Tag Archives: bank regulators

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?

Matt Drudge Calls Justice Department Investigation Of S&P – ‘Payback’

I read this news story first on the front page of NYTimes.com. A couple of hours later, I checked the Drudge Report and it was the top story. The killer headline? “Payback”! The rating agencies have gotten much of the … Continue reading

Posted in mortgage, Politics | Tagged , , , , , | Comments Off on Matt Drudge Calls Justice Department Investigation Of S&P – ‘Payback’

The Mortgage Foreclosure Talks With Banks

Overwhelmed by forclosures, banks were imperfect in their processing of thousands of foreclosures. I don’t know why this is such a big deal when I don’t know of anyone who made his payments on time and got evicted. That would … Continue reading

Posted in Banks, Foreclosure, mortgage, Politics | Tagged , , , , , | Comments Off on The Mortgage Foreclosure Talks With Banks

New Mortgage Lending Rules

The housing news keeps getting worse. Prices are still falling for housing in major American cities. The number of foreclosures in 2011 is expected to exceed the number of 2010. And we have new regulations on mortgage lending to insure … Continue reading

Posted in Banks, mortgage | Tagged , , , , , | Comments Off on New Mortgage Lending Rules

Do You Still Want To Use Taxpayer Dollars To Subsidize Mortgage Modification?

I sense that these subsidy schemes are running out of money and enthusiasm. Why should we use taxpayer money to subsidize those who’ve made bad decisions and bought more house than they can afford? Whatever happened to moral hazard? If … Continue reading

Posted in Banks, Foreclosure, mortgage, Politics | Tagged , , , , , | Comments Off on Do You Still Want To Use Taxpayer Dollars To Subsidize Mortgage Modification?

Homeowners Breathing Easier

Alan Zibel writes about changes in the mortgage game. They’ve been brought about the FDIC taking over troubled banks. FDIC-controlled banks are slower to foreclose on homeowners delinquent with their mortgage payments. They are modifying mortgage deals and all they … Continue reading

Posted in fdic, Foreclosure, mortgage | Tagged , , , , , | Comments Off on Homeowners Breathing Easier

Put Recession Talk On Hold

From Barrington Research: The NBER (National Bureau of Economic Research), which is charged with determining official recessions, uses a very broad definition including a significant decline in economic activity spread across the economy, lasting more than a few months and … Continue reading

Posted in fannie mae, freddie mac | Tagged , , , , , | Comments Off on Put Recession Talk On Hold

Feds Take Over IndyMac

From the CBC: Bank regulators seized California-based mortgage lender IndyMac Bancorp Inc. on Friday afternoon after panicky depositors began withdrawing their money, leaving the institution short on cash. IndyMac customers with funds in the bank will be limited to taking … Continue reading

Posted in Banks, fdic | Tagged , , , , , | Comments Off on Feds Take Over IndyMac

Mortgage Market Repair Will Be Slow

WASHINGTON (Thomson Financial) – Repair and recovery of the U.S. mortgage markets will be a gradual process that demands both market and regulatory discipline, Federal Reserve Governor Randall Kroszner said today. ‘Greater transparency and less complexity in credit instruments will … Continue reading

Posted in Refinance | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments Off on Mortgage Market Repair Will Be Slow