NJ may bill mortgage lenders $2,000 per foreclosure (Reuters via Yahoo! News)
A panel of New Jersey legislators on Monday approved a measure to make mortgage lenders pay $2,000 before taking a homeowner into foreclosure.Ill. AG says mortgage lawsuit settlement is model (AP via Yahoo! Finance)
A loan modification program that's part of an $8.7 billion national settlement over deceptive mortgage practices will help tens of thousands of borrowers stay in their homes and could be a national model, Illinois Attorney General Lisa Madigan said Monday.
Low-deposit mortgage options fall (BBC News)
The number of mortgage deals available to borrowers with a 5% deposit has shrunk to just 60, says Moneyfacts.
Bank Settles Countrywide Mortgage Lawsuit (CBS News)
Facing a lawsuit over deceptive mortgage practices, a Bank of America Corp. subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the Illinois attorney general's office said.
TD Canada Trust hikes variable mortgage rates, lines of credit (Canadian Business)
TORONTO - One of Canada's biggest mortgage lenders, TD Canada Trust, is increasing the interest rate charged for its home equity line of credit and variable-interest mortgages.
BofA in mortgage lender settlement (Financial Times)
Bank of America has agreed to settle multi-state claims of deceptive and predatory lending practices against Countrywide Financial , the mortgage lender, in a deal that could result in a cut of up to $8.4bn in interest rate and principal payments for homeowners.
Washington mortgage customers to see relief (KREM.com Spokane)
SEATTLE – Nearly 10,000 Washington homeowners will split about $200 million as part of a settlement between 11 states and sub-prime lender Countrywide Financial Corp over deceptive mortgage practices.
Mortgage crisis affects more than just mortgage industry (WVLT-TV Knoxville)
The mortgage crisis and subsequent bail out appears to be having an impact on more than just the housing market.
Bad mortgage settlement includes Ohio (The Cincinnati Enquirer)
Facing a lawsuit over deceptive mortgage practices, an arm of Bank of America Corp. has agreed to the largest program ever to modify home loans, as part of a settlement with officials in 11 states, including Ohio, just days after the federal government adopted a giant financial rescue package without any relief for distressed homeowners.
Treasury Confirms Kashkari To Head Mortgage Rescue Plan (Fox News)
Treasury Confirms Kashkari To Head Mortgage Rescue Plan
