Detroit Mortgage News

Activists protest at Bank of America branch - Detroit Free Press

Press TV

Activists protest at Bank of America branch Detroit Free Press Activists and people facing foreclosure march Thursday to the Bank of America branch in Detroit's New Center. The protest was organized by members of Occupy Our Homes, an Occupy movement spin-off that focuses on foreclosures and mortgage company ... Occupy Detroit Protesters Go After Local Bank of AmericaLoanSafe Detroit couple avoids eviction thanks to Occupy movementThe Grio all 23 news articles »

Romney super PAC supporter has ties to Freddie and Fannie - USA TODAY

USA TODAY

Romney super PAC supporter has ties to Freddie and Fannie USA TODAY By Gregory Korte and Fredreka Schouten, USA TODAY WASHINGTON – A Detroit-area law firm that represents mortgage giants Fannie Mae and Freddie Mac in foreclosure and eviction cases contributed $200000 to a super PAC supporting Republican Mitt Romney for ... Romney PAC supporter tied to Freddie, FannieTucson Citizen all 413 news articles »

Ally Financial Swings to Loss on Mortgages - Wall Street Journal

Ally Financial Swings to Loss on Mortgages Wall Street Journal The Detroit-based lender, which provides financing for General Motors Co. and Chrysler Group LLC dealers and customers, continued to make money from its auto-lending operations, but the results were weighed down again by its mortgage unit, ... 4Q charge over foreclosure penalties pushes Ally into loss for 2011The Detroit News Ally CEO Carpenter Says IPO on Hold Until Mortgage Woes EaseSan Francisco Chronicle Ally Financial loses $250M in 4th quarterDetroit Free Press MarketWatch -Housing Wire all 38 news articles »

Kinecta CEO Sees Signs of Mortgage Recovery - Credit Union Times

Kinecta CEO Sees Signs of Mortgage Recovery Credit Union Times By Jim Rubenstein California's $3.1 billion Kinecta Federal Credit Union, party to a delayed mega-merger with the $1.1 billion NuVision CU, is in recovery mode this month, tending to a battered mortgage portfolio. It is perhaps a setback for Kinecta of ...

Cash Out Volume Hits 16-Year Low - National Mortgage Professional Magazine

Bloomberg

Cash Out Volume Hits 16-Year Low National Mortgage Professional Magazine In the fourth quarter of 2011, 85 percent of homeowners who refinanced their first-lien home mortgage either maintained about the same loan amount or lowered their principal balance by paying-in additional money at the closing table, a 26-year high. Freddie: 4Q 'Cash-In,' 'Cash-Out' Refinances Both Hit 26-Year RecordsWall Street Journal 85 Percent of Refinancing Homeowners Maintain or Reduce Mortgage Debt in ...MarketWatch (press release) all 367 news articles »

Fannie Mae's Fire Sale - Barron's

Fannie Mae's Fire Sale Barron's The Federal Housing Finance Agency has approved a big residential real-estate auction at Fannie Mae to help the mortgage giant unload its inventory of 122616 foreclosed houses. For the first time, the regulators are permitting Fannie Mae to sell houses ... and more »

Briefs: Auto sector adds 15K jobs in January - The Detroit News

Briefs: Auto sector adds 15K jobs in January The Detroit News (John T. Greilick / The Detroit News) Automakers and dealers added more than 15000 jobs in January as the auto sector continues to gain strength. Auto manufacturers and the partsmaker sector added 7900 jobs in January, according to the jobs report ...

Evicted Detroit woman, 101, not allowed back into home due to unsafe conditions - Fox News

Fox News

Evicted Detroit woman, 101, not allowed back into home due to unsafe conditions Fox News 12 and her belongings placed outside after her 65-year-old son failed to pay property taxes linked to a reverse mortgage, The Detroit News reported in a story Sunday. Two days later, the US Department of Housing and Urban Development said she could ... Evicted 101-year-old Detroit woman can't go homeSan Francisco Chronicle Evicted homeowner, 101, gets a lift from offers of helpThe Detroit News all 268 news articles »

Foreclosure Accord Said to Ensure Same Terms for All 50 States - BusinessWeek

Foreclosure Accord Said to Ensure Same Terms for All 50 States BusinessWeek California Attorney General Kamala Harris is one of the highest profile attorneys general to publicly balk at the settlement, saying she won't sign a deal that blocks investigations into mortgage loans. New York Attorney General Eric Schneiderman, ... and more »