Financial Regulatory Forum

ANALYSIS – US mortgage investors see headway on second-lien write downs

April 12, 2010

By Al Yoon

NEW YORK, April 12 (Reuters) – On March 17, 2009, a group of mortgage bond investors worried about the losses they could suffer as a result of U.S. foreclosure prevention plans asked top bankers to share the pain by taking some write-downs on $450 billion in home equity loans.

US housing agency subpoeanas 15 FHA mortgage lenders

January 12, 2010

WASHINGTON, Jan 12 (Reuters) – Housing and Urban Development Inspector General Kenneth M. Donohue and Federal Housing Administration Commissioner David Stevens on Tuesday announced that 15 FHA-approved lenders have been subpoenaed to question why so many of their loans are going into default.

ANALYSIS-Extended U.S. bankruptcies killed by cheap debt

October 2, 2009

Cory Lipoff, the Executive Vice President and Principal of Hilco Merchant Resources, LLC speaks at the 2009 Reuters Restructuring Summit, September 30, 2009. REUTERS/Brendan McDermid (UNITED STATES BUSINESS) By Tom Hals
NEW YORK, Oct 2 (Reuters) – Years of easy credit followed by an economic downturn have led to a predictable wave of bankruptcies, but with a twist: layers of debt have essentially killed the expensive, drawn-out bankruptcies of the past.

U.S. asks banks to expand foreclosure prevention

July 10, 2009

House for sale WASHINGTON, July 10 (Reuters) – The Obama administration is asking the largest mortgage finance┬ácompanies to quicken the pace of modifying home loans and so help more troubled borrowers avoid foreclosure. The largest 25 mortgage servicers should appoint a special liaison officer to work directly with government officials who are overseeing the program meant to save as many as 4 million borrowers from foreclosure. (more…)