Tag Archives: banks

Distressed homes selling fast

Investors are buying bank-owned and foreclosed homes before prices rise further. Continue reading

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Banks back foreclosure-to-rental

Investor groups are obtaining big loans to turn foreclosed properties into rentals. Continue reading

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HARP a cash cow for banks?

Critics accuse the largest mortgage servicers of charging HARP borrowers higher rates. Continue reading

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HARP a cash cow for banks?

Critics accuse the largest mortgage servicers of charging HARP borrowers higher rates. Continue reading

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Reports of mortgage fraud spike

The deeper the banks go to uncover faulty or fraudulent mortgage transactions conducted during the housing boom, the uglier it gets. Accounts of mortgage fraud skyrocketed by 88 percent in the second quarter of this year, according to a report from the… Continue reading

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Big banks face firing squad

The big banks are fielding a barrage of litigation and accusations for their part in the mortgage mess.
The latest salvo came from the Federal Housing Finance Agency, or FHFA, which oversees Fannie Mae and Freddie Mac. The regulator filed suit Friday … Continue reading

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