Finance & Mortgage
Spanish Banks Face More Property Risk - Consultant
Goldman Wins Mortgage Case Appealed by German Bank
U.S. Mortgage Rates Rise Slightly: Freddie Mac
EDITOR'S PICKS
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Top 1,000 Brokerages Reveal Which Real Estate Firms Are Surviving — And Growing — In The Current Recessionary Market
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Shohei Ohtani And His Agent Settle Hawaii Lawsuit Over Alleged Sabotage Of $240 Million Real Estate Project
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James Corden Locked In Bitter Fight With London Council Over Paving Changes At His $22 Million Heritage Home
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Mortgage Rates Jump Back Above 6% After Iran Strikes Push Oil Prices And Treasury Yields Higher
Mortgage applications increased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 13, 2012. Mortgage Rates Slip, Tie Record Lows: Bankrate
Mortgage rates moved into record low territory again this week, with the average rate on the benchmark 30-year fixed mortgage rate settling at 4.10 percent, a level last seen in February, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.42 discount and origination points. Freddie Mac Sets New Timelines for Short Sales to Help Add Transparency, Expedite Decisions
In an effort to make the short sale process more transparent, Freddie Mac (OTC: FMCC) is updating its timelines and also requiring servicers to provide weekly updates when decisions take more than 30 days after the receipt of a complete application for a short sale under the Obama Administration's Home Affordable Foreclosure Alternative (HAFA) initiative or Freddie Mac's traditional requirements. All decisions must be made within 60-day UK Housebuilder Persimmon Upbeat as Enquiries Rise
British housebuilder Persimmon said it had made a good start to 2012 with both visitor levels and orders up on last year, boosted in part by a new government mortgage scheme. Global Regulators Map Out Safer Home Loans
Regulators published global guidance on Wednesday to make granting home loans more rigorous, five years after weak lending standards in the U.S. mortgage market spiralled into the worst financial crisis in decades. Fed Solicits Bids From Eight Banks For Maiden Lane III Assets
The New York Federal Reserve said on Wednesday it has asked eight dealers to bid on assets from its Maiden Lane III portfolio, which was created during the bailout of insurer American International Group (AIG). U.S. Bancorp Beats Street; Mortgage Revenue Soars
U.S. Bancorp's first-quarter profit topped analysts' expectations as mortgage banking revenue surged. Wells Fargo Reports Higher Profit on Mortgage Gains
A surge in mortgage banking income lifted Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concern that the bank is falling behind on its drive to cut expenses. UK Home Loans Plummet
Home loans in the UK have plummeted as mortgage availability tightens and rates rise despite the property industries attempts to encourage more first time buyers to kick start real estate market growth. Bank of America CEO Moynihan Must Testify in MBIA Lawsuit : Judge
A New York judge has ruled that Bank of America CEOBrian Moynihan must testify in a lawsuit brought by bond insurer MBIA Inc. which claims the bank fraudulently induced it to insure risky mortgage-backed securities.
