Lenders to people with poor credit scores have found sympathetic audiences in many states, including North Carolina. The NYT reports.» Read More
New rules could make mortgage servicing more expensive, especially for those specialty servicers and level the playing field between them and the big bank servicers.
For nine straight months, national home prices have been in the positive, and the gains are only getting larger.
This new asset class could offer all kinds of investors a chance to get in on an old and well-tested source of revenue.
Fannie Mae and Freddie Mac exacerbated the mortgage crisis and that's why the government should get out of the home loan business, former Wells Fargo CEO Richard Kovacevich told CNBC.
A $10 billion settlement to resolve claims of foreclosure abuses by major lenders is expected to be announced on Monday, sources said Sunday. The New York Times reports.
Despite the overall drop in foreclosures, a huge backlog of homes already in the foreclosures process are finally going back to the banks in big numbers.
FHA is short $56 billion in reserves, with Stephen Meister, Meister, Seelig & Fein; and SEIU activists are protesting outside Los Angeles Airport, with Mary Kay Henry, SEIU International president.
The housing recovery can't gather steam until tight-fisted banks loosen tough lending standards put in place after the worst housing crisis since the Great Depression.
Capital and liquidity rules for the biggest UK banks have been quietly relaxed in an effort to stimulate lending, a move that puts Britain at the forefront of a global experiment to use bank regulation to moderate the economic cycle.
The concerns about municipal finances are overdone, Alexandra Lebenthal, CEO of Lebenthal & Company, told CNBC’s “Closing Bell” on Friday.
Despite concerns about ballooning public pension expenses, municipal defaults are still relatively low, Alexandra Lebenthal, Lebenthal & Company president and CEO, told CNBC’s “Squawk Box” on Thursday.
The U.S. housing market is showing signs of recovery and investors should be looking at non-agency mortgages, the very asset class that prompted the global financial crisis, according to Gregory Perdon, Co-Chief Investment Officer at Arbuthnot Latham & Co.
The average new car auto loan grew as consumers are expanding the length of their loan, reports CNBC's Phil LeBeau.
Breaking down how Japan's debt compares to the U.S market, and where value exists, with Steven Tananbaum, GoldenTree Asset Management; Kyle Bass, Hayman Capital Management; and CNBC's Gary Kaminsky.
Investors pouring their money into long-term government bonds are deluding themselves into thinking they're getting safety against economic turmoil, hedge fund titan Paul Singer said.
Discussing the state of banks and their subprime customers, with Craig Maurer, CLSA equity analyst and Scott Valentin, FBR Capital Markets analyst.
With the financial industry recovering and fee income reduced by new regulations, lenders are seeking to woo back less creditworthy borrowers. The New York Times reports.
Foreign buyers, largely from South America, but also from Europe, Russia and China, are flooding into the Miami area, and that has developers rushing to keep up with demand.
In another milestone in the banking industry’s recovery from the financial crisis, the Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most institutions, the New York Times reports.
Faced with the same set of circumstances again, former Bear Stearns CEO Alan Schwartz said he probably wouldn't have done anything different as the firm cascaded toward bankruptcy.