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home mortgages

New York Times - Mark Wellman said the 11-year fight to keep his home had taken over his life. The auction is scheduled, even though the lender forcing the sale was not the owner of the note underlying the mortgage when the lender began foreclosure proceedings in ...

Bundled Mortgages and Dubious Fees Complicate Foreclosure Cases

BusinessWeek - Even with relief efforts under way by industry and the government, Federal Reserve Chairman Ben Bernanke, earlier this week, warned that foreclosures and late payments on home mortgages are likely to rise "for a while longer.

Home foreclosures hit record high

Seattle Post Intelligencer - With home values dragged down, many borrowers were left with mortgages that eclipsed the value of their homes. "Declining home prices are clearly the driving factor behind foreclosures, but the reasons and magnitude of the declines differ from state ...

Home foreclosures hit all-time high

Reuters - WASHINGTON (Reuters) - Senior staff at U.S. bank regulatory agencies are working to push forward an Office of Thrift Supervision proposal that could help speed up the refinancing of troubled home mortgages, an OTS spokesman told Reuters on Thursday ...

U.S. agencies pushing mortgage certificate plan

Philadelphia Inquirer - The highest percentages were in the same states experiencing declining home values. Nationally, all mortgages going into foreclosure rose to 0.83 percent.

Americans’ home equity lowest since 1945

New York Times - WASHINGTON — Defaults on home mortgages touched another all-time high at the end of the last year as foreclosures surged on adjustable-rate mortgages, an industry group reported on Thursday. The latest data is expected to put further pressure on ...

Mortgage Defaults Reach a New High

Nashua Telegraph - Homeowners and homebuyers who live in expensive housing markets may be pleased to learn that the federal government recently increased the size of mortgages that Fannie Mae and Freddie Mac can purchase and the Federal Housing Administration can ...

Rates may shrink on big home loans

CNBC - Citigroup will also further tighten underwriting, though it will still offer subprime mortgages and home equity loans, unlike rivals that have stopped as default rates soared.

Citigroup to Cut Mortgage Exposure by $45 Billion

Newsday - The news follows a report from the Mortgage Bankers Association on Thursday that home foreclosures skyrocketed to an all-time high in the final quarter of last year. The proportion of all mortgages nationwide that fell into foreclosure surged to a ...

Home Equity Falls Below 50 Percent

CNBC - ... YORK (AP) - Housing stocks tumbled Thursday after industry data showed foreclosure rates reached an all-time high in the fourth quarter and pending home sales remained sluggish. The Mortgage Bankers Association said the proportion of all mortgages ...

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