The Treasury’s efforts to jump-start the housing market led to a surge in mortgage refinancing activity, and officials are considering new ways to entice buyers.
The Treasury’s efforts to jump-start the housing market led to a surge in mortgage refinancing activity, and officials are considering new ways to entice buyers.
A hedge fund sued the Countrywide Financial Corporation, demanding that it compensate holders of some securities backed by mortgages if the terms were changed.
A hedge fund sued the Countrywide Financial Corporation, demanding that it compensate holders of some securities backed by mortgages if the terms were changed.
Ms. Dungey wrote under the pseudonym Tanta for Calculated Risk, the finance and economics blog.
Lenders are asking that anyone with a debt-to-income ratio exceeding 38 percent contact the company that sends the borrower’s monthly mortgage bill.
After the housing bubble burst, a struggle is now emerging over how Realogy’s unfortunate lenders should be treated.
The federal government made two big moves to help consumers, but some people are ineligible while others will have to wait months before the benefits trickle down.
Mortgage lenders determined to stave off additional losses are demanding more thorough home appraisals and carefully reviewing valuation figures.
The bond insurer said that it had reached an agreement with counterparties to terminate $3.5 billion of its exposures to risky mortgage-backed debt, which would improve its capital position.