Entries in the '' Category

ALL BUSINESS: Double standard in mortgage walkaway (AP)

AP - Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can't pay its mortgage. That's good business.

Calif. woman gets 3 years for huge mortgage fraud (AP)

AP - A former Beverly Hills real estate appraiser has been sentenced to three years in federal prison for her role in a massive mortgage fraud.

ALL BUSINESS: Double standard in mortgage walkaway (AP)

AP - Tishman Speyer Properties walks away from 11,232 Manhattan apartments because it can't pay its mortgage. That's good business.

Lloyds reopens U.S. RMBS market with $1 billion deal (Reuters)

Reuters - Lloyds TSB raised $1 billion via a residential mortgage-backed bond on Friday, reopening a U.S. market that had been shut since mid-2008 because of the credit crunch.

UK house prices, consumer confidence rise in Jan (AP)

AP - U.K. house prices rose 1.2 percent during January to push them 8.6 percent higher from a year ago, a major mortgage lender said Friday, while a separate survey showed consumer confidence picked up after a three-month drop.

Gov’t eases paperwork for loan help program (AP)

AP - Homeowners seeking relief under the Obama administration's mortgage aid program will be required to provide proof of their incomes upfront, a significant reversal for the problem-plagued effort to stem the foreclosure crisis.

Obama admin: Make more modified home loans permanent (Reuters)

Reuters - The Obama administration unveiled changes to its $75 billion home loan modification program on Thursday in an effort to boost the number of trial home loans that become permanent.