Tag Archives: biggest banks

Will Banks, Pols Reach A Settlement Over Robo-Signings?

There’s still no deal by the banks to settle claims against them for improper paperwork processing on mortgage foreclosures. There is a way now for those who believe they were wrongfully foreclosed on to state their case. All the biggest … Continue reading

Posted in Banks, Foreclosure, mortgage | Tagged , , , , , | Comments Off on Will Banks, Pols Reach A Settlement Over Robo-Signings?

Biggest Banks Cheating Veterans?

As if America’s biggest banks did not have enough to worry about. Now there’s a damaging Washington Post article containing serious allegations that the country’s biggest banks have been cheating veterans. A lawsuit alleges that the big banks hid illegal … Continue reading

Posted in mortgage | Tagged , , , , , | Comments Off on Biggest Banks Cheating Veterans?

Banks Unable To Handle Surge In Refinancing

Mortgage interest rates are near record lows, sparking a rush to refinance. Banks are keeping their interest rates a little higher than market conditions would seem to dictate. Why? Because banks have laid off thousands of staffers and are unable … Continue reading

Posted in Banks, mortgage, Refinance | Tagged , , , , , | Comments Off on Banks Unable To Handle Surge In Refinancing

U.S. About To Sue The Big Banks

The federal agency that oversees Fannie Mae and Freddie Mac is about to sue America’s biggest banks, accusing them of misrepresenting mortgages they sold to Fannie and Freddie. Whether this suit has merit or not, it is further downward pressure … Continue reading

Posted in Banks, fannie mae, Foreclosure, freddie mac, mortgage, Politics | Tagged , , , , , | Comments Off on U.S. About To Sue The Big Banks

Bad Mortgages Hold Down Bank Stocks

As long as bank stocks are in the toilet, banks aren’t going to have much money to lend out. Currently, it is hard to sell bonds backed by mortgages. As long as this market remains small, the funds available for … Continue reading

Posted in Banks, mortgage | Tagged , , , , , | Comments Off on Bad Mortgages Hold Down Bank Stocks

Foreclosure Settlement Talks With Big Banks

Flooded by foreclosures, America’s biggest banks were imperfect in their processing of mortgage defaults. To punish the banks and to accumulate a nice slushfund to bribe voters, Democrat politicians want to extract about $20 billion from the banks. As a … Continue reading

Posted in Banks, mortgage, Politics | Tagged , , , , , | Comments Off on Foreclosure Settlement Talks With Big Banks

It’s Going To Be Hard To Forget 2009

Sure, the Dow Jones average made a nice gain on the year. Inflation stayed under control. The rest of the economic news? Grim. Banks believe they have a handle on things and don’t seem eager to participate in the U.S. … Continue reading

Posted in Banks, Foreclosure, Politics | Tagged , , , , , | Comments Off on It’s Going To Be Hard To Forget 2009

Let’s Hope Nationalizing Of Banks Is Temporary

Jonah Goldberg writes: ‘There’s nothing so permanent,” Milton Friedman famously said, “as a temporary government program.” Let’s hope that the partial nationalization of America’s banking system isn’t equally “temporary.” In a dramatic meeting Monday between Treasury Secretary Hank Paulson, Federal … Continue reading

Posted in Banks | Tagged , , , , , | Comments Off on Let’s Hope Nationalizing Of Banks Is Temporary

British Bank Rescue

From Australia: Hank Paulson’s a wimp. Alistair Darling, Britain’s Chancellor of the Exchequer, has shown him what a real bailout looks like, throwing £500 billion worth of support, including up to £50 billion of taxpayer-sourced equity, at the UK banking … Continue reading

Posted in Britain | Tagged , , , , , | Comments Off on British Bank Rescue

Aussies Suffering From Mortage Stress

From ABC: New figures show mortgage stress is now a problem for a higher proportion of regional home owners than city dwellers. Figures from the Mortgage and Finance Association show about 40 per cent of people living in regional Australia … Continue reading

Posted in Australia | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Aussies Suffering From Mortage Stress