Topic: Home Financing
Commercial delinquency lower than other mortgages
AP News
MBA: Commercial mortgages have lower delinquency rate than other real estate loansCommercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday. Overall, 7.3 percent of the debt held by banks and thrifts ...
AIG Subsidiaries Resolve Allegations of Lending Discrimination
consumeraffairs.com
Lenders accountable for higher broker fees charged to minority borrowersTwo subsidiaries of American International Group (AIG) Inc. have agreed to pay a minimum of $6.1 million to resolve charges that they engaged in a pattern or practice of discrimination against black borrowers. Brought under the federal Fair Housing and ...
More work ahead on housing market: Treasury
Reuters US Online Report Business News
WASHINGTON (Reuters) - The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday. Michael Barr, the Treasury's assistant secretary for financial institutions, said in prepared remarks to state housing agency officials that ...
Treasury restates support for Fannie, Freddie
AP News
Gov't restates support for Fannie Freddie after lawmaker's comments rattle investorsThe Treasury Department was forced Friday to reiterate its financial support for Fannie Mae and Freddie Mac after a key lawmaker rattled investors by pointing out that their debt does not enjoy the explicit guarantee of the federal ...
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