Colorado | Home Loan | Mortgage | Refinance

Archive for the ‘Mortgage News’ Category

Prashant Gopal has an intriguing story today on the way in which banks are not only doing more short sales than they used to, but are even throwing in cash sweeteners to speed things along. Why would they be doing such a thing? The banks aren’t saying …
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(Reuters) – As the nation’s five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it’s becoming clear that the deal will have little or no impact on their future bottom lines. After more than a year of negotiations …
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The man who compiled a dossier of improprieties on US mortgage giant business Fannie Mae, has spoken out about finally seeing a 2006 report that corroborated many of his findings. Nye Lavalle, from Florida but began analysing mortgage deals after he lost …
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The biggest remaining holdout, California, has returned to the negotiating table after a four-month absence, a change of heart that could increase the pot for mortgage relief nationwide to $25 billion from $19 billion. Another important …
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Attorney General Eric T. Schneiderman of New York sued three major banks on Friday, accusing them of fraud in their use of an electronic mortgage database that he said resulted in deceptive and illegal practices, including false documents in …
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As states gear up to finalize a national mortgage servicing settlement, some are looking to avoid the painful lessons of a 2008 mortgage deal that failed to deliver the help promised to desperate homeowners. Nearly four years ago, 11 states …
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The Canadian mortgage industry has long been lauded for its stable lending criteria and ability to hold the fort during the worldwide recession. Through the wonderful blue sky of 2.99-per-cent 5-year fixed money, however, is a storm of international and …
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