Thousands of foreclosure payments going to wrong people
A major mortgage servicer is about to start handing out $1,000 checks -- as compensation for foreclosure problems borrowers never experienced. And the reasoning behind the payout highlights problems with the government's foreclosure settlem ...
Fed will likely end bond-buy stimulus in October -- Fisher
The Federal Reserve will likely finish tapering its bond-buying stimulus late this year, and may then consider raising interest rates, according to a senior Fed official
Kansas man convicted in $2.7 million scam
Prosecutors say a Kansas man and his co-conspirators defrauded lenders in the purchase of 10 properties around the Kansas City area
BOA legal bills could exceed reserves by $5bn
As it continues to weather lawsuit after lawsuit, BOA could find its reserves insufficient to pay its mounting legal bills
Florida woman sentenced in $24 million fraud
A Florida woman is looking at jail time and $415,000 in restitution for her role in a massive scam
House subpoenas CFPB officials in discrimination case
A House subcommittee has voted to issue subpoenas to officials from the Consumer Financial Protection Bureau as part of a continuing investigation into charges of discrimination at the agency
Fannie, Freddie could need $190bn in taxpayer cash if economy tanks again
Fannie Mae and Freddie Mac may need a huge infusion of taxpayer cash if the economy takes a severe tumble, according to the Federal Housing Finance Administration.
Senators urge crackdown on reverse mortgages
Two Senate Democrats are urging the Department of Housing and Urban Development to crack down on reverse mortgage servicers for what they say are abuses. But the head of an industry group says the problem is most likely not with lenders and ...
Stearns partners with nonprofit to aid homeless
Stearns Lending, the country’s No. 1 wholesale residential lender by volume, is providing funding to HomeAid America, an organization that builds and renovates housing projects for temporarily homeless families and individuals
Home ownership hits 19-year low
Home ownership has fallen to its lowest level in nearly two decades as rising prices and mortgage rates strangle demand