Subprime Mortgages

Type: Keyphrase
Name: Subprime Mortgages
First reported 17 mins ago - Updated 17 mins ago - 1 reports

Major mortgage servicer accused of abuses

An investigation finds Ocwen Financial, the nation's largest servicer of subprime loans, committed a series of serious missteps ... [Published Latest Econwatch Headlines - CBS News - 17 mins ago]
First reported 4 hours ago - Updated 59 mins ago - 5 reports

Subprime Bubble Pop 2.0? Department Of Financial Services Slams America's Largest Subprime Servicer

Once upon a time, in the distant 2005 and 2006, the world just couldn't get enough of such subprime mortgage superstars as New Century Financial. In fact, some may have forgotten, but none other than David Einhorn was a director of New Century until March ... [Published Zero Hedge - 3 hours ago]
First reported 2 hours ago - Updated 2 hours ago - 1 reports

Obama's latest plan to boost the economy? Bring back subprime mortgages

They won't put it this way, of course, but the Obama administration is looking for a return to a more Bush-like approach to regulating the mortgage industry as a way to boost the economy — and it might work. A burst of federal spending or a broad-based ... [Published VOX.com - 2 hours ago]
First reported 10 hours ago - Updated 4 hours ago - 1 reports

Easier To Get A Mortgage Thanks To New Regulations

More Americans will be able to qualify for a mortgage due to an agreement reached with Fannie Mae and Freddie Mac with national lenders. The agreement will make it less riskier for lenders to provide loans to consumers with less than perfect credit and ... [Published Realty Times - 10 hours ago]
First reported 5 hours ago - Updated 5 hours ago - 1 reports

KeyBanc Dealer Survey: More Used Turns But Softer Grosses

Jump to navigationGET YOUR FREESUBSCRIPTION! Tuesday, Oct. 21, 2014, 10:20 AM UPDATED 11:10 AMCLEVELAND -Dealers who participated in KeyBanc Capital Markets’ monthly automotive retail industry update survey gave some candid comments about their used-vehicle ... [Published Auto Remarketing - 5 hours ago]
First reported 5 hours ago - Updated 5 hours ago - 2 reports

Lingering effects of subprime crisis in rural US

Many rural residents jumped to get subprime loans at initial affordable terms during the mid-2000s, only to have fortunes disappear as housing boom turned to bust. ... [Published Wall Street Business Network - 5 hours ago]
First reported 10 hours ago - Updated 10 hours ago - 1 reports

Ally Should Rise On Reduced Government Stake

Ally Financial, the former financial unit of GM, has succeeded in excavating 62.6% of its stake from the US TreasuryPage 1 of 2Published: October 21, 2014 at 7:02 am EST By: Troy Kuhn Click Ticker to See live coverageThe six-year struggle for Ally Financial ... [Published Bidness Etc - 10 hours ago]
First reported 20 hours ago - Updated 20 hours ago - 1 reports

PTSB agrees sale of subprime mortgages

Permanent TSB is believed to have agreed the sale of its Springboard subprime mortgage book to Mars Capital Ireland, a British business that specialises in mortgage servicing.An announcement on the deal is expected later this week following a sale process ... [Published Irish Times - 20 hours ago]
First reported Oct 20 2014 - Updated Oct 20 2014 - 2 reports

Fitch Affirms Wells Fargo's Primary Resi Servicer Ratings

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the following U.S. residential primary servicer ratings for Wells Fargo Home Mortgage (WFHM), a division of Wells Fargo Bank, N.A., --Residential primary servicer rating for Prime product at 'RPS1-' ... [Published Business Wire Professional Services News - Oct 20 2014]
First reported Oct 20 2014 - Updated Oct 20 2014 - 1 reports

