User: sandman1965 Topic: real estate
Category: Home Loans
Last updated: Aug 23 2014 07:50 IST RSS 2.0
 
1 to 20 of 5,343    
Goldman in deal worth $1.2B over US bond claims 23.8.2014 Sify Finance
Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the
Also found in: [+]
Goldman Sachs, US agency in mortgage settlement worth $1.2 billion 23.8.2014 TOI: Intl Business
Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a US regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced on Friday.
Also found in: [+]
Buying a home would save average tenant £1,300 a year over renting 23.8.2014 The Guardian -- Front Page
Low mortgage rates mean monthly repayments are less than rent for average three-bedroom house, says the Halifax

Despite rising house prices the average tenant of a three-bedroom house would save £1,300 a year if they could buy it instead of continuing to rent, according to research from the country's biggest mortgage lender, the Halifax. Even factoring in the cost of maintaining and insuring a home, the lender found that with today's low mortgage rates first-time buyers pay an average £677 a month to own a three-bed home, against the £787 a month they would pay to rent the same property.

The gap has grown since last year, when it was £93 a month cheaper to own, according to the Halifax.

Continue reading...
Also found in: [+]
Goldman paying $3.15B over US mortgage bond claims 23.8.2014 Sify News
Goldman Sachs has agreed to pay $3.15 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing
Also found in: [+]
Bank of America agrees $17 billion deal over dodgy mortgages 22.8.2014 TOI: Intl Business
Bank of America agreed on Thursday to a record nearly $17 billion deal with US authorities to settle claims it sold risky mortgage securities as safe investments ahead of the 2008 financial crisis.
Also found in: [+]
Bank of America settlement likely to benefit few 22.8.2014 Sify Finance
Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate
Also found in: [+]
US housing recovery appears to be back on track 22.8.2014 Sify Finance
A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.
Also found in: [+]
US existing home sales rise for 4th straight month 21.8.2014 Sify Finance
Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the
Also found in: [+]
Bank of America agrees to nearly $17B settlement 21.8.2014 Sify Finance
The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department
Also found in: [+]
Affordable housing policies should be tweaked: RBI deputy gov 21.8.2014 Rediff: Business
On the individual front, housing loan rebate on self-occupied property was increased from Rs 1,50,000 to Rs 2,00,000.
Also found in: [+]
Bank of America reaches record $17bn settlement over questionable mortgages 21.8.2014 The Guardian -- Front Page
Deal resolves investigation into mortgage-backed securities sales and is largest settlement arising from 2008 financial crisis

Bank of America has reached a record settlement of nearly $17bn (£10.2bn) to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter have said.

One official, who spoke with AP on condition of anonymity because the announcement was not scheduled until Thursday at the earliest, said the bank will pay $9.65bn in cash and provide consumer relief valued at $7bn.

Continue reading...
Also found in: [+]
APNewsBreak: B ofA reaches $17B settlement with US 21.8.2014 Sify Finance
Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis,
Also found in: [+]
Why Bank of America deal might not cost it $17B 21.8.2014 Sify Finance
How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.
Also found in: [+]
APNewsBreak: BofA reaches $17B settlement with US 21.8.2014 Sify Finance
Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly
Also found in: [+]
RBI Deputy Governor R Gandhi asks bankers to be innovative on home loans 20.8.2014 ET: Policy
In his speech, Gandhi lambasted real estate developers for flaying the bankers and the cautious stance of the RBI for their liquidity issues.
Also found in: [+]
RBI asks bankers to be innovative on home loans 20.8.2014 DNA: Wide Angle
Reserve Bank Deputy Governor R Gandhi on Wednesday asked lenders to be more financially innovative in designing home loan products and suggested creation of a periodic deposit-linked facility. "There is a need with respect to financial innovation, with respect to loan products. One such product would be savings-induced home loans or a home loan deposit," Gandhi told a gathering of realty players here. Gandhi, who handles banking operations and development at the central bank, said such a product will help lenders understand their customers in a better way on parameters like repayment capacity and also make the margin money available for the property purchase. "The willing customers may be induced to generate a savings balance by way of monthly or periodic deposits," he said, adding that home loan can be sanctioned after the deposits reach a certain threshold. The amount deposited by the customer can act as the margin money for the down payment or as a collateral, he said, adding, if implemented, the ...
Also found in: [+]
I joined an idea that someone else had: Deepak Parekh on HDFC 20.8.2014 Sify Finance
Also found in: [+]
US home construction jumps 15.7 percent in July 19.8.2014 Sify Finance
U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.
Also found in: [+]
Documents lost: LIC to pay Rs 2.3L to Delhi couple 19.8.2014 TOI: Cities
The complainants had alleged that they had submitted three documents with the company — fifth and final demand letter, payment challan and conveyance deed — which were ...
Also found in: [+]
Lenders created fresh charge on Bhushan plant in July 19.8.2014 Sify Finance
Banks, including Syndicate Bank, created an additional charge of Rs 3,783 crore on Bhushan Steel’s Khopoli plant in July, days before the arrest of Syndicate
Also found in: [+]
1 to 20 of 5,343