Mortgage News

Ahead of the Tape Refinancing 'Stimulus' Is No Slam Dunk Among the measures President Obama may unveil in his major policy speech this week is a plan to make mortgage refinancing easier, so more households can benefit from ultra-low rates.

* Bank shares off on fears on mortgage-related lawsuits * Investors eye fall to 1,100 on S&P * European shares hit two-year closing low on debt worries * Indexes off: S&P 0.7, Dow 0.9 pct, Nasdaq 0.3 pct ...

* Bank shares off on fears on mortgage-related lawsuits * European shares hit 2-year closing low on debt worries * Indexes off: S&P, Dow both 1.8 pct, Nasdaq 1.6 pct * For up-to-the-minute market news ...

* Zero growth in August payrolls, far weaker than expected * U.S. sues big banks over mortgage practices * Bank, energy shares slide; all Dow stocks lower * Indexes down: Dow 2.2 pct, S&P 2.5 pct, Nasdaq ...

* U.S. to sue big banks over mortgage practices * Bank, energy shares slide; all Dow stocks lower * Indexes down: Dow 2.1 pct, S&P 2.5 pct, Nasdaq 2.6 pct * For up-to-the-minute market news see [STXNEWS/US] ...

US financial stocks fell sharply on Friday as executives and investors braced for multibillion-dollar lawsuits from a government agency accusing banks of breaching commitments on the quality of mortgage ...

* U.S. job growth grinds to halt in August * U.S. to sue big banks over mortgage securities * Bank, energy shares slide * Indexes down: Dow 1.5 pct, S&P 1.7 pct, Nasdaq 1.6 pct * For up-to-the-minute market ...

Shares of Bank of America Corp. fell sharply Friday after reports of new government scrutiny of its operations and a pending lawsuit over mortgage-backed securities that lost value in the housing market collapse.

* U.S. job growth grinds to halt in August * U.S. to sue big banks over mortgage securities * Bank, energy shares slide * Indexes down: Dow 1.6 pct, S&P 1.8 pct, Nasdaq 1.6 pct * For up-to-the-minute market ...

* U.S. job growth grinds to a halt in August * U.S. to sue big banks over mortgage securities-report * BofA shares down 7 pct, JPMorgan down 3.3 pct * Indexes down: Dow, S&P both 1.6 pct, Nasdaq 1.4 pct ...

Wall Street is set for opening losses Friday as jitters ahead of jobs data, combined with a newspaper report saying a federal agency is ready to sue banks over mortgages, spook investors.

Wall Street is set for opening losses Friday as jitters ahead of jobs data, combined with a newspaper report saying a federal agency is ready to sue banks over mortgages, spook investors.

Stocks fell Thursday, ending a four-day rally, after regulators took action against a former Goldman Sachs subsidiary over its mortgage and foreclosure practices. Traders were also nervous that a jobs report due out Friday could revive worries of another recession in the U.S.

RALLY OVER: Stocks fell, ending a four-day rally, after regulators took action against a former Goldman Sachs subsidiary over its mortgage and foreclosure practices. Investors were also worried that a jobs report due out Friday could revive fears of a new recession.

The Federal Reserve ordered Goldman Sachs Group Inc to hire a consultant to review practices of a former mortgage subsidiary on Thursday and said it plans to assess a monetary penalty for wrongful foreclosures.

Home prices are still falling and mortgage defaults rising, leading some to think a federal bailout of the housing sector is required. Think again.

The Obama administration is considering a mortgage refinancing 'bailout' for the US housing sector, but a Wall Street critic says it will only make things worse for taxpayers and banks.

NEW YORK, Sept 1 (Reuters) - The U.S. Federal Reserve'sbalance sheet shrank in the latest week with reduced holdingsof agency mortgage-backed securities, Fed data released onThursday showed. The Fed's ...

Goldman Faces Monetary Penalty by Fed Goldman Sachs faces unspecified monetary penalties in an enforcement action by the Fed to address "a pattern of misconduct and negligence" in mortgage servicing.

(Adds details) WASHINGTON, Sept 1 (Reuters) - The U.S. Treasury Departmentsaid on Thursday it took in another $12.7 billion during Augustfrom sales of mortgage-backed securities it bought in 2008 and2009 ...