News
A Florida man who reportedly lost his life as a sinkhole swallowed his entire bedroom sent a chill across the U.S. as more Americans became aware of how unsettling nature can be.
But, unfortunately, sinkholes may be more common than homeowners realize, and the hazard is one insurance...
The Second Circuit Court of Appeals overturned a lower court's dismissal of a major residential mortgage-backed securities lawsuit filed against U.S. mortgage bond issuers.
The court's ruling revived claims from an investor group that alleged several securities law violations stemming...
The Second Circuit Court of Appeals overturned a lower court's dismissal of a major residential mortgage-backed securities lawsuit filed against U.S. mortgage bond issuers.
The court's ruling revived claims from an investor group that alleged several securities law violations stemming...
Both Fannie Mae and Freddie Mac received a 'negative' rating outlook with analysts still uncertain about the direction of government debt, the ongoing financial debates in Congress and the upcoming debt ceiling debate, according to Fitch Ratings...
Both Fannie Mae and Freddie Mac received a 'negative' rating outlook with analysts still uncertain about the direction of government debt, the ongoing financial debates in Congress and the upcoming debt ceiling debate, according to Fitch Ratings...
Mortgage debt continues to make up the largest portion of the $11.34 trillion consumer debt, according to the household debt and credit report by the Federal Reserve Bank of New York.
Of the overall consumer debt, mortgage takes precedence at $8.03...
A program launched by Nevada's Attorney General to help thousands of underwater borrowers prompted thousands of callers to reach out for help in the first two months of the year.
Nevada Attorney General Catherine Cortez Masto created the Home Again Nevada Homeowner Relief Program on Jan....
A program launched by Nevada's Attorney General to help thousands of underwater borrowers prompted thousands of callers to reach out for help in the first two months of the year.
Nevada Attorney General Catherine Cortez Masto created the Home Again Nevada Homeowner Relief Program on Jan....
After jumping 9% in December, construction spending in the U.S. dropped 2.1% to a seasonally adjusted rate of $883.3 billion, according to the U.S. Census Bureau...
Mortgage-backed securities continue to plague Bank of America ($13.46 -0.05%), the major lender that acquired subprime giant ...
Mortgage giant Freddie Mac reported net income of $11 billion for 2012, compared to a net loss of $5.3 billion a year earlier, as a result of the housing market turning a corner and the firm working to minimize legacy losses.
The government-sponsored enterprise also...
Home prices could rise 35% without stretching affordability, said Raj Dosaj, vice president of the behavioral library and home price index at LPS Applied Analytics.
Dosaj made that bold assertion while speaking at "Outlook: Is the Housing Recovery for Real?", a webinar...
Home prices could rise 35% without stretching affordability, said Raj Dosaj, vice president of the behavioral library and home price index at LPS Applied Analytics.
Dosaj made that bold assertion while speaking at "Outlook: Is the Housing Recovery for Real?", a webinar...
Bond insurer MBIA, which continues to battle Bank of America in court over mortgage bonds insured by MBIA, moved from a steep loss to a year-end profit in 2012 due to fair value changes on insured credit derivatives.
MBIA...
Credit Suisse Group ($29.71 -0.4625%) priced its first private-label residential mortgage-backed securitization of the year, with credit rating...