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11/13/2008 News For:

Home Insurance Companies Mortgage

Mortgage plan falls short, Bair says  Federal Deposit Insurance Corp. chairman Sheila Bair said the U.S. Treasury's mortgage modification program unveiled Tuesday does not go far enough.This is a step in the right direction but falls short of what is needed to achieve widescale modifications of distressed mortgages, Bair said.The plan, administered by the Federal Home Loan Mortgage Corp. and the Federal National Mortgage ...

Mortgage plan falls short, Bair says   WASHINGTON, Nov. 12 UPI -- Federal Deposit Insurance Corp. chairman Sheila Bair said the U.S. Treasury's mortgage modification program unveiled Tuesday does not go far enough.

Rep Frank targets mortgage service legal pacts   Congress needs to tackle legal obstacles that prevent mortgage servicing companies from doing more to help distressed borrowers stay in their homes, the head of a U.S. congressional committee said on Wednesday.

HUD says new mortgage-disclosure rules could save home buyers as much as $700 at closing  Lenders and mortgage brokers will have to provide U.S. home buyers clearer information about loan terms and closing costs under guidelines issued today by the U.S. Department of Housing and Urban Development.

U.S. to simplify mortgage disclosure rules  Prospective home buyers would get a simpler way to understand often-confusing mortgage terms under new rules by the federal government.

Rep. Frank targets mortgage servicer legal pacts   Legislation is needed to address mortgage servicing companies' failure to do enough to help distressed borrowers stay in their homes, the head of a key U.S. congressional committee said on Wednesday.

Fannie, Freddie to ease some mortgage payments   The regulator for the two largest U.S. mortgage finance companies on Tuesday unveiled a plan that could cut payments for hundreds of thousands of struggling homeowners to help reverse a wave of defaults threatening to swamp the economy.

Federal Deposit Insurance Corp. chief says new government-industry mortgage plan 'falls short'  WASHINGTON - A new joint government-industry effort to help struggling homeowners is insufficient to bring widespread changes in home loans to stem the tide of foreclosures, the head of the FDIC said Tuesday.

Gov't unveils mortgage disclosure rules   Prospective home buyers would get a simpler way to understand often-confusing mortgage terms under new rules issued Wednesday by the federal government.

Mortgage Bonds Fall to New Lows as Paulson Scraps U.S. Buying  Nov. 12 -- U.S. home-loan bonds without government backing fell to new lows after Treasury Secretary Henry Paulson said the nation no longer plans to buy devalued mortgage assets, credit-default swap indexes suggest.