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    May 22, 2013 |Story| Los Angeles Times

  1. BofA, JPMorgan say they have fulfilled mortgage settlement terms

    Bank of America Corp. and JPMorgan Chase & Co. say they have satisfied their obligations to help troubled borrowers under last year's landmark mortgage settlement with state and federal officials.
    Bank of America Corp. and JPMorgan Chase & Co. say they have satisfied their obligations to help troubled borrowers under last year's landmark mortgage settlement with state and federal officials. Another bank that signed the settlement, Wells Fargo &...

    Tags: Bank of America Corp., Mortgages, Economy, Business and Finance, Consumers, Citigroup Incorporated

    2. May 19, 2013 |Story| Los Angeles Times

  2. 3 big banks nearly halt foreclosure sales after U.S. tweaks orders

    Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes.
    Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes. The banks...

    Tags: Foreclosures, Mortgages, JPMorgan Chase & Co., Citigroup Incorporated, Office of the Comptroller of the Currency

    3. May 16, 2013 |Story| Los Angeles Times

  3. Freddie Mac: Mortgage rates rise; average 30-year loan at 3.51%

    Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago.
    Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago. The survey, released Thursday by mortgage financier...

    Tags: Mortgages, Credit Ratings, Loans, Freddie Mac

    4. May 17, 2013 |Story| Los Angeles Times

  4. 'Tiny houses' are growing in popularity

    BALTIMORE — Greg Cantori plans to downsize when he retires. Really, really downsize.
    BALTIMORE — Greg Cantori plans to downsize when he retires. Really, really downsize. His retirement home is 238 square feet — one-tenth the size of the average new American house — and sits in his Maryland yard. He and wife Renee can...

    Tags: Tameka Cottle, Rentals

    5. May 17, 2013 |Story| Los Angeles Times

  5. Short sales routinely show up in credit reports as foreclosures

    WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather than having negotiated a mutually agreeable resolution with their lender?
    WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...

    Tags: Foreclosures, Mortgages, Economy, Business and Finance, Consumers, Services and Shopping

    6. May 14, 2013 |Story| Los Angeles Times

  6. Families reduced their debt load in first quarter to 2006 level

    WASHINGTON -- American families reduced their debt load in the first three months of the year by 1%, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday.
    WASHINGTON -- American families reduced their debt load in the first three months of the year by 1%, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday. Outstanding household debt,...

    Tags: Bank of America Corp., Credit and Debt, Consumers, Loans, Federal Reserve

    7. May 7, 2013 |Story| Los Angeles Times

  7. BofA settles another mortgage lawsuit but is facing a new one

    NEW YORK — As Bank of America Corp. pulls itself free from a swamp of mortgage liabilities, new troubles keep threatening to suck it back under.
    NEW YORK — As Bank of America Corp. pulls itself free from a swamp of mortgage liabilities, new troubles keep threatening to suck it back under. BofA agreed to settle a big insurer's claims over faulty mortgage bonds for $1.7 billion Monday. But...

    Tags: Politics, Insurance, Bank of America Corp., Lawyers, Lobbying

    8. May 9, 2013 |Story| Los Angeles Times

  8. Fannie Mae to pay U.S. $59.4 billion after record quarterly profit

    WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year.
    WASHINGTON -- Bailed-out housing finance giant Fannie Mae said Thursday it would pay the U.S. government $59.4 billion after posting a record profit for the first three months of the year. The fortunes of the company, which is 80% owned by taxpayers...

    Tags: Economy, Business and Finance, Federal Bailout Funds, Fannie Mae, Finance, Freddie Mac

    9. May 9, 2013 |Story| Los Angeles Times

  9. Fed: Some borrowers shortchanged in foreclosure settlement

    Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...

    Tags: Bank of America Corp., Mortgages, JPMorgan Chase & Co., Federal Reserve, Morgan Stanley Dean Witter & Company

    10. May 6, 2013 |Story| Los Angeles Times

  10. N.Y. to sue Wells Fargo, Bank of America over mortgage practices

    NEW YORK -- New York state's attorney general plans to sue Wells Fargo and Bank of America over alleged violations of a national mortgage settlement reached last year.
    NEW YORK -- New York state's attorney general plans to sue Wells Fargo and Bank of America over alleged violations of a national mortgage settlement reached last year. Atty. Gen. Eric Schneiderman's office said Monday it intends to sue the banks for...

    Tags: Bank of America Corp., Mortgages, Litigation, JPMorgan Chase & Co., Citigroup Incorporated

    11. May 9, 2013 |Story| Los Angeles Times

  11. Mortgage rates tick up, Freddie Mac says: 30-year fixed at 3.42%

    Fixed mortgage rates have reversed course and ticked upward, with lenders offering 30-year home loans at an average of 3.42% compared with 3.35% last week, according to the latest Freddie Mac survey.
    Fixed mortgage rates have reversed course and ticked upward, with lenders offering 30-year home loans at an average of 3.42% compared with 3.35% last week, according to the latest Freddie Mac survey. The typical rate for a 15-year fixed mortgage rose...

    Tags: Mortgages, Loans, Labor Markets, Freddie Mac

    12. May 9, 2013 |Story| Los Angeles Times

  12. GOP may seek to tie debt ceiling deal to tax code changes

    WASHINGTON — In a little more than a week, the U.S. will hit its debt limit — and the maneuvering has begun against a backdrop of the mid-2011 drama that led to the nation's first-ever credit downgrade.
    WASHINGTON — In a little more than a week, the U.S. will hit its debt limit — and the maneuvering has begun against a backdrop of the mid-2011 drama that led to the nation's first-ever credit downgrade. An improving economy and higher taxes,...

    Tags: Politics, Credit and Debt, Bonds, Economy, Business and Finance, Consumers

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