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mortgage lending

Chase Bank To Face Criminal and Civil Probes

Chase Bank To Face Criminal and Civil Probes


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It’s been nearly five years since the housing market suffered its catastrophic collapse, and new mortgage fraud charges are still being filed against the big banks responsible for most of the disastrous subprime mortgages and the widespread foreclosure abuses that followed. Bank of America has long...

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Good Leases Protect Investors

Good Leases Protect Investors


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A good lease or rental agreement is a landlord/investor’s friend. But although property owners invest time and resources in getting properties ready for occupancy and screening tenants carefully, when the time comes to seal the deal, they resort to a lease agreement form from a local office supply...

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New BofA Charges Highlight More Bank Fraud

New BofA Charges Highlight More Bank Fraud


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It’s often said that the more things change, the more they stay the same. That’s dismally true where Bank of America is concerned, as two more lawsuits filed against the banking giant this week reveal that once again, BofA and mortgage fraud go hand in hand. The latest round of legal actions were...

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Will Stagflation Derail the Recovery?

Will Stagflation Derail the Recovery?


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It was an unpleasant word when it was coined back in the seventies, and that’s still true today. But some economists fear that stagflation _- that hybrid of stagnation and inflation that raised its ugly head decades ago -- may be returning to haunt the emerging economic recovery But while the return...

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Are Fannie Mae’s Days Numbered?

Are Fannie Mae’s Days Numbered?


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It’s summer in Washington, and, as we’ve been reporting, housing reform is in the air. The bipartisan Corker-Warner bill and the Republican-backed PATH (Protecting American Taxpayers and Homeowners) Act are aiming to revamp government housing policy, and both bills are taking aim at venerable lending...

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New Bills, New Directions for Federal Housing Policy

New Bills, New Directions for Federal Housing Policy


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Capitol Hill is taking aim at housing finance reform again. With not one, but two new bills in contention for reforming the government’s role in home loans and homeowner bailouts, legislators on both sides of the aisle are competing to form a new, but not necessarily kinder and gentler policy on managing...

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Fixed Rate Mortgages: An Endangered Species?

Fixed Rate Mortgages: An Endangered Species?


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As the Federal Reserve prepares to wind down its bond buying stimulus plan, policymakers in Washington are debating proposals to make drastic changes to the whole housing finance system – changes whose impact isn't yet clearly understood. That’s why Fed Chairman Ben Bernanke recently urged lawmakers...

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The Litecoin: The Next Generation of Digital Money

The Litecoin: The Next Generation of Digital Money


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Once the edgy digital darling beloved by cybergeeks around the world, the Bitcoin has gone – well, a little too mainstream for some tastes. Eagerly traded in standard stock exchanges and used for well-publicized purchases such as in vitro fertilization, the virtual currency has taken on many of the...

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Why First Time Homebuyers Aren't Buying

Why First Time Homebuyers Aren’t Buying


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Mortgage rates are still low and the housing recovery still appears to be moving along. But in many markets around the country, fewer potential buyers are making that first step toward buying a home. Although the reasons for their absence from the housing scene are as varied as they are, the fact that...

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Interest Rates Are Rising – But So Are New Mortgages

Interest Rates Are Rising – But So Are New Mortgages


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Mortgage interest rates are still astonishingly low, even though they’ve begun to creep up from the historic low levels of a few months ago. While some housing industry watchers have worried that the rise in rates could put the brakes on the emerging housing recovery, new data reported by the Motley...

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