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Irish government agency, Nama, which controls bad property loans taken from the banks, is considering entering the mortgage market in Northern Ireland. The agency currently controls more than £3bn worth of property loans in NI. It is piloting a scheme in ...

'Bad bank' Nama 'may enter' NI mortgage market

Maybe especially for them. And, so it is with Fannie Mae and Freddie Mac: the one-time mortgage market leaders. But they aren't leaders any more. They’re essentially wards of the state. We’ve given them 183 billion taxpayer dollars to pay ...

The Men Behind the Mortgage Bust!

We asked him for his take on the mortgage market these days … Us: What’s going on with the current mortgage market? Cameron: There is a battle ensuing between Fannie Mae and Freddie Mac vs. the Federal Housing Administration in terms of market share.

New rules would raise mortgage costs

In February, the administration released a paper outlining three potential options for an overhaul, but has not provided any more detail. “I am surprised that you have not come forth with any solution,” Mr. Corker said. “It’s a pretty ...

Treasury Slammed for Lack of Mortgage Market Reform

The days of getting any sort of discount on a variable rate mortgage are over — again. Those mortgages, tied to prime, have become a mainstay of the housing market. And, why not? While prime has stood at 3% at most major financial institutions ...

Variable rate mortgage discounts disappearing

ATLANTA (AP) -- Invesco Mortgage Capital Inc. said Tuesday that its decision to reduce its dividend for the fourth quarter was a response to the market volatility caused by worries over the European debt crisis. Last week, the real estate ...

Invesco Mortgage board OKs stock buyback plan

First-time buyers deserted the mortgage market in October 2011 amid further signs of a housing market slowdown – despite monthly mortgage payments becoming the most affordable in almost eight years. The total number of loan approvals for house ...

First-time buyers desert mortgage market

Washington - US market investigators Friday launched a legal move against former top mortgage bank managers for their role in creating the recession of 2007-2009, the latest legal action against banks and mortgage firms for allegedly misleading ...

US market regulator sues mortgage bank chiefs for role in recession

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