Rising rates, in addition to tighter underwriting and fast-rising home prices, have pushed borrowers away from larger lenders.» Read More
U.S. mortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.
CNBC's Diana Olick reports banks and lenders are loosening up the purse strings. There's been a "noticeable increase" in the purchase of fixed-rate low down payment loans, some with as little as 3-5% down, but they may require mortgage insurance.
Profits must come through public confidence, and public confidence is given to any merchant in proportion to the service which he gives to the public.
Bank of America profit fell from a year ago, as it took more charges to clean up mortgage-related problems.
Wells Fargo posted earnings expectations Friday, but shares fell amid disappointment with the profit margin in the bank's lending business.
CNBC's Diana Olick reports a U.S. consumer watchdog group has made mortgage policy changes on banks in an effort to protect borrowers from the ills of the past decade.
More than five years after the housing market collapsed, the U.S. government's newly created consumer watchdog said Thursday it will force banks to verify a borrower's ability to repay loans to ward off the kind of loose lending that helped push the U.S. economy into recession.
CNBC's Kayla Tausche reports Bank of America announced a settlement with Fannie Mae over mortgage repurchases.
The "Squawk on the Street" news crew report on all the market moving stories of the day. Among the stories: a look at the battle on Capitol Hill over the debt ceiling; the outlook on earnings; and the Basel Committee relaxing liquidity standards for banks.
The big bank announces a $10 billion settlement with Fannie Mae over mortgage repurchases, reports the "Squawk Box" news team.
CNBC's Rick Santelli discusses the changing landscape in the real estate market as well as the need for reform, with Anthony Sanders, George Mason University professor.
Will there be a bailout for the FHA? CNBC's Rick Santelli, weighs in on whether the government agency should get more money.
Mortgage rates may be near record lows, but potential homebuyers are still finding it difficult to get a mortgage, Lending Tree founder and CEO Doug Lebda told CNBC’s “Squawk on the Street.”
CNBC's Diana Olick reports Pacifica Companies bought 699 Fannie Mae properties in the first round of foreclosures.
The new CEO of Fannie Mae, Timothy Mayopoulos, says there is still a long road ahead for recovery in the housing market. CNBC's Diana Olick has the details.
Timothy Mayopoulos, Fannie Mae president & CEO, discusses the state of housing and a plan to get mortgage holders out of the red. Meredith Whitney, Meredith Whitney Advisory Group CEO, weighs in.
CNBC's Rick Santelli shares his thoughts on mass principle write-downs on Fannie Mae and Freddie Mac.
CNBC's Rick Santelli weighs in on GSE reform and deregulating banks.
Richard Perry, Perry Capital CEO, discusses how the U.S. economy can get a boost by opening up the mortgage markets again and putting Fannie Mae and Freddie Mac back on stable ground.
Doug Duncan, Fannie Mae chief economist, breaks down the data on the housing market, including the rise in delinquency rates.