home loans

Loans are not eligible for debt reduction if they were bought and held or securitized by the two companies, which guarantee more than 70 percent of the country’s home loans.

The state attorney general’s requests covered many aspects of how banks had bundled thousands of home loans into securities, then sold them to investors.

A judge in New York has dismissed a lawsuit brought by investors who sought to compel mortgage giant Countrywide Financial Corp. and two subsidiaries to buy back home loans it modified.

Taking aim at homeowners who are able to pay their mortgage but decide it's not worth it, Fannie Mae plans to go after them in court and to limit their access to home loans for seven years.

The well-to-do have stopped paying their home loans in greater numbers, and apparently with less guilt.

Fannie Mae and Freddie Mac may not accept home loans if consumers take advantage of energy-efficiency programs, raising questions about the programs’ future.

Fannie Mae said Thursday the rate for single-family home loans behind in payments by at least 90 days dipped slightly between February and March.

But the rate of serious delinquencies for mortgages on apartment buildings worsened.

Share + Comments Apr 15, 2010 1:14 pm US/Pacific LOS ANGELES A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.

A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.

After months of criticism that it hasn't done enough to prevent foreclosures, the Obama administration is announcing a plan to reduce the amount some troubled borrowers owe on their home loans.