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mortgage rationing is set to become more severe in 2009 without government action, a lenders' group warns.
fannie says indymac has $1 bln in mortgage obligations: report
fannie mae , the largest u.s. home funding company, believes that failed mortgage lender indymac has obligations to repurchase around $1 billion of home mortgages that failed to meet fannie's standards, the Wall Street Journal said, citing people familiar with the situation.
u.s.-backed banks could be mortgage aid tool: sources
washington (reuters) - a network of government-backed lenders could become conduits for fresh mortgage financing under a plan being mulled by u.s. policy-makers, sources familiar with the plan said on tuesday.
investor sues to block mortgage modifications
the battle over the mass modifications of troubled mortgages has begun in earnest. on dec. 1, william frey, a private investor in mortgage-backed securities, filed a lawsuit in new york state supreme court alleging that the proposed modification of some 400,000 home loans originally underwritten by the defunct lender countrywide financial is illegal.
