mortgage - updates

Rappler's latest stories on mortgage


10 years ago: A harbinger of 2008 financial crisis

Aug 15, 2017 - 1:30 PM

The first signs of the 2008 financial crisis showed up in August 2007

IN THE RED. In this file photo, an investor reacts as he monitors the share index at a private stock market gallery in Kuala Lumpur on September 18, 2008. AFP file

Deutsche Bank, Credit Suisse agree billion-dollar settlements in U.S.

Dec 23, 2016 - 1:09 PM

UPDATED Deutsche Bank will pay a total of 7 2 billion while Credit Suisse will pay almost 5 3 billion

SETTLEMENT. The headquarters of Germany's biggest lender Deutsche Bank is seen in Frankfurt am Main, western Germany, October 29, 2015. File photo by Daniel Roland/AFP

How to get the best deal out of your future home

Aug 30, 2016 - 9:54 PM

Before you take the plunge take these 5 steps to get the best home deal and make the most out of your purchase

Robredo cuts red tape in socialized housing projects

Aug 21, 2016 - 9:30 PM

The number of requirements is reduced from 27 to 9 as Vice President Leni Robredo vows to streamline all processes

HOUSING CHIEF. As the head of the Housing and Urban Development Coordinating Council (HUDCC), Vice President Leni Robredo wants to resolve the backlog of 1.4 million houses for poor families.

Subsidies to gov’t-owned firms rise by 200% in Q1

Jun 07, 2015 - 10:27 PM

The National Electrification Administration Philippine Children’s Medical Center and the National Irrigation Authority were the biggest beneficiaries of gov’t help

Filipino couple in Las Vegas sentenced in mortgage scam case

Mar 20, 2015 - 5:27 PM

The couple collects a total of 63 000 in their Zero Mortgage Program

Helping overseas Filipinos manage their finances

Mar 19, 2015 - 7:15 PM

Startup Qwikwire aims to empower Filipinos abroad by ensuring that their hard earned money is well spent

Secure a home loan that adjusts to your lifestyle

Jan 21, 2015 - 1:20 PM

Getting a loan and keeping up with the monthly amortizations is achievable with a flexible home loan plan

SC issues TRO on GSIS control of San Jose condo

Oct 12, 2014 - 12:01 AM

This is not the first time a multi million loan was obtained from the government through the GSIS using property as collateral and later hounded by disputes

DBM releases P1.2B for informal settlers' housing project

May 25, 2014 - 8:39 PM

The housing project will adopt a Community Mortgage Program approach wherein an organized community will initiate and manage their own project

British culture minister quits over expenses claims

Apr 10, 2014 - 7:37 AM

British culture minister Maria Miller resigns after pressure from media and political opposition for overclaiming for a mortgage on her home

MARIA MILLER. Former British Culture Secretary Maria Miller departs Downing Street following a cabinet meeting in London, Britain, December 11, 2012. Andy Rain/EPA

Senator wants tax incentives for first-home buyers

Apr 04, 2014 - 11:26 AM

Senator Juan Edgardo Sonny Angara believes that the government should help Filipinos attain their dream of owning their first home

Palace: No letter received from Olympian's mother

Feb 12, 2014 - 6:06 PM

The Malacañang Records Office does not have any record of receiving a letter from the mother of Winter Olympic figure skater Michael Martinez

EVERYTHING ON THE LINE. With little government support, the family of Michael Christian Martinez's family mortgaged their home to send him to Sochi. Photo by Andrej Isakovic/AFP

JPMorgan agrees to record $13-B deal for mortgage misdeeds

Nov 20, 2013 - 6:49 AM

The deal includes 9 billion in payments to authorities and 4 billion in relief to consumers – mainly homeowners

People walk by JP Morgan Chase & Company headquarters in New York in this file photo. JPMorgan Chase has agreed to a $13 billion deal to settle complaints over mortgages and mortgage securities by the US government and several states, the New York attorney general said November 19, 2013. AFP PHOTO/Emmanuel Dunand

Risky financial crisis derivatives return in new form

Aug 21, 2013 - 4:09 PM

Collateralized debt obligations the complex financial instruments that cratered disastrously in the financial crisis are back

US sues Bank of America for fraud over mortgage bonds

Aug 07, 2013 - 7:35 AM

The Department of Justice civil complaint alleges Bank of America lied to investors about the riskiness of the mortgage loans backing the securities ahead of the housing bust

FRAUD. The US Dept of Justice says Bank of America lied to investors about the riskiness of its mortgage loans during the housing bust. AFP Photo

7 ways to earn in foreclosures

Jul 28, 2013 - 12:03 AM

Buying foreclosed property is not necessarily like living out of other people s misery

JPMorgan to slash 19,000 jobs by 2014

Feb 26, 2013 - 11:35 PM

The Wall Street bank reported earnings of 21 3 billion in 2012 up from 19 billion a year earlier but revenue that slightly missed market expectations

MASSIVE LAYOFFS. New York City Police office at the entrance to the JP Morgan Chase World Headquarters on Park Avenue in this July 13, 2012 file photo in New York. AFP PHOTO/TIMOTHY A. CLARY

S&P faces US govt suit over mortgage bond ratings

Feb 05, 2013 - 11:30 AM

S P says the Justice Department civil suit targets its ratings in 2007 of certain collateralized debt obligations which triggered the 2009 global crisis

US sues Bank of America for $1-B over bad mortgages

Oct 25, 2012 - 10:08 AM

The US government charged that Countrywide Financial and Bank of America which took over Countrywide in 2008 ran a program to process mortgages and ship them to Fannie and Freddie as fast as possible with little effort spent on ensuring the loans were viable