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17 January 2011
Acknowledging that it "made mistakes" in servicing mortgages taken out by military personnel, JP Morgan Chase & Co.has said it refund approximately $2 million to service members who were overcharged on their home loans.
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4 January 2011
Mortgage company failures declined markedly in 2010, although closings of banks and credit units trended upward, according to a new report.
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29 December 2010
New lending rules would weaken consumer protections against predatory lending by allowing creditors to avoid penalties for misstating the real costs of mortgages, a leading consumer advocacy group contends.
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29 November 2010
If you need a mortgage or are looking to arrange a loan modification, there are fewer people working in the mortgage industry who might assist you than there were a few months ago.
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17 November 2010
The "robo-signing" foreclosure documentation scandal could make it easier for financially distressed homeowners to get a loan modification - if it doesn't throw a wrench into the entire process first.
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1 November 2010
When you're applying for a mortgage refinance, there are many things that you can't control, like the underwriters' decision, the length of time your application will be stuck in a mortgage lender's pipeline, and the amount of money the appraisal says that your home is worth.
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20 October 2010
A federal task force is reported to be looking into whether mortgage companies may have committed fraud or violated other federal laws by falsifying documentation used in home foreclosures. .
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