Mortgage Lenders Links

Source: NY, California to sign mortgage settlement

New York and California have agreed to sign the proposed settlement between U.S. states and the nation's biggest mortgage lenders over foreclosure abuses, according to a source close to the negotiations.Bank ...

Source: Mass. expected to sign mortgage settlement

New York and California have agreed to sign the proposed settlement between U.S. states and the nation's biggest mortgage lenders over foreclosure abuses, according to a source close to the negotiations.

Analysis: Banks largely reserved for U.S. mortgage pact cost

(Reuters) - As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines. After more than a year of negotiations, the banks already have set aside money to cover legal costs and have built up their reserves to cover losses from reducing how much borrowers ...

Repossessions 'lowest since 2007'

A total of 36,200 homes were repossessed in 2011 - the lowest annual total since 2007, mortgage lenders say.

Lenders crack down on mortgage fraud

Following warnings from the National Fraud Authority about the level of mortgage fraud in this country, lenders are attempting to protect themselves by pushing their own solicitors on borrowers.