JPMorgan Chase & Co has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises. The all-cash settlement was made public late Monday, and requires approval by U.S. District Judge Laura Taylor Swain in Manhattan. It resolves claims that Bear …
The Zacks Analyst Blog Highlights: Federal National Mortgage Association, Federal Home Loan Mortgage, Ocwen Financial, Nationstar Mortgage Holdings and Bank of America
HSBC's new mortgage has an ultra-cheap interest rate, but that's not all you'll pay.
Responses to mortgage lending consultation reveal concerns among first-time buyers that they’ll never be able to buy a house
Mortgage Express announces the recent appointment of Fay Cheng, joining the team of Auckland-based Mortgage Advisors. Originally from China, Fay arrived in Auckland in 2002. “I offer my clients, not only expert mortgage advice, but sound financial planning and an all-round, in-depth understanding of their financial situation,” says Fay. Based in Auckland, Fay is no stranger to the real estate …
Total of 26,576 home loans approved in 2014, says Banking & Payments Federation
By Aruna Viswanatha and Karen Freifeld WASHINGTON/NEW YORK (Reuters) – A U.S. judge on Monday rejected allegations by the New York state attorney general that Wells Fargo was violating the $25 billion mortgage settlement that federal and state authorities reached with five banks in 2012. U.S. District Judge Rosemary Collyer described Attorney General Eric Schneiderman's allegations as “so …
Interest rates have bounced around historical lows for years, yet a surprising number of homeowners who could benefit from a refinancing still haven’t taken advantage of the potential cost savings, Ed Conarchy, a mortgage adviser for Cherry Creek Mortgage in Gurnee, Illinois, said in a new Bankrate report issued Monday. The Mortgage Bankers Association forecasted that rates might increase to a …
With negative interest rates in Germany, Switzerland, Ireland, Belgium, and Denmark, it was about time that we saw negative mortgage rates in Europe too.
Americans know how much money they make, but scratch their heads about their single-largest monthly expense.