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News Wrap: Wells Fargo Settles on Minority Lending Scam | PBS NewsHour | July 12, 2012

News Wrap: Wells Fargo Settles on Minority Lending Scam | PBS NewsHour | July 12, 2012 | NC Mortgage Experts | Scoop.it
In other news Thursday, Wells Fargo has agreed to pay at least $175 million to settle a lawsuit claiming it gave customers mortgage prices based on their race.
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Refi Percentage Dropping; S&P Downgrades Banks; HARP Contact... - Mortgage News Daily

Refi Percentage Dropping; S&P Downgrades Banks; HARP Contact... - Mortgage News Daily | NC Mortgage Experts | Scoop.it
Refi Percentage Dropping; S&P Downgrades Banks; HARP Contact...Mortgage News Daily"Systems will not be updated to support the use of the mortgage proceeds guidelines until a future release.
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Treasury investigating foreclosures on troops - Bend Bulletin

Treasury investigating foreclosures on troopsBend BulletinCHARLOTTE, NC — The US Treasury Department is investigating whether Bank of America, Wells Fargo and eight other major banks may have illegally foreclosed on about 4500 active-duty servicemen...
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22.1% of Mortgages in Negative Equity « BuildUpNow ...

22.1% of Mortgages in Negative Equity « BuildUpNow ... | NC Mortgage Experts | Scoop.it
Informative real estate news, data and local in-house analysis of the Raleigh, NC Real Estate Market ... Negative equity can occur because of a decline in value, an increase in mortgage debt or a combination of both.
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Residential Mortgage Market Shows Some Hope - TheStreet

Three major banks tackle the troubled residential mortgage market, with mixed success.
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High Risk Event For Mortgage Rates Tomorrow

High Risk Event For Mortgage Rates Tomorrow | NC Mortgage Experts | Scoop.it
Much like yesterday (and the day before), Mortgage-Backed-Securities (MBS), began the day in weaker territory and rallied in the latter part of the day.
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A Surge Of FHA Foreclosures Are About To Hit The Market | Home ...

A Surge Of FHA Foreclosures Are About To Hit The Market | Home ... | NC Mortgage Experts | Scoop.it
Last month I reviewed an interesting article on The Wall Street Journal website and I learned there is a heavy swell of FHA foreclosures about to hit the market. The article established that mortgage default rates were dropping ...
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Government Funds available for housing in rural communities - Green Bay Press Gazette

Government Funds available for housing in rural communities - Green Bay Press Gazette | NC Mortgage Experts | Scoop.it
Government Funds available for housing in rural communitiesGreen Bay Press GazetteDirect Single Family Housing loans also are available with no down payment for lower-income households. These are for a period of 33 to 38 years.
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Higher FHA loan limit extended for 2 years - Topix

Higher FHA loan limit extended for 2 years - Topix | NC Mortgage Experts | Scoop.it
Higher FHA loan limit extended for 2 years: It was Adele's year, and when the Grammy Awards are revealed next Fe...
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FHA Insurance Fund May Need Fannie-like Bailout, Hensarling Says - Businessweek

FHA Insurance Fund May Need Fannie-like Bailout, Hensarling Says - Businessweek | NC Mortgage Experts | Scoop.it
The Federal Housing Administration, which backs about a third of U.S. home loans, could require billions of dollars in taxpayer aid if the housing market continues to deteriorate, a Republican lawmaker said.
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HUD Secretary: FHA May Hike Premiums on High Balance Loans/Geithner Vows to Protect, Implement Dodd-Frank - Commercial Appraiser-Appraisal Blog

HUD Secretary: FHA May Hike Premiums on High Balance Loans/Geithner Vows to Protect, Implement Dodd-Frank: December 1, 2011 From: National Mortgage News [mailto:nationalmortgage@e.nationalmortgagenews.com] Sent: Thursday, December 01, 2011 10:51 AM...
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