A surge in lender filings last month helped send first-quarter foreclosures up 5 percent in Ohio as bank repossessions nationwide hit their highest point in at least a half-decade, according to a Thursday report from
Irvine, Calif.-based RealtyTrac, which compiles and sells foreclosure data, said Ohio logged 15,041 default notices, 7,543 auction notices and 10,637 bank repossessions in the first three months of the year. » Read more…
Financial regulators in Britain and Germany said Monday that they will open investigations to see whether Goldman Sachs’s sale of mortgage securities broke any local laws after the disclosure that two European banks lost money on what U.S. officials allege were fraudulent deals. » Read more…
Mortgage applications in the U.S. rose by the most in seven weeks as the looming end of the homebuyer tax credit helped spark the biggest rise in purchases since January. » Read more…
U.S. mortgage applications bounced from three-month lows last week as potential buyers locked in lower borrowing costs before the federal tax credit expires, the Mortgage Bankers Association said on Wednesday. » Read more…
Former credit rater officials admit industry mistakes
WASHINGTON, April 23 – Former credit rating agency officials said on Friday that the quest for market share fueled a drive for short-term profits, sacrificing credit quality in the process. » Read more…