Posts Tagged ‘banks’
Mortgage Accord Said to Be Revised as Banks, States Balk
May 11th, 2011Mortgage Accord Said to Be Revised as Banks, States Balk U.S. states probing foreclosure practices revised a nationwide settlement proposal after banks and eight Republican attorneys general objected to mortgage loan principal cuts, two people familiar with the talks said. Read more on BusinessWeek
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Local banks mirror national trends
April 4th, 2011Local banks mirror national trends EAGLE COUNTY – The national economy has been hard on just about every business, and some are stronger than others. Banks are no different. Recent bank rating reports by Bauer Financial have put several Colorado-based banks on g Copyright 2011 Vail Daily. All rights reserved. This material may not be [...]
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Banks’ Commercial Mortgage Default Rates Fell–Now What?
March 3rd, 2011Banks’ Commercial Mortgage Default Rates Fell–Now What? The default rate for commercial real estate mortgages held by the nation’s depository institutions-including mortgages at least 90-days delinquent and mortgages in non-accrual status-fell to 4.28 percent in the fourth quarter 2010 (Q410), down from 4.36 percent in the third quarter. The Q410 result marks the first improvement [...]
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Banks hike mortgage rates across the board
December 15th, 2010Banks hike mortgage rates across the board Banks are raising mortgage rates across the board. The biggest increase is just under a third of a percentage point. Read more on Toronto Star
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Mortgage investors, regulators need to make sure banks do right thing
November 10th, 2010Mortgage investors, regulators need to make sure banks do right thing Banks that collect fees from servicing delinquent loans and foreclosures don’t always act in the best interest of the mortgage investor or the homeowners, who are better served by a loan modification. Guest columnist Rory O’Sullivan urges regulators and investors to solve this dilemma. [...]
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Banks Shop Mortgage Assets
November 5th, 2010Banks Shop Mortgage Assets As the mortgage industry changes and the credit markets open up, banks are likely to divest more mortgage assets, says Cantor Fitzgerald’s Jason Kopcak. Read more on TheStreet.com
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Foreclosures bungle could hit US banks
October 3rd, 2010Foreclosures bungle could hit US banks Already fragile US financial firms are facing a raft of law suits and potential fines after three major mortgage lenders admitted to mishandling thousands of home foreclosures. Read more on AFP via Yahoo! News
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Mortgage Mayhem: Banks Do Too Little Too Late
September 15th, 2010Mortgage Mayhem: Banks Do Too Little Too Late The banking industry has taken a great deal of time to help troubled homeowners, doing a poor job by some accounts. And big banks have finally realized that the mortgage malaise won’t stop spreading throughout their loan books until barrier walls are erected. But has progress come [...]
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Banks’ self-dealing super-charged financial crisis
August 29th, 2010Banks’ self-dealing super-charged financial crisis Faced with increasing difficulty in selling the mortgage-backed securities that had been among their most lucrative products, the banks hit on a solution that preserved their quarterly earnings and huge bonuses. Read more on The Charlotte Observer
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Mortgage rates drop as banks wait on RBA
August 6th, 2010Mortgage rates drop as banks wait on RBA Average mortgage rates have dropped for the first time in a year after a three-month rate-rise hiatus from the Reserve Bank. Read more on Business Day
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