Around The Web - Mortgage News Daily

Place your ad here

Select a Date

Use the calendar to view news headlines from a specific date.

Today | Yesterday | Random

No Big Spring Bounce for Housing Starts; Rates Higher Today, but Still Near Recent Lows; Mortgage Apps Improve

Published: 4/16/2014

VIEW | SUBSCRIBE | ARCHIVE

Suggest a Story

Paste the URL of the story below to submit for editorial review and possible inclusion in ATW.

Please add 7 and 6 and type the answer here:

Leave this field blank.

RSS

View All RSS Feeds

Around The Web » 3/27/2013

Home » News Headlines » Around The Web Home

What is Around the Web?

It is a continuously updated stream of news from around the web
Visit throughout the day for the latest breaking news.

» Click any link below to read more.

Wed, Mar 27 2013
10:17 PM » Your House Is An Undiversified Bond Investment
Published Wed, Mar 27 2013 10:17 PM by The Basis Point
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Is buying a home really a good investment? Here's some historical perspective.

Click Here to Read the Full Article

Source: The Basis Point
10:11 PM » Great Recession Creates 'The New Homeless'
Published Wed, Mar 27 2013 10:11 PM by The Huffington Post
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
In the Denver suburbs, as in much of the U.S., the Great Recession turned formerly stable families into the new homeless-and left many living in budget hotels.

Click Here to Read the Full Article

Source: The Huffington Post
10:10 PM » Flock of Doves Back Fed Bond Buying
Published Wed, Mar 27 2013 10:10 PM by WSJ
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Several Fed officials rallied around Bernanke's plan to press ahead with the $85-billion-a-month bond-buying effort, although two said that the U.S. economy may soon be healthy enough to slow the pace of those purchases.

Click Here to Read the Full Article

Source: WSJ
5:49 PM » Banks seek U.S. appeals court intervention in FHFA lawsuits
Published Wed, Mar 27 2013 5:49 PM by Reuters
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
NEW YORK (Reuters) - Fifteen major banks sued by the Federal Housing Finance Agency over risky housing debt urged a federal appeals court on Wednesday to intervene, citing "gravely prejudicial" rulings by the trial judge coordinating the litigation.

Click Here to Read the Full Article

Source: Reuters
5:48 PM » BofA Said to Ask Mortgage-Bond Buyers to Take Debt in Packages
Published Wed, Mar 27 2013 5:48 PM by Business Week
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
BofA Said to Ask Mortgage-Bond Buyers to Take Debt in Packages Businessweek Investors seeking to buy higher yielding, riskier slices of home-loan bonds sold yesterday by EverBank Financial Corp. (EVER) were told they'd have a better shot if they also purchased some of the AAA rated classes, showing weaker demand for the ...

Click Here to Read the Full Article

Source: Business Week
2:49 PM » Evans Says Fed Bond Buying Should Continue Through End of 2013 - Businessweek
Published Wed, Mar 27 2013 2:49 PM by Business Week
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Evans Says Fed Bond Buying Should Continue Through End of 2013 Businessweek Federal Reserve Bank of Chicago President Charles Evans said stimulus must continue "firing on all cylinders" until achieving sustained job growth, adding that he expects the Fed will keep buying assets at a pace of about $85 billion per month throughout ...

Click Here to Read the Full Article

Source: Business Week
2:02 PM » New York Fed's Potter Says Latest Round of QE More Transparent
Published Wed, Mar 27 2013 2:02 PM by Business Week
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
New York Fed's Potter Says Latest Round of QE More Transparent Businessweek Investors should be able to update their expectations for monetary policy more frequently now that the Federal Open Market Committee has linked its asset purchases to economic conditions, said Simon Potter, executive vice president at the Federal Reserve ...

Click Here to Read the Full Article

Source: Business Week
2:01 PM » Fed's Kocherlakota Says 6.5% Unemployment Is No Rates 'Trigger'
Published Wed, Mar 27 2013 2:01 PM by Business Week
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Fed's Kocherlakota Says 6.5% Unemployment Is No Rates 'Trigger' Businessweek Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the Federal Open Market Committee may choose not to raise the main interest rate when the jobless rate falls below 6.5 percent. "The unemployment rate threshold is not a trigger ...

Click Here to Read the Full Article

Source: Business Week
2:01 PM » Fed Policy Not Loose Enough: Official
Published Wed, Mar 27 2013 2:01 PM by CNBC
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Modest U.S. growth will keep inflation in check and means the Federal Reserve should ease monetary policy further, a senior U.S. central banker said on Wednesday.

