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2 HOURS AGO - Washington Business Journal

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Bankers outline their main requests for Congress

This year's banking wish list to Congress includes reducing rules and regulations, eliminating special tax breaks for credit unions, simplifying mortgage loans and easing capital requirements. "Laws have unintended consequences that can unnecessarily constrict the cycle of credit, job growth and economic expansion," the American Bankers Association said in the report. The bankers ask that Congress: — "support legislation that ...

Tags: Bankers outline their main requests for Congress,  Mortgage Loans Latest News

12 HOURS AGO - Zero Hedge

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Fear And Dread Of Deflation - The Keynesian Big Lie At Work

Submitted by Michael Pento via Contra Corner blog, The fear of deflation has become the cornerstone of Keynesian economic thought. A lack of inflation has been used to explain periods of economic weakness from the Great Depression of the 1930’s, to the Great Recession 2008-2009. And now, that philosophy has been adopted as gospel by those that control the Federal ...

Tags: Fear And Dread Of Deflation - The Keynesian Big Lie At Work,  Mortgage Loans Latest News

22 HOURS AGO - Zero Hedge

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The Bonds Of The Third Largest Austrian Bank Are Crashing

Last year Austria's largest bank, Erste Bank, sent shudders of Credit Anstalt through the European Banking System. This year it is Austria's 3rd largest bank that is scaring investors senseless. On the heels of the Swiss National Bank's decision to un-peg from the Euro, Raiffeisen Bank's Swiss-Franc-Denominated mortgage worries have resurfaced (along with Russian/Ukraine writedowns) and nowhere is that more ...

Tags: The Bonds Of The Third Largest Austrian Bank Are Crashing,  Mortgage Loans Latest News

JAN 27, 2015 - Washington Business Journal

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Sacramento man sentenced to prison for mortgage fraud

Leonard E. Williams, 52, of Sacramento, was sentenced Monday in federal court to seven years and three months in prison in connection with mortgage fraud. Williams was found guilty following a six-day trial in July. The trial found Williams guilty of conspiring in a no-money-down scheme that led to more than $2 million in home loans being made, many of ...

Tags: Sacramento man sentenced to prison for mortgage fraud,  Mortgage Loans Latest News

JAN 27, 2015 - Yahoo! News

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Ocwen calls investor claims baseless

Mortgage servicer Ocwen Financial Group said on Monday a group of investors had no basis for claiming it failed to live up to its agreements to collect payments on $82 billion worth of home loans. The investors claim that Ocwen performed worse than other servicers each year from 2009 through 2013 and that the trusts suffered losses of more than ...

Tags: Ocwen calls investor claims baseless,  Mortgage Loans Latest News