SubPrime Auto Finance Executive of the Year Winner Named

Monday, Oct. 20, 2014, 11:27 AM UPDATED 11:36 AMCARY, N.C. -SubPrime Auto Finance News has revealed the recipient of this year’s SubPrime Auto Finance Executive of the Year award, an honor sponsored by Black Book Lender Solutions.The accolade is going ... [Published Auto Remarketing - Oct 20 2014]
First reported Oct 20 2014 - Updated Oct 20 2014 - 1 reports

Zombie Ideas That Keep on Losing

We are in the business of making mistakes. The only difference between the winners and the losers is that the winners make small mistakes, while the losers make big mistakes. --Ned DavisI began my career in finance on a trading desk. You learn some things ... [Published Bloomberg View - Oct 20 2014]
First reported Oct 19 2014 - Updated Oct 19 2014 - 2 reports

US regulators press banks for more on auto loan exposure to assess risks

NEW YORK: US regulators are asking banks for more detail on their autos financing exposure, as rapid growth in the lending has prompted officials to seek to better assess the risks, according to a person familiar with the matter.Balances remaining on ... [Published Daily Times - Oct 19 2014]

Quotes

...a home," remarked Jay Madary CEO of JVM Realty Corporation, a Chicago area privately held multi-family investment and property management company, "many Americans now consider renting upscale apartments because they can get amenities they may not otherwise find in a home within their price range. They can have granite countertops, high ceilings, walk in closets, as well as access to private fitness centers and resort style pools and gathering areas." If they purchased a pre-owned home, chances are that it will be far older than an upscale apartment and if they wish to upgrade to those modern amenities...
...But there is an exception for cases of fraud, an exception that's  cost banks billions during recent litigation. Watt said he will be "setting a minimum number of loans that must be identified with misrepresentations or data inaccuracies to trigger the life-of-loan exclusion." In other words, a small number of fishy loans will be written off as just an innocent mistake...
" Ocwen regrets that, due to software errors in our correspondence systems, we inadvertently sent improperly dated letters to some borrowers . As always, our goal is to avoid foreclosure. In the case of the 283 borrowers in New York who received letters with incorrect dates, 281 are currently borrowers with us. We are continuing to review the rest of the cases. We believe that we have resolved the letter dating issues that have been identified to date, and we continue our investigation as to whether there are additional letter dating issues that need to be resolved. We are working with and fully cooperating with DFS and the Monitor to address their concerns."
"A little pressure in prices, but no real push on our inventory position" another dealer added

