Mortgage Foreclosure & Refinance Resource

The F.B.I. has opened investigations into 14 corporations as part of a crackdown on improper subprime lending, agency officials said on Tuesday. Separately, Bear Stearns, Goldman Sachs and Morgan Stanley said government investigators were seeking information from them about their subprime mortgage activities. But it was not immediately clear if the disclosures by the [...]

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As the property manager for thousands of foreclosed homes owned by the U.S. Department of Veterans Affairs, Ocwen Financial Corp. has neglected maintenance, been proven slow to sell houses and charged taxpayers for repairs that weren’t made, a report by the federal Government Accountability Office says. The company, which also handles mortgage payments and foreclosures [...]

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The study circulated within the American Securitization Forum says more than 600,000 troubled homeowners could win new mortgage terms if Federal Housing Administration loosened the terms for some of its progams. A wave of foreclosures could be prevented if the largest federal home-ownership program were open to more delinquent U.S. borrowers according to a study.

Specifically, [...]

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