Home equity loans could be a problem: report --

Despite a recent recovery in housing, new trouble in the U.S. mortgage market may be just over the horizon. Reuters reports on looming problems with bubble-era home equity lines of credit.

S&P: Banks face $104bn liability on mortgage cases --

That talk about the JPMorgan Chase & Co (JPM) settlement being the end of the road? Think again. Credit rating agency Standard & Poor’s said today that they expect U.S. Banks will have to pay between $ 56.5 billion and up to $ 104 billion to put their legacy mortgage issues behind them.

Bank profits take hit, thanks to faltering mortgage lending --

Profits at the nation’s FDIC-insured banks took a dip during the most recent third quarter — the first decline since 2009 — as mortgage lending faltered due to higher rates. Originations dropped 30% in Q3.

In JPM settlement, CA AG Harris raises profile --

They say that AG doesn’t stand for attorney general — it stands for “aspiring governor.” In California, the saying certainly seems true for current Attorney General Kamela Harris, who has been carving out a name for herself by pursuing banks over their bubble-era lending practices.

MERS notches win in Kentucky lawsuit --

A lawsuit in Kentucky brought against Virginia-based Mortgage Electronic Registration Services, or MERS, has been tossed out of U.S. District Court. The case, brought by 14 different Kentucky county attorneys against the mortgage firm, alleged MERS owed Kentucky counties millions of dollars in fees.

Next Page »