Bank Group Says Speculators Account for Many Home Defaults
36270
Investors who tried to turn a profit on the housing market are having an outsize influence on surging mortgage defaults in former boom states like California and Florida, a banking industry group said Thursday.
228911
New Web sites have helped to fuel the rampant mortgage fraud that has caused a huge spike in loan defaults.
120233
Defaults have risen rapidly in the underlying mortgages in securities issued in the last half of 2006.
328346
Too many house-rich Americans are borrowing money against their homes to play the stock market, brokerages regulator NASD warned on Wednesday.
117556
Borrowers should be wary of programs that play off their fears of losing their homes when mortgage rates reset to significantly higher levels.
63037
Many regretful or resentful buyers may seek redress from the agents who found them a home and arranged its purchase.
602401
Banks, which have used a glut of cheap  money to help fuel a boom in real estate and leveraged company  buyouts, may face a rough ride when lending conditions turn  sour, the Bank for International Settlements said on Sunday.
342585
A wave of foreclosures could be prevented if the largest federal home-ownership program were open to more delinquent borrowers, according to a study being mulled by the nation's largest mortgage investor group.
760112
More than $1 trillion in U.S. home mortgages have interest rates that will adjust up sharply next year, which could squeeze some owners out of their most important investment.
310619
With home foreclosures surging, senators on Wednesday examined lending practices that especially hurt minorities and seniors and can heighten the risk of default.
555285
Federal bank regulators, worried about a surge in defaults on high-risk home mortgages, on Friday called on lenders to exercise caution in making subprime loans and closely evaluate borrowers' ability to repay them.
103117
Late payments and new foreclosures on U.S. homes rose in the third quarter and are likely to grow as a massive wave of adjustable-rate mortgages reset at higher interest rates, the Mortgage Bankers Association said on Wednesday.
646259
Investment banks and hedge funds may wind up as the top lenders to wannabee home buyers with poor credit.
646365
Some Federal Reserve policymakers worried last month that inflation dangers were growing and that low interest rates might be encouraging excessively risky investments, including speculative home buying.
362204
The Federal Reserve will team with state regulators to police subprime-mortgage lenders and brokers, bridging a gap in oversight that helped fuel record defaults on homes bought by borrowers with weak credit.
139355
The Federal Reserve Board and other federal and state regulators announced plans yesterday to review the practices of lenders who are significant players in the troubled subprime home mortgage market, which typically caters to borrowers with blemished credit.
388968
Danger lurks down the road for people with interest-only mortgages.