Westpac Raises Mortgage Rate More Than Central Bank (Update1) (Bloomberg)

Dec. 1 (Bloomberg) — Westpac Banking Corp. , Australia’s second-biggest lender, is raising its mortgage rate by almost twice as much as the central bank increased interest rates today.

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Westpac Raises Mortgage Rate More Than Central Bank (Update1) (Bloomberg)

Commercial Mortgage Defaults in U.S. Bank Portfolios Reach 3.4% (Bloomberg)

Dec.

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Commercial Mortgage Defaults in U.S. Bank Portfolios Reach 3.4% (Bloomberg)

Treasury to increase pressure on mortgage industry (USA Today)

The Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help at-risk borrowers.

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Treasury to increase pressure on mortgage industry (USA Today)

Obama administration steps up pressure on mortgage lenders (Los Angeles Times)

Under new requirements to help prevent foreclosures, banks and other mortgage lenders could face fines if they lag in converting temporary home loan modifications into permanent changes by year’s end. With rising foreclosures still threatening the economy, the Obama administration is trying to pump new life into its much-criticized program to lower payments for homeowners at risk of defaulting …

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Obama administration steps up pressure on mortgage lenders (Los Angeles Times)

Real Estate Lawyer’s Suicide a Sign of Desperate Times for Some (Law.com)

James F.

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Real Estate Lawyer’s Suicide a Sign of Desperate Times for Some (Law.com)

Mortgage modifications to get push (Chicago Tribune)

As trial loan restructurings linger, administration wants more permanent solutions — The Obama administration on Monday announced a renewed push to get mortgage companies to convert thousands of temporarily restructured home loans into permanent ones by the year’s end to help keep struggling homeowners from falling into foreclosure.

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Mortgage modifications to get push (Chicago Tribune)

Perpetual mortgage fund redemptions slow (BigPond News)

Perpetual says redemptions from its mortgage funds have slowed.

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Perpetual mortgage fund redemptions slow (BigPond News)

Mortgage lenders will face more pressure (San Francisco Chronicle)

Faced with sluggish progress in its foreclosure-prevention effort, the Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help borrowers at risk of losing their homes. Treasury Department… Foreclosure - United States Department of the Treasury - Presidency of Barack Obama - Business - Real estate

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Mortgage lenders will face more pressure (San Francisco Chronicle)

Prosecutors: Mortgage fraud focus formalizes partnerships (The Charlotte Observer)

Two of Charlotte’s top federal prosecutors say a new White House initiative targeting mortgage fraud and other financial crime formalizes partnerships that have been crucial to their work.

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Prosecutors: Mortgage fraud focus formalizes partnerships (The Charlotte Observer)

Mortgage pressure rises (USA Today)

The Obama administration will spend the coming weeks cracking down on mortgage companies that aren’t doing enough to help at-risk borrowers.

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Mortgage pressure rises (USA Today)

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