Mortgage

Experian Acquires N4 Solutions

N4 Solutions will be integrated with Experian's existing mortgage group to create a new division.

Housing prices little changed, but 2016 is the most affordable year ever

House affordability has improved owing to a perpetual rise in disposable incomes. Also, reasonably priced interest rates given by banks on home loans have also improved affordability factor

Senior citizens' dilemma: To sell or reverse mortgage your house

You could either sell your house, buy a cheaper house and use the remaining funds as a retirement corpus. Or, you could take a reverse mortgage on your house. But, which option works out better?

JPMorgan's $5 bln settlement on mortgage securities doesn't end its woes

JPMorgan still faces heavy financial burdens. The bank has set aside $23 billion to cover legal costs - and it may need it all.<br /><br />

High rates resulting in layoffs? Citigroup to cut 1,000 mortgage jobs

The bank is cutting about 8 percent of the 13,000 jobs in its mortgage division, with most of the cuts - about 760 - taking place in Las Vegas.Banks including Wells Fargo & Co, JPMorgan Chase & Co and Bank of America have announced thousands of layoffs in their home lending units in recent weeks.<br /><br /> <br /><br /> <br /><br />

US regulator sues UBS, Morgan Stanley, 7 others over faulty securities

A US regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4 billion in mortgage-backed securities to two credit unions that later failed, according to a filing.<br /><br />

Citibank India profit up 41% on commercial banking, mortgage businesses

The bank's mortgage book grew 16.7 percent to Rs 9,949 crore in the year.

BofA, other banks move closer to ending mortgage mess

About $3 bn of Bank of America'ssettlements were part of a larger $8.5 bn deal between 10 big mortgage lenders and regulators to end a loan-by-loan review of foreclosures mandated by the government

HDFC Q2 net up 19% to Rs 1,151 crore

Mortgage firm HDFC today reported 19 percent increase in net profit at Rs 1,151.12 crore for the second quarter ended September 30

Banks need to be more transparent about loan restructuring

Rs 2 lakh crores expected to be restructured in this year. Experts argue that 20 percent of restructured loans will turn bad and hence there is a need for banks to be open about their non-performing assets.