U.S. judge dismisses FDIC lawsuit against banks over mortgage bonds
NEW YORK, Sept 2 (Reuters) - A judge on Tuesday dismissed a lawsuit by the Federal Deposit Insurance Corporation against banks including Deutsche Bank AG and Credit Suisse Group AG over mortgage-backed securities sold before the 2008 financial crisis.
Private Investment Could Pull Those Facing Foreclosure Back From The Brink
NEW YORK (MainStreet) — When Indonesia-native Zackaria Margolang bought a Newark, N.J. house in May 2008 for $435,000, his 30-year fixed-rate mortgage through Countrywide Financial was 5.5% with a monthly payment of $3,200, including taxes and insurance.
Freddie Mac Announces Tenth Multifamily Securities Offering This Year, K-039
MCLEAN, VA--(Marketwired - Sep 2, 2014) - Freddie Mac (OTCQB: FMCC) today announced a new offering of Structured Pass-Through Certificates ("K Certificates") which are multifamily mortgage-backed securities. The company expects to issue approximately $1 ...
Bankrate: Mortgage Rates Hit 2014 Low Point
NEW YORK, Aug. 21, 2014 /PRNewswire/ -- Mortgage rates moved lower for a second consecutive week, hitting a 14-month low. The benchmark 30-year fixed mortgage rate fell to 4.24 percent, and has an average of 0.28 discount and origination points according ...
Average US 30-year mortgage rate at 4.1 percent
WASHINGTON (AP) - The average 30-year U.S. mortgage rate remained at a 52-week low of 4.10 this week. Mortgage company Freddie Mac also said Thursday that the average for a 15-year mortgage, a popular choice for people who are refinancing, rose to 3.25 ...
Ellington Financial LLC Announces Public Offering of Common Shares
About Ellington Financial LLC Ellington Financial LLC is a specialty finance company that primarily acquires and manages mortgage-related assets, including residential mortgage-backed securities, residential mortgage loans, commercial mortgage-backed ...
Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion
(Reuters) - Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday. Under the settlement with the Federal ...
BofA admits to post-crisis mortgage failures as part of settlement
NEW YORK, Aug 21 (Reuters) - Bank of America Corp has long argued to enforcement officials that it was being forced to pay for the sins of companies it acquired in the crisis, but on Thursday the bank admitted at least some of its mortgage problems ...
Angelo Mozilo Speaks: No Regrets at Countrywide
Angelo Mozilo cannot believe it. Six years after he lost control of the largest mortgage lender in the U.S., and days after news that the U.S. Attorney’s Office in Los Angeles plans to sue him, the Countrywide Financial Corp. founder is baffled by a new ...
Legacy RMBS hold upper hand over new mortgage trades
NEW YORK, Aug 28 (IFR) - RMBS left over from the wreckage of the subprime crisis are finding renewed favor with investors, siphoning off demand for new mortgage-backed instruments by offering juicier yields. Once the darlings of the market - and then later ...
Didn't find what you were looking for? Try another section above, or the all results section.
Copyright © 2014 Microsoft. All rights reserved.