Mortgage lending loosens in June

Higher loss severities on foreclosures will push servicers to short sales in 2011: Fitch Litigation costs mount at BofA, Chase over foreclosure, mortgage issues Class Action Lawsuit Against Bank of America Over mortgage modification handling july 14th, 2011 by Joseph Washington homeowners have sued Bank of America because the bank is refusing to part with government funds that were to be used to help homeowners who were facing foreclosure.Two Harbors launching this year’s first jumbo RMBS Soon after the launch. Two Harbors operates as a hybrid mortgage REIT in the U.S. financial sector with around 84% of the investment portfolio invested in Agency residential mortgage backed.