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>> MORTGAGE LOANS Latest News

SEP 03, 2015 - Investors Business Daily

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Cerberus Capital Acquires Modified Mortgages

If you have a modified mortgage made around the time of the U.S. housing market's peak, Cerberus Capital Management probably wants to buy it. The investment firm has acquired residential loans with an unpaid balance of more than $5.7 billion as of the end of July, according to a marketing document obtained by Bloomberg. Most were mortgages issued from 2005 ...

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SEP 03, 2015 - Seattle Times

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Which type of lender is right for you?

Depending on your credit history and circumstances, you may benefit by using one source of mortgage loans over another.

Tags: Which type of lender is right for you?,  Mortgage Loans Latest News

SEP 03, 2015 - National Mortgage News

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Mortgage Credit Availability Loosened in August: MBA

Mortgage credit availability loosened in August as lenders have more jumbo loan products and added loans for borrowers with less-sterling credit, according to the Mortgage Bankers Association.

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SEP 03, 2015 - Business Insider

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Los Angeles drops mortgage discrimination case against JPMorgan

By Dena AubinNEW YORK (Reuters) - Los Angeles has dropped a lawsuit accusing JPMorgan Chase, the largest U.S. bank, of discriminatory mortgage lending, ending the first of the city's four lawsuits accusing major banks of driving up foreclosures among minority borrowers.Disclosed in a filing on Tuesday in a California federal court, the agreement ends a lawsuit attempting to hold the ...

Tags: Los Angeles drops mortgage discrimination case against JPMorgan,  Mortgage Loans Latest News

SEP 03, 2015 - Zero Hedge

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This Is Not A Retest - It's A Live Bear!

Submitted by David Stockman via Contra Corner blog, By the lights of bubblevision, Tuesday’s plunge was just a bull market “retest” of last week’s lows, which posted at 1867 on the S&P 500. As is evident below, the test was passed with 80 points to spare at today’s close. So according to the talking bull heads - CNBC had three of them on the screen at once about 2pm—–its ...

Tags: This Is Not A Retest - It's A Live Bear!,  Mortgage Loans Latest News