Mortgages, Loans, Refinance, Rates News

AFP

Mortgage Bill Fails in SenateWashington Post, United StatesLegislation that would have allowed bankruptcy judges to modify mortgages died in the Senate yesterday, handing the Obama administration a significant defeat in its plans to mitigate the foreclosure crisis. Supporters argued that the measure would have …Mortgage reduction bill fails in Senate Los Angeles TimesSenate Refuses to Let Judges Fix Mortgages in Bankruptcy New York TimesSenate Mortgage ‘Cram-Down' Bill Headed to Defeat as Banks Balk BloombergReuters - Los Angeles Timesall 572 news articles

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Straits Times

High-profile suicides reveal acute pain of crisisReuters - Ellen WulfhorstDavid Kellermann, named acting chief financial officer at Freddie Mac after more than 16 years at the mortgage finance company, was found hanging in the basement of his Virginia home last week. Friends said he had been working long hours after the US …Regulators didn't challenge Freddie's accounting The Associated PressFBI Looks Into Losses at Freddie Wall Street JournalMoffett returns after Freddie Mac CFO death Accountancy AgeDaily Financeall 188 news articles

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Washington Times

Mortgage reduction bill fails in SenateLos Angeles Times, CAThe vote was 51 to 45, with 12 Democrats joining Republicans in opposing the proposal, under which bankruptcy judges could order lenders to reduce the principal on home mortgages. The proposal, which sailed through the House in March, was a key part of …Senate Refuses to Let Judges Fix Mortgages in Bankruptcy New York TimesSenate Mortgage ‘Cram-Down' Bill Headed to Defeat as Banks Balk BloombergThe Cram-Down Smackdown ReutersWashington Times - Los Angeles Timesall 568 news articles

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Starwatch Consumer | Cribs recalled; mortgage rates tie record lowKansas City Star, MORates on 30-year mortgages tied a record low this week, spurring refinancing activity as the troubled housing market moves closer to possibly hitting the bottom, Freddie Mac said Thursday. Average rates on 30-year fixed mortgages, the most popular loan …

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MBIA Sues Merrill Lynch Over Subprime-Debt ProtectionBloombergBy Jody Shenn April 30 (Bloomberg) — MBIA Inc., the largest bond insurer, said two of its units sued two Merrill Lynch & Co. businesses now owned by Bank of America Corp. over protection sold against mortgage-debt defaults. The suit, filed in New York …MBIA files lawsuit against Merrill Lynch Business in the Burbsall 34 news articles

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