Lorraine Woellert
Mortgage servicers agree to $26 billion foreclosure settlement
WASHINGTON - Five banks will pay $26 billion to end a nationwide investigation of abusive foreclosure practices stemming from the collapse of the housing...
Obama plans assistance for rentals, mortgage refinancing
WASHINGTON - President Barack Obama will announce a package of proposals to jolt the housing market out of its doldrums, including an effort to...
Obama creates unit to investigate mortgage misconduct by banks
WASHINGTON - President Barack Obama said he will create a mortgage crisis unit that includes federal and state officials to investigate wrongdoing by banks...
Backtracking lawmakers expand U.S. government role in mortgages
WASHINGTON - Washington lawmakers, who began 2011 with sweeping plans to shrink the U.S. government’s role in mortgage finance, are heading into 2012 after...
Wealthy qualifying for loans intended for low-income borrowers
WASHINGTON - Colorado’s San Miguel County is known as a winter playground with world-class skiing and mountain vistas, a place where homes can sell...
Regulators begin offering foreclosure reviews to borrowers
WASHINGTON - U.S. mortgage servicers have begun offering case reviews to borrowers who may have suffered financial injury from errors and misrepresentations during foreclosure...
Mortgage plan touted by Obama could help 900,000 borrowers
WASHINGTON - A U.S. government plan to help borrowers get lower-interest mortgages for their devalued homes drew praise from banks including Wells Fargo &...
U.S. refinance fix viewed as unlikely to ‘shock and awe’ economy
WASHINGTON - U.S. President Barack Obama, who tours foreclosure-ravaged Nevada and California this week, may face homeowners demanding bolder action as regulators prepare to...
Freddie may have spared banks, cost taxpayers
WASHINGTON – Freddie Mac is reviewing its procedures for examining mortgages after auditors faulted its handling of lapsed loans issued before the 2008 credit...
U.S. struggles as biggest seller of homes in buyers’ market
WASHINGTON - For sale or rent by motivated owner: 248,000 foreclosed homes.
The U.S. government, which has become the nation’s biggest owner of residential properties,...
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