Philip Chua Business Blog

Posts Tagged ‘mortgage’

Fannie Mae needs another $15 billion in federal assistance, bringing its total to more than $75 billion. And worse, the mortgage finance company warned its losses will continue this year.









Fannie Mae – Freddie Mac – Business – Thailand – Provinces

The Obama administration’s mortgage relief plan provided help to 7 percent of borrowers who signed up last year.









Mortgage – Presidency of Barack Obama – Business – United States – Financial Services

The government is providing a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as it struggles with hefty losses in its home mortgage unit.









Wall Street Journal – GMAC – Administration of federal assistance in the United States – GMAC Financial Services – Business

Just over 31,000 homeowners have received permanent loan modifications under the Obama administration’s mortgage relief plan, a big setback for the government’s embattled effort to stem the foreclosure crisis.







Mortgage – Foreclosure – Presidency of Barack Obama – Business – Government

The number of homeowners on the brink of foreclosure fell in November, the fourth straight monthly decline, as mortgage companies evaluated whether borrowers were eligible for help.









Foreclosure – Mortgage – Business – Real estate – Investing

A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery.







Mortgage – Foreclosure – Business – United States – Financial Services

After a slow start, the Obama administration’s mortgage relief program has reached one in five eligible homeowners, a government report says.

That new HSBC loan: too clever by half?
Why not give customers the money outright?

By SIOW LI SEN

LAST Friday, when given the HSBC press release on its new Sibor plus equity-linked mortgage, I spent at least 15 minutes trying to figure out how it worked. The result was that I was so consumed with the promise of thousands of dollars that I paid no attention to the home loan itself.

Eventuall… more

AP – The U.S. Department of Housing and Urban Development is taking action against a reverse mortgage lender in Hawaii.

AP – An Oxon Hill man has been sentenced to more than three years in prison for a mortgage fraud tied to 25 properties in Maryland, D.C. and Virginia worth millions of dollars.