Search Results for 'Mortgage'

AIG to sue Bank of America over mortgages

American International Group plans to sue Bank of America over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis. AIG seeks to rec [...]

Posted On : Aug, 08 2011 | Comments : 0

Banks' results reflect rising mortgage stress

An increase in mortgage arrears in the first half of this year was revealed this week in the interim reporting season for three of the big four banks. The trend could damage the banks' blue-chip mortgage books. The reporting season [...]

Posted On : May, 06 2011 | Comments : 0

RBA Warns Australian Banks Lowering Mortgage Lending Standar...

The central bank is warning that Australian lenders have begun to lower their mortgage lending standards as they seek to achieve the turbo charged pre financial crisis growth rates, an objective the RBA says is unrealistic. The Rese [...]

Posted On : Mar, 28 2011 | Comments : 0

Banks Resist Requests to Buy Back Failed Mortgage Loans

Fannie Mae and Freddie Mac are encountering growing opposition from banks as they try to make lenders including JPMorgan Chase & Co (JPM) and Bank of America Corp. (BAC) buy back failed mortgage loans. The two government-owned c [...]

Posted On : Nov, 30 2010 | Comments : 0

Small banks crack down on mortgage lending

Even with interest rates at historic lows, you might still have a hard time getting a mortgage: Small banks have tightened standards when it comes to lending to homebuyers, according to a survey issued Monday. After easing their standard [...]

Posted On : Nov, 09 2010 | Comments : 0

ANZ, NAB gain mortgage share

Australia's two biggest banks are losing their share of the nation's home loan market to their Melbourne-based rivals set on attracting more customers to protect profits from shrinking margins. The Commonwealth Bank (CBA), includ [...]

Posted On : Nov, 01 2010 | Comments : 0

Canadian banks raise short-term mortgage rates

Mortgage rates are on the rise – but how much of a crimp will it put in the Canadian housing market? So far, not much. The 25-basis point rise announced by the Bank of Canada Tuesday amounts to “a movie and some popcorn&rdquo [...]