Home Financing News

Filtered relevant news on the residential mortgage industry Provider: HomeFinancingNews.com Feed Type: Residential [report]

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Lawsuits against Lenders, Wall Street growing
Originally posted on Home Financing News. In the wake of the subprime shakeout, major lenders and Wall Street institutions are being increasingly examined for possible unsavory tactics. Several state regulators and some of the cities hardest hit by foreclosures have begun filing lawsuits against parties who they believe let greed and dishonesty get in the way [...]
02/19/2008 06:45 PM

Foreclosures up, now impacting renters
Originally posted on Home Financing News. The LA Times has an interesting story today about the impact rising foreclosures are having on property renters. Such a connection might seem tenuous at first. But when you consider that about one in four foreclosed on properties are occupied by renters in states like California, it starts to make [...]
02/13/2008 03:38 PM

Government announces another token gesture
Originally posted on Home Financing News. The steady trickle of band-aid solutions to the mortgage market downturn continued on Tuesday, when the Bush Administration and several major lenders unveiled another plan to assist struggling homeowners. Announced by HUD Secretary Alphonso Jackson and Treasury Secretary Henry Paulson, Project Lifeline is aimed at borrowers who are currently 90 days [...]
02/12/2008 03:58 PM

Stimulus bill clears Congress
Originally posted on Home Financing News. The proposed economic stimulus package announced two weeks ago cleared Congress yesterday and is now awaiting the President’s signature. That move seems likely to happen very soon given the President’s ongoing interest in many of the plans components. The plan, which will cost $152 billion and accounts for about 1 percent [...]
02/08/2008 04:07 PM

Fraud and lending in Las Vegas
Originally posted on Home Financing News. Mortgage fraud is again stepping into the media limelight. NPR’s Morning Edition reports on new FBI investigations which are being carried out in Las Vegas, Nevada: a city which is fast emerging as the mortgage fraud capital of America. Current turmoil in the city’s property market has led the FBI to [...]
02/05/2008 01:17 PM