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 ‘real estate’
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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.
CREDAI calls for time-bound action to fight corruption
April 28th, 2011 satterthwaite2 CREDAI (Confederation of Real Estate Developers Associations of India) on Thursday presented a time-bound programme to the government to tackle the menace of corruption in the real estate sector.
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.
Foreclosures continue to trend down in first quarter 2011
April 14th, 2011 satterthwaite2 On the surface, the foreclosure crisis seems to be easing. The number of foreclosure notices filed during the first three months of 2011 fell 27% compared with the first quarter of 2010, according to a report from RealtyTrac released Thursday.
Vulture investors are still fixing and flipping
April 13th, 2011 satterthwaite2 Even in these down times, there’s money to be made buying and flipping houses.
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.
