WASHINGTON (Reuters) - An Obama administration program to help struggling homeowners modify their mortgages has more than one million active borrowers, though fewer than 10 percent have obtained permanent loan modifications, according to a Treasury Department report released on Friday. The report ...
UK lenders say home mortgage business fell by half in January The value of home mortgage advances in January fell by half from December, when there was a late rush to complete deals before a tax break ended at the New Year, ...
Banks reduce their borrowing by daily average of $43 million from Fed's emergency loan program Banks borrowed less from the Federal Reserve's emergency lending program over the past week, providing further evidence that the strains caused by the financial crisis are easing. ...
Rates on 30-year fixed mortgages fall to 4.95 percent, weeks before Fed exit Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is ...
NEW YORK (Reuters) - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday. If demand for purchase loans, a tentative early indicator of ...
MBA: Commercial mortgages have lower delinquency rate than other real estate loans Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday. Overall, 7.3 percent ...
Lenders accountable for higher broker fees charged to minority borrowers Two subsidiaries of American International Group (AIG) Inc. have agreed to pay a minimum of $6.1 million to resolve charges that they engaged in a pattern or practice of discrimination against black ...
WASHINGTON (Reuters) - The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday. Michael Barr, the Treasury's assistant secretary for financial institutions, said in prepared ...
Gov't restates support for Fannie Freddie after lawmaker's comments rattle investors The Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not ...
Key House member is working to improve loan modification program to reduce foreclosures A key lawmaker is working with banks, regulators and the Obama administration on a new way to boost the government's struggling foreclosure prevention effort by encouraging banks to reduce ...
