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Loan rules delayed despite warnings - Dubuque Telegraph Herald
WASHINGTON (AP) -- The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably ...
Read more...Mortgage industry raises alarm over loans 'rationing' - Guardian Unlimited
Britain's mortgage market will come to a standstill next year, with more homeowners paying off their loans than taking out new ones, according to the City regulator and the mortgage industry body yesterday. Sir James Crosby, who is advising the ...
Read more...Trusted Industry Names Form Due Diligence Alliance - Businesswire.com
MONTGOMERY, Ala.--( BUSINESS WIRE )--Two seasoned due diligence executives said Tuesday that they have created a new due diligence firm, Hall Underwriting and Consulting, LLC (HUC) with the intent to revolutionize the process in which mortgages are ...
Read more...Bad Mortgage Tally Could Jump Next Year - US News and World Report
While this year has been painful enough, 2009 is expected to be even worse for mortgage delinquencies , according to a recent report. Adjustable-rate mortgages made during the housing boom are projected to trigger a surge in the number of consumers ...
Read more...FDIC chief: Intervene on foreclosures - CNN Money
NEW YORK (CNNMoney.com) -- The nation's top banking regulator warned Tuesday that help for troubled homeowners is failing to keep pace with the foreclosure crisis. "We're definitely behind the curve, and we fall further behind the curve every day ...
Read more...FDIC head: gov't rescue plan needs 'exit strategy' - International Herald Tribune
WASHINGTON : The head of the FDIC said Tuesday the government needs to devise an "exit strategy" for its massive financial rescue plan to avoid artificially propping up banks and other institutions over the long term. Federal Deposit Insurance Corp ...
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