Catch-22 in the housing market
Washington is abuzz with the arguments about foreclosures and whether banks have been steamrollering them through, but many Americans at the other end of the spectrum are having their own problems with...
View ArticleHow long can banks keeps ignoring home equity loans?
By Matthew Goldstein The $425 billion in home equity loans and other second mortgages sitting on the balance sheet of the four biggest U.S. commercial banks is the big gorilla in the room that no...
View ArticleThe robosigning story goes on
Shares Lender Processing Services Inc fell as much as 9.8 percent at one point on Monday after Scot Paltrow’s special report said the company, which helps banks manage mortgage foreclosure...
View ArticleAppraisal hell
Senior personal finance correspondent Linda Stern has been delving into the housing market for a special report on home appraisals — “What’s a home worth? Pick a number, any number” It turns out a lot...
View ArticleJamie Dimon: Good banker? Bad banker?
The U.S. mortgage business is a “mess” in need of overhaul, JPMorgan Chief Executive Jamie Dimon reckons. (See our special report on Dimon today: “Jamie Dimon wants some R-E-S-P-E-C-T”) Of course, his...
View ArticleFake documents suggest bigger problem
Action in March by federal bank regulators wasn’t enough to scare banks away from the way they handled foreclosures. Reuters found that big banks that service mortgage loans continue to use...
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