Sep 12th 2011 5:35PM
Closings and beginnings... Whatever happened to a romantic evening under the stars as the logical setting to pop the question? Chase Bank mortgage officer Greg Valentino was working on the title paperwork with a couple of homebuyers in Columbus, Ohio, when he asked them if he should list the owners as "single man" and... Continue Reading »
May 12th 2011 10:30AM
A new survey reveals that more than half of homebuyers today don't know what the Good Faith Estimate is actually good for - namely, to shop around for the cheapest mortgage loans on the market. In a survey released by ING Direct on Wednesday, 56 percent of respondents did not use the GFE to compare lenders' associated... Continue Reading »
May 11th 2011 1:15PM
The nation's five largest mortgage lenders may be forced to reduce loan balances for distressed homeowners as part of an agreement with state attorneys general and the Obama administration to settle claims of faulty mortgage practices, a top state official involved in the negotiations said Tuesday. The proposal is part of... Continue Reading »
Apr 14th 2011 1:32PM
Federal bank regulators are going easy on the nation's 14 largest mortgage firms, despite a stern order for those firms to compensate homeowners whose residences were improperly foreclosed upon. In their decision, federal agencies detailed goals for reform at the penalized lenders, but the banks are being permitted to... Continue Reading »
Apr 13th 2011 3:30PM
The federal government has ordered 16 mortgage servicers and lenders to reimburse homeowners whose property was wrongfully foreclosed on. Citibank, Bank of America, JPMorgan Chase and Wells Fargo, the four largest banks in America, were among the servicers cited. Read the full story at Daily Finance. Continue Reading »
