Latest News (353)
How Force-Placed Insurance Leads to Foreclosure - Yahoo! Finance
Written by staffNEW YORK (MainStreet)—I constantly hear banking and insurance industry professionals stating that only 1% of loans in their loan portfolios have force-placed insurance as a way of defending the practice. According to the Census
...Swaps Vote Is Another Big Win for the Big Banks - Bloomberg
Written by staffClick on the section of the Commodity Futures Trading Commission website about the 2010 Dodd-Frank financial-reform law and the first thing that jumps out is a quotation, in bold, from CFTC Chairman Gary Gensler about how Dodd-Frank would transform the derivatives market -- for the better.
“The Wall Street reform bill will -- for the first time -
...Wells Fargo slows foreclosure sales, BofA not so much - Orlando Business Journal
Written by staffThree large banks have nearly halted their foreclosure sales while they make sure they are meeting revised standards on how troubled homeowners are to be treated.
- Staff Orlando Business Journal
Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. have nearly halted foreclosure sales after federal regulators revised
...New program to help some struggling homeowners avoid foreclosure | KDVR.com
Written by staffDENVER — In Late March, the Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will offer struggling homeowners an easier way to stay in their homes.
The program, known as the Streamlined Modification
...3 big banks nearly halt foreclosure sales after U.S. tweaks orders - latimes.com
Written by staffSales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes.
The banks said they paused the sales on May 6 to make sure that their late-stage foreclosure procedures
...Former Freddie Mac Chief Economist Says Housing Finance Model Can Be Found Outside The U.S. | KPBS.org
Written by staffThe mortgage market is almost entirely backed by the government after the housing crisis led to the takeover of the two mortgage giants Fannie Mae and Freddie Mac in an attempt to stabilize the housing market. Meanwhile,
...Foreclosure Crisis Cost U.S. $192.6 Billion In Lost Wealth Last Year, Study Finds
Written by staffThe housing market may be recovering, but the country is still suffering.
Americans lost $192.6 billion in wealth, or an average of $1,700 per household, last year due to foreclosures, according to a report released Thursday by the Alliance for a Just Society, a coalition of progressive grassroots organizations across the country. The report also
...Big Banks Get Break in Rules to Limit Risks - NYTimes.com
Written by staff9:33 p.m. | Updated
Under pressure from Wall Street lobbyists, federal regulators have agreed to soften a rule intended to rein in the banking industry’s domination of a risky market.
The changes to the rule, which will be announced on Thursday, could effectively
...Simon Johnson: The Myth of a Perfect Orderly Liquidation Authority for Big Banks - NYTimes.com
Written by staffOn Tuesday, with some fanfare, the Bipartisan Policy Center in Washington
...Three years in, Oregon's economic recovery makes some gains, faces long path ahead | OregonLive.com
Written by staffThe Southeast Portland bakeshop will open a second location across the Willamette this summer and add 20 to the three dozen it already employs.
Restaurants like Pacific Pie are the big drivers in one of the state's fastest-growing sector -- leisure and hospitality,
...More...
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