Mortgage News

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 ...

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 ...