Click Here to Read the Full Article

Source: CNBC
1:57 PM » Potter: The Implementation of Current Asset Purchases
Published Wed, Mar 27 2013 1:57 PM by NY Fed
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Remarks at the Forecasters Club, New York City

Click Here to Read the Full Article

Source: NY Fed
12:44 PM » Fed's buying half of MBS issuance: official
Published Wed, Mar 27 2013 12:44 PM by Market Watch
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
WASHINGTON (MarketWatch) -- The Federal Reserve is buying about half of the gross issuance of mortgage-backed securities and a quarter of the monthly gross issuance of coupon Treasury securities, according to Simon Potter, executive vice president at the New York Fed. In a speech to the Forecasters Club of New York, Potter says the MBS purchases are down from about two-thirds from the MBS buys the Fed made in 2009. Potter said the Fed operations are going smoothly and market liquidity is holding up well. He also said there's large uncertainty in primary dealer expectations on the Fed's portfolio by the end of 2014, with the difference in expectations being around $500 billion.

Click Here to Read the Full Article

Source: Market Watch
12:44 PM » Fed's Pianalto: Scaling back QE could come soon
Published Wed, Mar 27 2013 12:44 PM by Market Watch
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
WASHINGTON (MarketWatch) - Economic conditions could emerge "before long" that would allow the Federal Reserve to slow the pace of its $85 billion-a-month asset purchase program, said Sandra Pianalto, president of the Cleveland Federal Reserve Bank, on Wednesday. In a speech to the CFA Society in Cleveland, Pianalto said that the economy appears to be on a steady growth path and the potential risks of the asset purchases "appear manageable" at the moment. "I would regard a slowing in the pace of asset purchases to be a welcome direction for monetary policy, if it resulted from a significant improvement in the outlook for labor market conditions," Pianalto said.

Click Here to Read the Full Article

Source: Market Watch
12:42 PM » Rosengren: Monetary Policy and Financial Stability
Published Wed, Mar 27 2013 12:42 PM by Boston Fed
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Remarks to the The Business and Industry Association of New Hampshire and the New Hampshire Bankers Association

Click Here to Read the Full Article

Source: Boston Fed
12:16 PM » Fannie Mae Regulator Sets No-Doc Modifications to Help Borrowers
Published Wed, Mar 27 2013 12:16 PM by Business Week
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Fannie Mae Regulator Sets No-Doc Modifications to Help Borrowers Businessweek Seriously delinquent borrowers with mortgages owned or backed by Fannie Mae and Freddie Mac (FMCC) will be able to reduce monthly payments without documenting finances under a new program introduced by the companies' regulator. The move ... and more »

Click Here to Read the Full Article

Source: Business Week
12:09 PM » Fed's Rosengren plays down asset bubble risk, says QE3 working
Published Wed, Mar 27 2013 12:09 PM by Reuters
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
MANCHESTER, New Hampshire (Reuters) - There is "little evidence" Federal Reserve bond purchases have caused financial instability and since the measures are working, they ought be continued for the rest of 2013, a senior central banker said on Wednesday.

Click Here to Read the Full Article

Source: Reuters
12:09 PM » Foreclosure specialist indicted over kickbacks
Published Wed, Mar 27 2013 12:09 PM by Business Week
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Foreclosure specialist indicted over kickbacks Businessweek LOS ANGELES (AP) - Federal prosecutors say a former Orange County foreclosure specialist for Fannie Mae has been named in a grand jury indictment saying he took kickbacks from a real estate broker in exchange for granting him properties to sell. and more »

Click Here to Read the Full Article

Source: Business Week
12:08 PM » Cyprus Controls to Hit Foreign Transactions
Published Wed, Mar 27 2013 12:08 PM by CNBC
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Cyprus is to impose a ban on cashing checks and limit the amount of cash that can be taken out of the country under a series of measures to avert a run on the country's crippled banks, a Greek newspaper reported on Wednesday.

Click Here to Read the Full Article

Source: CNBC
10:54 AM » FHFA Announces New Streamlined Modification Initiative
Published Wed, Mar 27 2013 10:54 AM by FHFA
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
March 27, 2013: FHFA Announces New Streamlined Modification Initiative

Click Here to Read the Full Article

Source: FHFA
10:52 AM » OCC Reports on Mortgage Performance for Fourth Quarter
Published Wed, Mar 27 2013 10:52 AM by OCC
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
The overall quality of first-lien mortgages serviced by large national and federal savings banks improved from the prior quarter and from the same period a year ago according to a report released today by the Office of the Comptroller of the Currency (OCC).

