Mortgage lenders are ranked based both on how many new loans they originate and how many loans they service. By those measures, the biggest originator of home loans during the third quarters was Wells Fargo & Co. The biggest mortgage servicer, meanwhile, was Bank of America Corp. View full post on All Stories

JPMorgan is now saddled with $74.8 billion in nonperforming home loans inherited from WaMu, a third of the $230.7 billion in mortgages on its books. View full post on All Stories

A BlackRock Inc fund this month will begin financing U.S. home loans customized for a new breed of residential mortgage-backed securities that avoids the conflicts tainting many of today’s private issues. View full post on All Stories

The Reserve Bank of India (RBI) Tuesday tightened the norms for home loans, asking banks to cap the loan amount at 80 percent of the cost of the house to check possible defaults and prevent an asset bubble. View full post on All Stories

A former Denver appraiser is only partially at fault for the losses faced by several Latino victims of a housing scheme in west Greeley that has already resulted in two criminal convictions. A Weld District Court jury of four women and two men on Friday decided after 12 hours of deliberations that all involved in [...]

As far as I am know, the FHA offers no such debt relief program when it comes to loans to buy homes. If you do not already own a home, and are looking to consolidate your debts into a mortgage at the time of purchase, I should tell you that this concept, while possible, can [...]

Shares of U.S. banks slid for a third day Friday as lenders and government officials came under mounting pressure to address claims that mortgage firms took illegal shortcuts in home loans and foreclosures. View full post on All Stories

The foreclosure freeze by the nation’s leading banks may help some New Mexicans in trouble on their home loans but will delay others in the process of buying foreclosed property. View full post on All Stories

The banks with the largest dollar amounts of foreclosed home loans on their books are J.P. Morgan Chase & Co., Bank of America Corp. and Wells Fargo & Co., according to analyst firm SNL Financial. View full post on All Stories

The proportion of home loans advanced to people remortgaging sank to its lowest level for more than 10 years during August. Related Stories Slight rise in house prices House prices drop for second consecutive month Properties-to-let shortage sees rents ‘jump up’ Nighclub chains-sales fall House prices fall again View full post on All Stories

The number of home loans granted in August was the highest in six months, but first home buyers remain wary of entering the market. View full post on All Stories