More Content

All (1451) | News (891) | Reports (0) | Blogs (551) | Audio/Video (0) | Fact Sheets (4) | Press Releases (5)
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Major mortgage servicer accused of abuses [Published Latest Econwatch Headlines - CBS News - 17 mins ago]
Glass-Steagall and the Florida land boom [Published Leesburg Daily Commercial - 41 mins ago]
Hot New Real Estate Trend [Published Huffington Post - 2 hours ago]
Obama's latest plan to boost the economy? Bring... [Published VOX.com - 2 hours ago]
Subprime Bubble Pop 2.0? Department Of Financia... [Published Zero Hedge - 3 hours ago]
OCWEN FINANCIAL : New York warns that Ocwen may... [Published 4 Traders - 3 hours ago]
Subprime Bubble Pop 2.0? Department Of Financia... [Published Zero Hedge - 3 hours ago]
Ocwen Financial : Top subprime mortgage firm ac... [Published 4 Traders - 4 hours ago]
Top subprime mortgage firm accused of abuses [Published The Washington Times stories: News - 4 hours ago]
KeyBanc Dealer Survey: More Used Turns But Soft... [Published Auto Remarketing - 5 hours ago]
CARS & van Wagenen Financial Services Create St... [Published Auto Remarketing - 5 hours ago]
Lingering effects of subprime crisis in rural US [Published Wall Street Business Network - 5 hours ago]
Examples of some lingering effects of the subpr... [Published FOXBusiness.com - 5 hours ago]
Mealey's Securities/D&O Liability - 2nd Circuit... [Published Mealey - 6 hours ago]
Bankers Buried in Lawsuits Say New Loan Rules F... [Published Bloomberg - 9 hours ago]
Easier To Get A Mortgage Thanks To New Regulations [Published Realty Times - 10 hours ago]
Ally Should Rise On Reduced Government Stake [Published Bidness Etc - 10 hours ago]
Banks are now robbing people [Published Louisiana Weekly - 14 hours ago]
Why The U.S. Economy Is Broken [Published Street Sweeper - 17 hours ago]
PTSB agrees sale of subprime mortgages [Published Irish Times - 20 hours ago]
Sovereign-debt relief and its aftermath: The 19... [Published VOX - 21 hours ago]
A real education market [Published American Enterprise Institute - 23 hours ago]
Home Loan Servicing Solutions Ltd (HLSS) Declar... [Published American Banking News - 23 hours ago]
You May Soon Need Less Of A Down-Payment To Buy... [Published The Consumerist - Oct 20 2014]
NIADA Focuses on Compliance Education & Regulat... [Published Auto Remarketing - Oct 20 2014]
Fitch Affirms Wells Fargo's Primary Resi Servic... [Published Business Wire Professional Services News - Oct 20 2014]
Fitch Affirms Wells Fargo's Primary Resi Servic... [Published BusinessWeek - Oct 20 2014]
7 Reasons Why Your Debt Repayment Plan Isn’t Wo... [Published Yahoo! Finance - Oct 20 2014]
Tough Road for American Cars [Published Bloomberg View - Oct 20 2014]
November 2014 Deals & Suits [Published Corporate Counsel - Oct 20 2014]
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Blogs

sort by: Date | Relevance
Major mortgage servicer accused of abuses [Published Latest Econwatch Headlines - CBS News - 17 mins ago]
An investigation finds Ocwen Financial, the nation's largest servicer of subprime loans, committed a series of serious missteps ...
Subprime Bubble Pop 2.0? Department Of Financia... [Published Zero Hedge - 3 hours ago]
Once upon a time, in the distant 2005 and 2006, the world just couldn't get enough of such subprime mortgage superstars as New Century Financial. In fact, some may have forgotten, but none other than David Einhorn was a director of New Century until ...
You May Soon Need Less Of A Down-Payment To Buy... [Published The Consumerist - Oct 20 2014]
( Robert Fairchild ) One of the biggest hurdle’s to buying a home is coming up with a down-payment. In order to get a mortgage backed by Fannie Mae or Freddie Mac, you generally need to come up with at least 5% of the total cost. But the federal ...
Fitch Affirms Wells Fargo's Primary Resi Servic... [Published Business Wire Professional Services News - Oct 20 2014]
NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the following U.S. residential primary servicer ratings for Wells Fargo Home Mortgage (WFHM), a division of Wells Fargo Bank, N.A., --Residential primary servicer rating for Prime product at 'RPS1-' ...
Is Regulation Enough to Protect U.S. Servicemem... [Published Center for Financial Inclusion Blog - Oct 20 2014]
> Posted by Lindsey Tiers, Communications and Operations, the Smart Campaign #166596099 / gettyimages.com According to a recent article in The New York Times , a number of lenders seem to have adapted General Douglas MacArthur’s views on government ...
1 2 3 4 5 6 7 8 9 10 ...

Press Releases

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Equifax Details Benefits of Database-Supported ... [Published Financial Services - Oct 16 2014]
Equifax Reports Auto Loan Growth Continues, Sub... [Published GlobeNewswire: Acquisitions News - Oct 06 2014]
Credit Card Debt Increasing Across the Nation's... [Published GlobeNewswire: Advertising News - Aug 26 2014]
Equifax Economists: Evidence Does Not Suggest B... [Published GlobeNewswire: Advertising News - Aug 25 2014]
Morgan Stanley to Pay $275 Million for Misleadi... [Published SEC US Press Releases - Jul 24 2014]
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