Click Here to Read the Full Article

Source: OCC
10:52 AM » Freddie Mac Streamlined Modification for Delinquent Borrowers to Start July 1, 2013
Published Wed, Mar 27 2013 10:52 AM by freddiemac.mwnewsroom.com
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Freddie Mac Streamlined Modification for Delinquent Borrowers to Start July 1, 2013

Click Here to Read the Full Article

Source: freddiemac.mwnewsroom.com
10:48 AM » Deep Freeze: Home Sales to Barely Budge in Spring
Published Wed, Mar 27 2013 10:48 AM by CNBC
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
The housing market will be sluggish at the start of Spring, as fewer buyers signed contracts to purchase existing homes in February. Realtors still say a lack of supply is keeping many potential buyers away.

Click Here to Read the Full Article

Source: CNBC
9:32 AM » Mortgage Applications Rebounded Last Week
Published Wed, Mar 27 2013 9:32 AM by CNBC
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Applications for U.S. home mortgages rebounded last week as interest rates pulled back for the first time in three weeks.

Click Here to Read the Full Article

Source: CNBC
9:31 AM » Fannie Mae and Freddie Mac Help 2.7 Million with Foreclosure Prevention Actions
Published Wed, Mar 27 2013 9:31 AM by FHFA
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
March 27, 2013: Fannie Mae and Freddie Mac Help 2.7 Million with Foreclosure Prevention Actions

Click Here to Read the Full Article

Source: FHFA
9:29 AM » US Stocks Seen Lower on Cyprus Fears
Published Wed, Mar 27 2013 9:29 AM by CNBC
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
U.S. stock index futures indicated a lower open on Wednesday, with upward momentum from Tuesday's upbeat U.S. housing data pared by renewed euro zone fears focused on Cyprus.

Click Here to Read the Full Article

Source: CNBC
9:26 AM » Freddie Mac Issues Monthly Volume Summary for February 2013
Published Wed, Mar 27 2013 9:26 AM by freddiemac.mwnewsroom.com
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Freddie Mac Issues Monthly Volume Summary for February 2013

Click Here to Read the Full Article

Source: freddiemac.mwnewsroom.com
1:27 AM » Housing Agencies Exempt From Transfer Taxes, Judge Rules
Published Wed, Mar 27 2013 1:27 AM by Bloomberg
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Housing Agencies Exempt From Transfer Taxes, Judge Rules Bloomberg The Federal National Mortgage Association (FNMA), or Fannie Mae, and the Federal Home Loan Mortgage Corp. (FMCC) are exempt from paying real estate transfer taxes, a federal judge in Philadelphia ruled, throwing out a lawsuit by two Pennsylvania ... and more »

Click Here to Read the Full Article

Source: Bloomberg
1:23 AM » Moynihan Says He'd Like to Be BofA Chief Rest of His Life
Published Wed, Mar 27 2013 1:23 AM by Business Week
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Moynihan Says He'd Like to Be BofA Chief Rest of His Life Businessweek Brian T. Moynihan, who endured record losses and public thrashings while cleaning up Bank of America Corp. (BAC)'s mortgage mess, said he wouldn't mind being chief executive officer of the lender forever. "It's the best job there is," Moynihan said ...

Click Here to Read the Full Article

Source: Business Week
1:23 AM » Regulators Review Costs of Force-Placed Insurance
Published Wed, Mar 27 2013 1:23 AM by www.nytimes.com
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
A widespread practice by lenders of buying often-costly insurance for mortgaged property and billing the owner is under scrutiny.

Click Here to Read the Full Article

Source: www.nytimes.com
1:23 AM » Royal Bank of Scotland Sued Over Mortgage Securities
Published Wed, Mar 27 2013 1:23 AM by Business Week
- Email Link
- Share
  
         Facebook
  
         Twitter
  
         LinkedIn
  
         Digg
  
         Google Plus
  
         StumbleUpon
  
         del.icio.us
  
         MySpace
  
         Yahoo! Buzz
- Subscribe ↓ More
  
  Subscribe ↓ More
  
  Email
  
  Daily Newsletter
  
  View All Email Options
  
  RSS
  
  All Headlines
  
  Video
  
  Around The Web
  
  View All RSS Feeds
Royal Bank of Scotland Sued Over Mortgage Securities Businessweek Royal Bank of Scotland Group Plc, Britain's biggest taxpayer-owned lender, was sued by a bond insurer over what it claims was the bank's sale of $1.15 billion of securities backed by "thousands of defective and fraudulently originated" home loans.

Click Here to Read the Full Article

Source: Business Week

More From MND