news focused almost exclusively on the April 30th deadline of first-time home buyer and repeat home buyer credits looming, one would think that time is running out for home buyers to take advantage of this offer. Sales contracts must be signed by... Read >
Author: loanofficerschool

Strategic Mortgage Defaults on the Rise

As the Great Recession deepens, all around the United States, many real estate owners who are able to make their monthly mortgage payments are choosing not to. Instead, they are just walking away from their real estate and allowing their mortgage note ho... Read >
Author: ColoradoRealtor

Stock Fraud Attorney, Securities Fraud Attorney

Securities fraud is a type of fraud that encourages investors to purchase securities, stocks or other investments under false pretenses. This type of fraud can occur when the companies and agents acting for the companies encourage fraud to occur. Invest... Read >
Author: NickHenrey

Current Mortgage Rate Fluctuations

We all tend to be prone to overreaction. All you need to do is turn on the news to find out the latest apocalypse du jour. Of course, the vast majority of these expected calamities that we get ourselves worked up about never in fact show up in our lives. ... Read >
Author: michael sterios

What precisely are real estate property investment trusts?

An investment trust where a group of people invest their money in residential or commercial real estate business is called Real Estate Investment Trust (REITs). These trusts own and manage large number of mortgages and commercial properties. These trusts ... Read >
Author: Michael Miller

The Age of Misinformation on the Internet

When perusing the wealth of information that runs rampant across and throughout the Internet, one is inundated with a plethora of information about topics that range far and wide, but how does one decipher the mountainous terrain and a million blog posts ... Read >
Author: loanofficerschool

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