Outlook for U.S. mortgage settlement: partly cloudy – Reuters
(Reuters) – The outlook for securing a broad mortgage settlement that would bring housing relief nationwide has clouded, as California on Wednesday said the latest proposal is inadequate and New York was tapped to help lead a separate mortgage …
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NEW YORK (Reuters) – Major policy shifts on treatment of defaults in mortgage-backed securities by Fannie Mae and Freddie Mac may lead investors to demand higher yields in months ahead, pushing rates upward for consumers. Investors on Thursday were … Go to Source…
Dec. 29 (Bloomberg) — Nicolas Retsinas, director of housing studies at Harvard University, talks with Bloomberg’s Betty Liu about the outlook for the US housing market.¶ Retsinas says the planned withdrawal of government support for the US housing market may drive mortgage rates up. (Source: Bloomberg) Go to Source…
(Reuters) – California and New York, two big holdout states in a $25 billion mortgage settlement, are expected to join the deal, smoothing the way for an announcement on Thursday, according to a person familiar with the matter. Florida, with its … Go to Source…
NEW YORK (Reuters) – By suing 131 individuals in its effort to recover losses on $200 billion of mortgage debt that went sour, the federal agency overseeing mortgage giants Fannie Mae and Freddie Mac is doing one thing that the U.S. government … Go to Source…
Nicolas Retsinas, director of housing studies at Harvard University, talks with Bloomberg’s Betty Liu about the outlook for the U.S. housing market. Go to Source…
“I’m not sure about a national moratorium,” Axelrod told CBS television. “Our hope is that this moves rapidly and that this gets unwound very, very quickly.” Federal Housing Administration Commissioner David Stevens told Reuters the administration does not bel Go to Source…
NEW YORK—Applications for U.S. home mortgages slumped last week as bankers recorded the slowest refinancing activity in more than a year, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage … Go to Source…
WASHINGTON, Jan 25 (Reuters) – The Federal Housing Administration on Monday said it disbarred four lenders from its loan guarantee program and suspended a fifth, as the Obama administration steps up its enforcement of mortgage irregularities. The FHA … Go to Source…
BANGALORE (Reuters) – Everything seems to be going downhill for U.S. mortgage insurers. For some, the wounds inflicted by the housing crisis may prove fatal, and those that soldier on may be barred from writing new insurance as they hold too much risk … Go to Source…
Jeana Curro, director of mortgage strategy at UBS Securities, talks with Bloomberg’s Lori Rothman about the outlook for U.S. mortgage rates after the Federal Reserve ends its purchases of agency mortgage-backed securities on Feb. 1. Curro also discusses the outlook for the mortgage-bond market. Bloomberg’s Brian Luke also speaks. Go to Source…
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