Mortgage News

On Feb. 25 regulators laid out details on how they will run the "stress tests" that Treasury Secretary Timothy F. Geithner has promised on the biggest banks. Now those tests, designed to judge whether the banks have the capital to keep lending and absorb losses in a severe recession, face an exam of their own.

Much of the credibility of Geithner's struggling bank bailout program hinges o...

SAN ANSELMO, Calif. (February 26, 2009) -Market Rates Insight (MRI, www.marketratesinsight.com/new) is celebrating its 24th year of providing reliable, accurate rate surveys for deposits, loans and fees. To mark its anniversary, MRI is launching a '24-for-24' promotional program, offering qualified users free 24-hour access to its new advanced pricing system, which provides the highest level ...

Supreme Court Justice Joseph S. Alessandro of the Ninth Judicial District in New York and his brother, Bronx Civil Court Judge Francis M. Alessandro, should be removed from office for failing to repay on time a $250,000 loan made to one of Joseph Alessandro's campaigns and for misstating their financial holdings and obligations on disclosure forms and loan applications, the Commission on Judic...

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Capmark is a diversified company that provides a broad range of financial services to investors in commercial real estate-related assets. Capmark has three core businesses: lending and mortgage banking, investments and funds management, and servicing. Capmark operates in North America, Europe and Asia.

Certain statements in this release may constitute forward-looking statements. These st...

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WASHINGTON (AP) - Big banks, scrambling to prevent the government from forcing them to rewrite mortgages for struggling homeowners, are using their lobbying clout to press the Obama administration and Congress to scale back a key measure to rescue borrowers from foreclosures.

The legislation, expected to pass the House on Thursday, ...

The National Association of Realtors reported that home prices reached decade lows, but it offered some hope by saying the market should soon rebound on favorable buying conditions.

The pace of U.S. existing home sales fell in January to a 4.5 million-unit annual rate, while home prices and inventories dropped, the NAR said.

"Given so much stimulus package discussion in January, som...

WASHINGTON (AP) — Sales of existing homes unexpectedly plunged in January to the lowest level in nearly 12 years as pessimism about the economy grew and buyers waited for President Barack Obama's plan to help revive the U.S. housing market.

The National Association of Realtors said Wednesday that sales of existing homes fell 5.3 percent to an annual rate of 4.49 million last month...

Although the primary purpose of both the American Recovery andReinvestment Act of 2009 (the "Act") and the UnitedStates Department of the Treasury's new Financial StabilityPlan is to provide stimulus to the lagging economy as a whole, bothplans promote the funding of construction activity andinfrastructure development as part of the solution. The details ofhow these recovery programs will b...

Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady of the United States:

I've come here tonight not only to address the distinguished men and women in this great chamber, but to speak frankly and directly to the men and women who sent us here.

I know that for many Americans watching right now, the state of our economy is a concern that rises above all ot...