(Source: NCPA) – Almost 40 percent of homeowners who took out second mortgages are underwater on their loans, more than twice the rate of owners who didn’t take out such loans. The finding, in a report released by real estate [...]
(Source: Seeking Alpha by: Tim Iacono) – I’m a little late getting to this WSJ story about the Corelogic report on negative home equity and what often follows it – a short sale. But, it seemed worthwhile to bring it [...]
(Source: The Wall Street Journal) – Commercial-banking chief Maclin, top international executive Miller expected to step down soon – sources.
(Source: Bloomberg By Karen Freifeld) – JPMorgan Chase & Co. (JPM), UBS AG (UBSN) and Deutsche Bank AG (DBK) are being investigated as part of New York Attorney General Eric Schneiderman’s expanded probe of mortgage securitization, according to a person [...]
WASHINGTON (Source: the Wall Street Journal) – The mortgage industry faces a “tsunami” of regulations that could dramatically alter the business in the coming years, a top U.S. regulator said Thursday.
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