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Federal government to propse new mortgage lending rules
WASHINGTON — The federal government plans to propose new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate accounting of their monthly mortgage payments. Congress mandated changes in the rules covering the mortgage servicing industry in the wake of the 2008 financial crisis. The Consumer Financial Protection Bureau’s […]
Late mortgage payments up in 3Q, 1st rise in years
NEW YORK — While lawmakers in Washington debated the debt ceiling and consumer confidence dropped, more homeowners in the U.S. were having a harder time making their mortgage payments. The rate that mortgage holders were late with their payments by 60 days or more rose in the June-to-September period for the first time since the […]
Lenders step up foreclosure intent filings
Maryland housing officials say lenders have filed an average of 15,000 intent notices per month against homeowners since January, indicating a new wave of foreclosures may soon hit the state. The disclosure came Thursday after a national report from RealtyTrac that said banks and lenders may soon restart issuing large volumes of foreclosure notices following […]
Optimism despite increase in foreclosures
A snapshot of mortgage loans in Maryland and across the U.S. in the fourth quarter of 2010 prompted some optimism about the coming year despite a record number of loans in foreclosure. In a report released Thursday by the Mortgage Bankers Association, loans in foreclosure increased to 4.63 percent during the quarter, up from 4.39 […]
Mortgages increase, as do loans in foreclosure
The number of mortgages, especially prime fixed loans, increased to record levels during the fourth quarter of 2010 according to a report released Thursday by the Mortgage Bankers Association. But loans in foreclosure increased to 4.63 percent during the quarter, up from 4.39 percent in the third quarter and tying a record set in the […]
