News

  • Two big banks sued over shoddy mortgage securities by MPA

    A U.S. credit union regulator has filed a lawsuit claiming the banks sold $5.8 billion in securities to five corporate credit unions that later failed after the products lost value.

  • Congress delays HUD program by MPA

    President Obama signed an act this week that included HUD’s new budget and delayed a program that would have saved borrowers hundreds a year.

  • Servicing costs hold back credit access by MPA

    As many experts have pointed out, mortgage credit is too tight and a new report suggests the uncertainty around servicing delinquent mortgages may be to blame.

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