Washington Post Citi Pays for Subprime Feint Wall Street Journal … investors by failing to disclose $40 billion in risky mortgage assets that produced losses that eventually sent the bank to the brink of failure. … Citigroup Pays $75 Million to Settle Subprime Claims New York Times Citigroup fined $75m for misleading investors over sub-prime assets The Guardian Citigroup settles charges over misleading investors AFP MarketWatch
Kansas City Star Later than expected, 4.5 percent fixed-rate mortgage arrives Philadelphia Inquirer asked mortgage broker Peter Buchsbaum of Arlington Capital Mortgage Corp., of Horsham. “The answer is confidence – confidence in the value not falling and … Fixed mortgage rates keep falling Los Angeles Times Falling US Mortgage Rates May Aid Economy Outside Housing Bloomberg US mortgage rates set new lows a 6th straight week Reuters The Associated Press
The Guardian Carolinas Roundup Charlotte Observer “Even in late 2007, as the mortgage market was rapidly deteriorating, Citigroup boasted of superior risk-management skills in reducing its subprime exposure … Citigroup Pays $75 Million to Settle Subprime Claims New York Times Citigroup-SEC: Imagine If Citi Had Come Clean Earlier Wall Street Journal (blog) Citigroup fined $75m for misleading investors over sub-prime assets The Guardian AFP
What to do with a reverse mortgage if you remarry MarketWatch WASHINGTON (MarketWatch) — Question: I have a friend who took out a reverse mortgage with his wife. His wife passed away and he has since … Home mortgage amortization site launched today. Home loan amortization secrets … I-Newswire.com (press release) Reverse mortgages help some seniors St. Louis Post-Dispatch Reverse Mortgages: MSNBC 'Consumer Man' Gets It Wrong Says Industry Leader SeniorJournal.com all 5 news articles
Washington Post Fixed mortgage rates keep falling Los Angeles Times Fixed mortgage rates have dropped again, marking the sixth straight week of record lows in Freddie Mac's survey of what lenders are offering to highly … Falling US Mortgage Rates May Aid Economy Outside Housing Bloomberg US mortgage rates set new lows a 6th straight week Reuters Later than expected, 4.5 percent fixed-rate mortgage arrives Philadelphia Inquirer The Associated Press
France24 Housing policy must be set on sustainable basis Washington Post Reform should address the systemic risk they pose and should wean our mortgage finance system from its dependence on these institutions. … Congress to try to recoup Fannie, Freddie costs The Associated Press Volcker: Fannie Mae & Freddie Mac need to go MarketWatch (blog) Senators urge permanent Fannie, Freddie regulator Reuters Wall Street Journal
Genworth Financial Q2 profit lags Wall Street Reuters The life and mortgage insurer earned $42 million, or 8 cents a share available to common shareholders in the second quarter, compared with a net loss of $50 … Genworth Swings to Profit Wall Street Journal Genworth MI reports improved second quarter earnings on fewer mortgage losses Winnipeg Free Press Genworth Financial Lags Estimates TheStreet.com Trading Markets (press release)
Popular 'Zero Down' Mortgage Program Makes Comeback Wall Street Journal (blog) Borrowers will have to pay a higher “guarantee fee” of 3.5%–essentially upfront mortgage insurance–but the fee can be folded into the mortgage . … and more
AFP Citigroup to pay $75 million in SEC settlement MarketWatch According to the SEC's complaint, Citigroup said in earnings calls and public filings between July and October 2007 that it had subprime mortgage security … Citigroup settles charges over misleading investors AFP Citi to Pay SEC $75 Million ABC News Citi to pay $73 million for misleading investors CNNMoney Forbes (blog)
France24 Falling US Mortgage Rates May Free Up Cash for Consumers, Economists Say Bloomberg Mortgage rates for US homes set a record low for the sixth straight week, potentially freeing up money for … Fannie CEO Describes 'New Realism' For US Mortgage Lending Wall Street Journal Ignoring Fannie and Freddie, the Gigantic Subprime Elephants in the Room Minyanville.com Foreclosures boom among nation's most creditworthy USA Today Reuters
