The Court of Appeals of Ohio for the Eighth District apparently has put to an end to city government lawsuits forcing banks to pay for the high costs of foreclosures, including city costs to raze or board up abandoned houses and lost taxes due to property devaluation.
The outstanding carrying value advances for the 12 Federal Home Loan Banks increased during 2012 as the demand for advances showed signs of regional stabilization and certain FHLBank members increased their use of advances, according to the recent annual report by the FHLBank Office of Finance.
The three-judge panel of the Ninth Circuit overturned a lower courts ruling from last summer which determined the FHFA was not acting as conservator but as regulator when the agency halted GSE involvement with PACE programs.
A House Democrat proposes a bill to lower the cap on the Mortgage Interest Deduction. Meanwhile, could Sen. Sherrod Brown succeed Tim Johnson as Senate Banking Committee Chair?
Sellers of 'flow' and 'bulk' mortgage servicing rights are seeing a noticeable increase in prices for their MSRs as buyers chase both quality and bargains.
Roughly 270 depositories reported some mortgage buyback activity for 2012 but overall repurchases fell to a four-year low. Is the worst of the problem now over?
Fannie Mae may be having second thoughts about selling nonperforming loans into the secondary market where cash-rich investors are waiting with bated breath.