Stories Related to Mortgage Firms Asked To Modify More Loans

WSJ.com: What's News US, Wall Street Journal
Thu, 07/09/2009 - 9:12pm

The Obama administration is pressing mortgage-servicing companies to step up their efforts to modify troubled loans under its housing-rescue program.

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Portman among 47 GOP senators to sign letter to Iran
WASHINGTON — In a move Democrats denounced as trying to sabotage the Obama administration’s foreign policy, Sen. Rob Portman and 46 other Senate Republicans yesterday warned Iran’s leadership that any agreement to limit Tehran’s apparent efforts to build a nuclear bomb would need Senate approval to stay in effect beyond 2016. More
Banks Revive Risky Loans and Mortgages
Investments that were vulnerable in the last financial crisis and believed to be gone for good have largely escaped new rules that were made to prevent another crisis. More
US declines to label China currency manipulator
The Obama administration has declined to label China a currency manipulator, although it says China's currency remains significantly undervalued. More
Fannie earns $17.2B in 2012, biggest annual gain
Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, helped by a record fourth quarter. More
Judge questions fairness of Citigroup $590 million settlement
A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets. More

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Best Mortgage Lenders Of June 2024
Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants ...
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Potential buyers who have been waiting for home prices and mortgage rates to ease a bit are being rewarded. A report by real estate broker Redfin shows hom… ...
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Mortgage Rates Could Be Heading for a Drop
The 10-year treasury yield, which mortgage rates tend to follow, fell on the news of cooling inflation, which economists suggest could spur a decline in borrowing costs. "Absolutely possible.
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Best VA Mortgage Lenders Of June 2024
With over two years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed decisions ...
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