Japan’s economy grew faster than expected in the fourth quarter with a stimulus-fueled rebound in domestic demand and a corporate investment revival masking rising deflationary pressure and the risk of a slowdown in 2010. » Read more…
Category Archives: Japan Economy
Japan GDP jumps as stimulus masks deflation crisis
Posted by MORTGAGE BLOG NEWS on March 5, 2011
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How mortgage market has tightened
Posted by MORTGAGE BLOG NEWS on March 2, 2011
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In 2006, Arthur Brito, a self-employed Bay Area landscape designer, and his wife were prequalified for a $625,000 home loan. After being priced out of the housing market by inflated values, they started looking again last year, but quickly learned that the mortgage crisis had changed their fortunes: They now qualified for a loan of only $280,000. » Read more…
J.P. Morgan Widens Mortgage Review to 41 States
Posted by MORTGAGE BLOG NEWS on March 2, 2011
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J.P. Morgan Chase & Co. widened its review of foreclosures to 41 states and 115,000 loan files, the latest U.S. bank to take a more comprehensive look at its documentation to ensure all information is accurate. » Read more…
Mortgage Damage Spreads
Posted by MORTGAGE BLOG NEWS on March 2, 2011
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The unfolding foreclosure-processing debacle is causing bank stocks to slide and putting millions of delinquent borrowers in limbo. » Read more…
Bank of America ends freeze on foreclosures in 23 states
Posted by admin on February 23, 2011
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The mortgage servicer will begin asking for court approval to seize homes next week. In California and 26 other states, however, it will continue to review the legality of its foreclosure documents.
Bank of America Corp. ended its freeze on foreclosures in 23 states earlier than some analysts had expected, but it is still reviewing its actions in California and 26 other states to make sure its attempts to seize homes complied with the states’ laws. » Read more…