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IMPORTANT: Bing News RSS feed has moved!The percentage of distressed first-lien subprime loans among residential borrowers in the states that make up the sixth district of the Federal Reserve fell in the third quarter from a year earlier, according to the Federal Reserve Bank of ... Read moreDistressed subprime mortgages tumble in Southeast: Atlanta FedThe SPIN is calculated for prime and subprime residential mortgage loans. The indices identify the proportion of loans in arrears in each of the 31-60 days, 61-90 days, and 90+ days' arrears categories. SPIN is calculated on a monthly basis ... Read moreTEXT:S&P report says Australian Prime RMBS arrears eased in AugustOne of the most pernicious practices in which the nation’ biggest banks engaged during the lead up to the financial crisis was pushing minority borrowers into subprime loans, even when many of them qualified for prime loans. Wells Fargo had ... Read moreFormer Chase Banker Admits His Bank Pushed Minorities Into Subprime Mortgage LoansNEW YORK — A spike in claims related to bad loans written by its now-shuttered subprime mortgage unit shouldn't create any new liability for H&R Block Inc., company executives said Thursday after releasing results that showed a wider loss for ... Read moreH&R Block 2Q loss widens; mortgage claims spikeFor many years, FHA-insured loans were the only way that people in either category could get a mortgage. Then, during the boom years between 2001 and 2007, the banks created “subprime” mortgages to service these high-risk mortgages with ... Read moreCredit guidelines for mortgages get tougher: Higher FHA limit extended 2 more yearsShares of H&R Block are trading lower today on concerns over its shuttered subprime mortgage business that resurfaced with the company’s second quarter earnings report. Hot Feature: What Did Groupon Do This Time? Late Thursday, the nation’s ... Read moreH&R Block Drops On Mortgage Unit ConcernsOne memory particularly troubles Theckston. He says that some account executives earned a commission seven times higher from subprime loans, rather than prime mortgages. So they looked for less savvy borrowers — those with less education, without ... Read moreSubprime RegretsThe members comments as to who made the top of the list, ranged from the iPhone, E-readers, Hybrid Cars to Massive Multi-players and Online Role Playing Games, and, at the other end Sub-Prime Loans & Adjustable Rate Mortgages. Not surprisingly, the two top ... Read moreBest and Worst Designs of the DecadeRBS bundled home loans from subprime lenders Fremont General, First Franklin Financial, Countrywide Financial, IndyMac and WMC Mortgage and packaged them into securities for sale to investors, Ms Coakley said. Those lenders have either ceased operations ... Read moreFor additional information, please see:
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