Jody Shenn
You don’t need perfection to get a U.S. loan anymore: mortgages
WASHINGTON - Bank of America Corp., the third- largest U.S. mortgage lender, refused to give Paul Mataska the loan amount he needed last year...
Canada’s TD Bank helps U.S. taxpayers’ market retreat
NEW YORK – Canada’s Toronto-Dominion Bank is expanding its U.S. mortgage lending by holding loans on its books – a business model U.S. banks...
Dutch gamble on U.S. housing debt after patience wins
NEW YORK – The Dutch government’s decision to hold onto U.S. mortgage debt acquired during the 2009 bailout of ING Groep NV has paid...
Mortgage bonds slump as Fed’s buying boost fades
NEW YORK - After posting their worst returns since 1999, government-backed mortgage bonds are starting 2013 with losses on speculation the end of Federal...
BofA jumbo-deal delay shows market on life support
NEW YORK - A delay of Bank of America Corp.’s return to selling mortgage securities shows the housing bust is still limiting the market’s...
Fannie Mae tightens mortgage standards for some home buyers
NEW YORK - Fannie Mae, the largest source of money for U.S mortgages, told lenders that it’s tightening some of its qualification standards for...
BofA to buy back $330M of mortgages from Freddie Mac
NEW YORK - Bank of America Corp., the second- biggest U.S. lender, will repurchase $330 million of home loans from Freddie Mac, the mortgage...
Bernanke doubles down on Fed mortgage bet
NEW YORK - Ben S. Bernanke is signaling his willingness to double down on a three-year bet that’s failed to revive housing, showing the...
Home prices in U.S. may drop 8%, Pimco’s Simon says: Tom...
NEW YORK - U.S. home prices will probably decline an additional 6 percent to 8 percent before bottoming, Pacific Investment Management Co.’s Scott Simon...
Banks overwhelmed by mortgage refinancing after job cuts
NEW YORK - Mortgage rates near historic lows have sparked a refinancing boom that has U.S. lenders struggling to handle the surge.
“There’s just so...
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