Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed.
Posts Tagged ‘mortgage’
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Mortgage applications declined last week: MBA
June 22nd, 2011 
satterthwaite2 Applications for home mortgages fell last week, after a sharp bounce the week before, as refinance demand dropped and interest rates rose, an industry group said on Wednesday.
More people signed contracts to buy homes in March
April 28th, 2011 satterthwaite2 More Americans signed contracts to buy homes in March, but sales were uneven across the country and were not enough to signal a rebound in the housing market.
Rate on 30-year mortgage falls to 4.80 pct.
April 21st, 2011 satterthwaite2 Average rate on the 30-year fixed mortgage slips to 4.80 pct., but housing still slumping.
Fed unveils proposal on mortgage standards
April 19th, 2011 satterthwaite2 Lenders would be required to make sure prospective borrowers have the ability to repay their mortgages before giving them a loan, under a proposal released by the Federal Reserve on Tuesday.
3 Columbus Circle $300 Million Financing Completed
April 13th, 2011 satterthwaite2 SL Green Realty Corp. (NYSE:SLG) today announced the refinancing of 3 Columbus Circle and repayment of the $250 million acquisition bridge loan that was originated in January 2011 by SL Green and Deutsche Bank.
Why you can’t get a mortgage
April 6th, 2011 satterthwaite2 Yep, mortgage interest rates are low, but there’s a catch: It doesn’t matter how cheap rates are if you can’t get a loan.
Regulators define “safe” home loan
March 29th, 2011 satterthwaite2 U.S. lenders would have to offer mortgages with at least a 20 percent down payment if they want to repackage the loan to sell to other investors without keeping some of the risk on their books, according to a proposal U.S. bank regulators endorsed on Tuesday.
