Mortgage News

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 ...

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 at the height ...

The Federal Reserve orders Goldman to review its mortgage servicing unit on the same day Goldman sold the business.

Shares of Goldman Sachs added to their losses Thursday afternoon following word that he Federal Reserve sanctioned the firm over deficient practices involving residential mortgage loan servicing and foreclosure processing at its former subsidiary, Litton Loan Servicing LP.

The Federal Reserve ordered Goldman Sachs to hire an outside consultant to review mortgage loans serviced by a subsidiary in order to identify and compensate borrowers who were wrongly foreclosed upon, the central bank announced on Thursday.

The Federal Reserve on Thursday sanctioned Goldman Sachs over deficient practices involving residential mortgage loan servicing and foreclosure processing at its former subsidiary, Litton Loan Servicing LP, in what's commonly referred to as the "robo-signing" scandal.

* Jobless claims hit record high in July * Economists cut forecasts for 2011 GDP growth * Credit supply continues to shrink * Major mortgage provider warns on arrears (Adds report on mortgage proposals) ...

* Jobless claims hit record high in July * Economists cut forecasts for 2011 GDP growth * Credit supply continues to shrink * Major mortgage provider warns on arrears (Recasts, adds details) By Carmel ...

U.S. stocks rose on Tuesday, after gauges of Chinese and euro zone economic activity came in less gloomy than feared, but bank stocks fell as investors fretted Bank of America Corp may need to raise capital and could face additional mortgage lawsuit payouts.

Shares of the parents of Moody's Investors Service and Standard & Poor's tumbled Thursday. Reports of a Justice Department investigation into whether the big credit rating agencies improperly graded dozens of high-risk mortgage securities in the years leading up to the financial crisis spooked investors, along with a broad market sell-off.

WASHINGTON, Aug 16 (Reuters) - The U.S. Treasury Departmentsaid on Tuesday it took in $12.7 billion in proceeds on itsinvestment in mortgage-backed securities, including sales ofbonds with a market value ...