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Home Mortgage Loans Newshome mortgage loansNov. 22 (Bloomberg) -- The U.S. government may step in to rescue Citigroup Inc. after a crisis in confidence erased half the bank’s stock-market value in three days, according to investors and analysts. Citigroup’s $2 trillion of assets dwarfs ... Read moreCitigroup May End Up With Government Rescue After Stock Skids - BloombergWASHINGTON — Think of them as the walking wounded: The homeowners who are upside down on their mortgages, owing much more than their home is now worth. But they’re still on their feet and still sending their payments each month. In this credit ... Read moreUnderwater, many homeowners struggle to pay loans - Providence JournalNEW YORK (AP) -- In all the finger-pointing about the credit crisis, there's one unusual suspect: an accounting standard. Critics say the standard called "mark to market," or "fair value," is one cause of the nation's financial woes. Others contend ... Read moreMeltdown 101: What is mark to market accounting? - Associated PressNEW YORK (AP) -- Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses. CEO Vikram Pandit told managers earlier in the day he opposes breaking up the ... Read morePressure on Citigroup builds, shares fall below $4 - Associated PressA Carl Junction man is among a half-dozen people named in a 55-count federal indictment charging mortgage fraud. Steven Ray Spencer, 47, was indicted Thursday for his alleged role in a scheme to defraud home mortgage lenders in Christian and Greene ... Read moreMortgage-fraud scheme alleged in court documents - Joplin GlobeGMAC said the change in status would shore up its capital position and help it to continue to provide automotive and mortgage financing. GMAC is majority owned by New York-based private equity firm Cerberus Capital Management LP, which also owns most ... Read moreGMAC move may trigger aid - Jackson Clarion-LedgerNov. 15 (Bloomberg) -- Chinese banks face rising bad loans and narrowing profit margins as the central bank cuts interest rates to boost expansion in the world's fourth-largest economy, the banking regulator said. Lenders may suffer further losses on ... Read moreChinese Banks Face Rising Bad Loans, Narrower Margins (Update1) - BloombergThe number of landlords falling behind on their mortgage repayments has soared by 50% as the buy-to-let boom turns to bust. According to Council of Mortgage Lenders (CML) data, the arrears rate in the buy-to-let sector was 1.58%, exceeding the whole ... Read moreBuy-to-let arrears rate rockets 50% - AnanovaFederal regulators seized Downey Savings & Loan and PFF Bank & Trust late Friday, saying hundreds of millions of dollars in bad loans from the housing bubble had rendered the Southern California banking fixtures unsound. Government officials said the ... Read moreDowney Savings, PFF Bank seized by federal regulators - Los Angeles TimesWASHINGTON— Federal regulators on Friday shut down two big thrifts based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in ... Read more |
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