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second mortgage News
 Fox News | Citi Exits Broker Biz; Fed Addresses Sticky Second Mortgage Situation Mortgage News Daily This serves as a message to institutions to keep a careful eye on credit quality indicators relevant to credit portfolios, including junior liens (ie second mortgages, home equity lines of credit). To view the full release, White House proposes aid for underwater homeowners White House Press Briefing by Jay Carney, February 1, 2012 Rewarding Homeowners for Good Behavior |
 Bloomberg | BofA's Desoer Will Retire After Helping Guide Mortgage Overhaul BusinessWeek 3 (Bloomberg) -- Bank of America Corp., the second- biggest US lender by assets, said home loans President Barbara Desoer is retiring after aiding a reorganization under co-Chief Operating Officer David Darnell. Desoer, 58, who has spent 34 years at Bank of America home loans president retiring Bank of America's Desoer to retire Bad news for Countrywide MBS investors: LA judge tosses BofA |
 Moneycontrol.com | Goldman to face mortgage debt class-action lawsuit Moneycontrol.com These investors claimed they lost money in the GSAMP Trust 2006-S2, a USD 698 million offering of certificates backed by second-lien home loans made by New Century Financial Corp, a California subprime mortgage specialist that went bankrupt in 2007. Goldman Sachs Faces Mortgage Debt Class-Action Lawsuit Over Misleading Investors Class-Action Lawsuit Against Goldman Sachs Approved |
 Mortgage Strategy | Aldermore planning second 100% LTV deal Mortgage Strategy Aldermore is planning to launch another 100% LTV mortgage in the next few months, Mortgage Strategy can reveal. The lender is looking to offer a variant of its family guarantee mortgage which requires the borrower's parents to deposit savings with the |
 Bloomberg | Parents Snared in $100 Billion U.S. College Debt Trap Risking Retirement Bloomberg With the housing crisis, many families can no longer avail themselves of one popular option for financing university studies: taking out a second mortgage. “A plunge in home prices has erased the equity that many homeowners had just a few years ago,” |
