Read more mortgage lender stories on Newserhttp://www.newser.com/taggrid/18731/mortgage-lender.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 9:15:58 CSThttp://www.newser.com/story/66070/bofa-wells-fargo-rank-worst-for-loan-modifications.html?utm_source=syn&utm_medium=rss&utm_campaign=tagBank of America began modifying just 4% of its loans eligible under the Making Home Affordable Act, according to a Treasury report on big banks' performance, while Wells Fargo started just 6%. JPMorgan Chase led the pack with 20%, Bloomberg reports, while Citigroup had 15%. “Some of the servicers could...http://www.newser.com/story/66070/bofa-wells-fargo-rank-worst-for-loan-modifications.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 04 Aug 2009 11:44:06 CDThttp://www.newser.com/story/65645/bad-loan-fees-too-juicy-to-give-homeowners-a-break.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe government's foreclosure prevention program is failing largely because of mortgage companies who can make more money when loans go delinquent, industry insiders tell the New York Times . Companies servicing mortgage loans charge many lucrative fees as loans go bad—recoverable, if necessary, out of the proceeds when the foreclosed...http://www.newser.com/story/65645/bad-loan-fees-too-juicy-to-give-homeowners-a-break.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 30 Jul 2009 4:56:55 CDThttp://www.newser.com/story/64127/creditworthy-shunned-under-tight-new-mortage-rules.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWould-be homeowners with good credit are finding themselves shut out of the mortgage market by stiff restrictions from wary lenders, the New York Times reports. Many believe that in an effort to move away from the laxness blamed for the financial crisis, lenders have gone too far the other way...http://www.newser.com/story/64127/creditworthy-shunned-under-tight-new-mortage-rules.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 11 Jul 2009 9:42:27 CDThttp://www.newser.com/story/59856/new-foreclosure-legislation-may-not-be-enough.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCongress’ Hope for Homeowners plan was aimed at fighting the foreclosure epidemic, and it’s been a success for exactly one person. Now, lawmakers have put “patches” on the legislation—but some worry the fixes aren’t going to do the job, ProPublica reports. Instead, it needs “some major, wholesale changes, since...http://www.newser.com/story/59856/new-foreclosure-legislation-may-not-be-enough.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 22 May 2009 12:45:01 CDThttp://www.newser.com/story/58545/mini-madoff-scammed-churchgoers-blames-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFor some, 2009 may be remembered as the year of the Ponzi scheme: Last year, federal regulators prosecuted 13 such scams, but in just the first few months of this year, they’ve already filed 22 cases, reports ABC News. One recent bust is Long Island's Peter Dawson, who stiffed fellow...http://www.newser.com/story/58545/mini-madoff-scammed-churchgoers-blames-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSun, 10 May 2009 13:26:24 CDThttp://www.newser.com/story/56962/pressure-on-freddie-exec-was-relentless.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe acting chief financial officer at Freddie Mac, who hanged himself yesterday, was working nonstop and had recently asked the company for a security detail, colleagues tell the New York Times . David Kellermann was struggling to balance the contradictory demands of investors, regulators, and lawmakers, and coworkers say he had...http://www.newser.com/story/56962/pressure-on-freddie-exec-was-relentless.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 23 Apr 2009 5:53:20 CDThttp://www.newser.com/story/56208/as-bank-moratoriums-end-foreclosures-surge.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAs internal bank moratoriums on foreclosure imposed last year expire, many more Americans are losing their homes, the Wall Street Journal reports. Foreclosure proceedings were up 6% in February over January, and up 30% from March 2008. Just as the Obama administration's rescue plan kicks in, delinquents who don’t qualify...http://www.newser.com/story/56208/as-bank-moratoriums-end-foreclosures-surge.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 15 Apr 2009 7:49:19 CDThttp://www.newser.com/story/52450/obama-housing-rescue-plan-leaves-many-out-in-cold.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA large swath of Americans will see no help under the Obama administration’s housing rescue plan, the New York Times reports. While designed to prevent 3 million to 4 million foreclosures through loan modifications, the plan doesn't cover those whose loans aren’t backed by Fannie Mae or Freddie Mac, or...http://www.newser.com/story/52450/obama-housing-rescue-plan-leaves-many-out-in-cold.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 05 Mar 2009 8:40:27 CSThttp://www.newser.com/story/52414/white-house-starts-mortgage-rescue-plan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe White House today kicked off its $75 billion plan to curb mortgage foreclosures, the Wall Street Journal reports. The federal dollars will both push lenders to lower monthly payments and help homeowners keep paying. “Today, we are providing servicers with the details they need to begin helping eligible borrowers,...http://www.newser.com/story/52414/white-house-starts-mortgage-rescue-plan.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 04 Mar 2009 14:21:54 CST