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Letters: What's wrong with the FHA
Re “The FHA: A home wrecker,” Opinion, Dec. 27 Edward J. Pinto, the former Fannie Mae official, fails to understand the legitimate purpose of the FHA. Low- and moderate-income families are financially stretched. They have higher default...Tags: Federal Housing Administration
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In picking Lew, Obama turns a page at Treasury
WASHINGTON (AP) — Jack Lew, President Barack Obama's nominee for treasury secretary, is a premier federal budget expert who would take the helm of the government's main agency for economic and fiscal policy just as the administration girds itself...Tags: John Kerry, Money and Monetary Policy, Jay Carney, New York University, Budgets and Budgeting
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Bank of America to pay Fannie Mae $10 billion in loan settlement
WASHINGTON -- Bank of America Corp. said Monday it had agreed to pay more than $10 billion to Fannie Mae to settle claims related to troubled mortgages sold largely by Countrywide Financial Corp. during the subprime housing boom. BofA, which acquired...
Tags: Bank of America Corp., Google+, Banking, Finance, Economy, Business and Finance
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Federal regulators prepare new mortgage rules while cleaning up faulty foreclosure issues
Six years after the housing bubble burst, federal regulators are trying to restore confidence in the nation's mortgage industry while continuing to remedy past ills. On Monday, the Office of the Comptroller of the Currency announced an $8.5 billion...
Tags: U.S. Consumer Financial Protection Bureau, Crime, Law and Justice, Foreclosures, Bank of America Corp., Office of the Comptroller of the Currency
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DEEDS: Easton Area
Easton Area deeds last updated on January 6, 2012. ---- EASTON/WILSON AREA SCHOOL DISTRICTSEASTON 0229 Ventures LLC from Capobianco Trust and Capobianco, Anthony, 20 S. Eighth St., $12,000, (11/29). Asteak, Hildy and Asteak, Alan Edward from...Tags: NVR Incorporated, Horse and Harness Racing, Federal National Mortgage Association, Finance, Economy, Business and Finance
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DEEDS: East Penn Area
East Penn Area deeds last updated on January 6, 2012. ---- EAST PENN SCHOOL DISTRICT ALBURTIS Brown, Susan J. and Brown, Warren L. from Fogel, Grace A., 226 W. Front St., $160,000, (11/13). EMMAUS Holland, Robert A. from Klicker, Owen J. and...Tags: Federal National Mortgage, Vera Cruz (Lehigh, Pennsylvania), Vera Cruz (Lancaster, Pennsylvania), Real Estate, Wilmington Trust Company
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New mortgage lending rules to limit loan options
The Consumer Financial Protection Bureau is planning a Thursday morning announcement of new lending rules that it hopes will move the mortgage market toward a sustainable middle ground, somewhere in between the free-wheeling days of no-documentation loans...
Tags: U.S. Consumer Financial Protection Bureau, Laws, Federal Reserve, Lobbying, Finance
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Consumer agency director coming to Baltimore to announce new mortgage rule
Richard Cordray, the director of the Consumer Financial Protection Bureau, is expected to announce the issuance of a pioneering federal rule Thursday that is intended to help prevent a repeat of the risky mortgage lending that led to the recent housing...
Tags: U.S. Consumer Financial Protection Bureau, Federal Reserve, Money and Monetary Policy, Finance, Economy, Business and Finance
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H.B. man arrested in mortgage fraud case
Federal authorities arrested five people Wednesday who were allegedly involved in an Orange County-based "builder bailout" mortgage fraud scheme, including one defendant from Huntington Beach, according to a press release by the Department of Justice....Tags: Crime, Law and Justice, Glen Burnie, Defendants, Prosecution, Financial and Business Services
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Housing market rebounds
Daily American Staff WriterIn four decades of banking, Henry Cook has never seen anything like it. Fueled by an aggressive buy-out from the U.S. central bank, mortgage rates across the country are falling to historic lows. The president of Somerset Trust said this means it...Tags: Inflation and Deflation, Money and Monetary Policy, Federal Reserve, Finance, Economy, Business and Finance
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Ten banks to pay $8.5 billion to settle foreclosure abuse review
WASHINGTON -- Ten of the nation's largest mortgage servicers have agreed to an $8.5-billion settlement with federal regulators to end a review of foreclosure abuses. The settlement, announced Monday, involved some of the biggest names in the financial...
Tags: SunTrust Banks Incorporated, Federal Reserve, Finance, Economy, Business and Finance, U.S. Bancorp
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Bank of America in $10B-plus mortgage settlement
CHARLOTTE, N.C. (AP) — Bank of America says it will spend more than $10 billion to settle mortgage claims resulting from the housing meltdown. Under the deal announced Monday, the bank will pay $3.6 billion to Fannie Mae and buy back $6.75 billion...
Tags: Bank of America Corp., Finance, Banking, Economy, Business and Finance, Mortgages
Dec 30, 2012
|Story| Los Angeles Times
Jan 10, 2013
|Story| Petoskey News
Jan 7, 2013
|Story| Los Angeles Times
Jan 8, 2013
|Story| Chicago Tribune
Jan 8, 2013
|Story| Allentown Morning Call
Jan 8, 2013
|Story| Allentown Morning Call
Jan 10, 2013
|Story| Chicago Tribune
Jan 10, 2013
|Story| Baltimore Sun
Jan 17, 2013
|Story| HB Independent
Dec 15, 2012
|Story| Daily American
Jan 7, 2013
|Story| Los Angeles Times
Jan 7, 2013
|Story| Petoskey News
Original site for Fannie Mae topic gallery.