Richmond’s Seizure Plan Complicated by Size of Mortgages – Wall Street Journal (blog)

American Banker (subscription)
Richmond's Seizure Plan Complicated by Size of Mortgages
Wall Street Journal (blog)
Some 43 of the mortgages the city wants to purchase or seize have balances over $ 600,000, according to data that analyst Marc Joffe received through a California public records request and shared with The Wall Street Journal. Mr. Joffe is a consultant
Seizing Underwater Mortgages: An Idea That's All WetAmerican Banker (subscription)
Wall Street sues California city looking to bail out homeownersRT (blog)
California Mayor Appeals To Bank CEO's 'Conscience' To Help Struggling Huffington Post
NuWire Investor -Los Angeles Times -Governing
all 22 news articles »

mortgages – Google News

New York Times
In One Bundle of Mortgages, the Subprime Crisis Reverberates
New York Times
In February 2007, just before everything fell apart, Goldman Sachs bundled thousands of subprime mortgages from across the country and sold them to investors. This bond became toxic as soon as it was completed. The mortgages slid into default at a

and more »

mortgages – Google News

Average rate on 30-year US mortgage remains 4.4 percent; 15-year ticks up to
Fox News
WASHINGTON – Average rates on U.S. long-term fixed mortgages remained steady for a second straight week, giving prospective home buyers more time to lock in historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate on 

mortgages – Google News

The Guardian
What do '10% penalty-free mortgage overpayments' mean in real terms?
The Guardian
Secondly, we would appreciate a steer on whether the smart move would be to take the five-year fixed repayment option and over pay by £500 a month … therefore reducing the amount owing when we come to re-mortgage. This would make us eligible for 

mortgages – Google News

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