Running Robo-Settlement Numbers
A potential $25 billion settlement between the nation’s four largest banks and the 50 state attorneys general over faulty foreclosure processing is imminent.
New Financial Crimes Unit Could Throw Wrench in ‘Robo’ Settlement
President Obama announced he was ordering the U.S. Attorney General to create a “Financial Crimes Unit,” its number one task being to go after the banks for faulty mortgage originations and securitizations.
Bulk Foreclosure Sales Could Cause Bigger Bank Write-Downs
As government, federal regulators and big-money private investors try to figure out a plan for bulk sales of foreclosed properties, big banks are already making deals, but they are few and far between.
Home Buyers Could Pay for Payroll-Tax Cut
At face value, it seems like an easy, albeit creative way to pay for the extension of the payroll tax cut. Raise the fees that banks pay mortgage giants Fannie Mae and Freddie Mac to guarantee home loans.
Mortgage Modifications Wind Down As Foreclosures Heat Up
Mortgage modifications under the government’s bailout program, permanent and trials, and as well as proprietary modifications made by the big banks continue to fall and are falling at an increasing clip.
Fannie, Freddie Vs. Big Banks: Housing Gets Hurt
At face value, the lawsuit makes sense; the role of the FHFA is to limit losses to Fannie and Freddie.
Should Everyone Get Bonus For Paying Mortgage On Time?
As home values continue to fall and more borrowers fall into a negative equity position on their home loans, those who stand to lose, banks and investors, are working to keep borrowers current.
New Push to Unload Bank-Owned Properties Squeezes Out Investors
As big banks and Fannie Mae and Freddie Mac spacer push foreclosures through the pipeline, the inventory of REO (bank-owned) properties is rising. That pushes distressed and overall home prices down.
Falling Home Prices Hit Big Banks, Fannie, Freddie
Keeping your fingers crossed for the housing market is just the tip of the iceberg. Prices have now fallen, on the S&P/Case Shiller Index, more than they did during the Great Depression.
Commercial Real Estate Clouded by Delinquencies
Barely a few minutes after reading an article in the Wall Street Journal about banks finally opening the “spigot for commercial real-estate,” the folks over at Trepp issued their monthly report on the delinquency rate for commercial mortgage backed sec…
keep looking »