Finance & Mortgage
- Obama's Budget May Save the Housing Market
April 13 2011 1:19 PM
The president's reforms may have a major impact on the U.S. economy and the housing market in particular.
- Committee Votes to End 2 Housing Aid Programs
March 04 2011 3:20 PM
Republicans in the House Financial Services Committee voted Thursday to end two foreclosure programs that they argue haven’t done enough to help struggling home owners.
- Mortgage Rates Drop Again This Week
March 04 2011 3:18 PM
For the third straight week, long-term mortgage rates inched down, according to Freddie Mac’s weekly mortgage survey.
- BofA Pilots Program to Lower Mortgages
March 04 2011 3:07 PM
Arizona, Nevada, and California are among the states that have proposed using federal aid money to have Bank of America lower the amount struggling borrowers owe on their mortgages.
- 30-Year Fixed-Rate Mortgage Drops for Third Consecutive Week
March 04 2011 8:23 AM
McLean, VA – Freddie Mac today released the results of its Primary Mortgage Market Survey®, which shows a drop in long-term fixed rates
- Ex-Bank Exec Pleads Guilty in Billion-Dollar Scheme
March 03 2011 2:36 PM
A former Colonial Bank executive pleaded guilty to her role in covering up a billion-dollar scheme, which is considered one of the largest cases of fraud from the nationwide mortgage crisis.
- Housing Affordability Soars, Investors Move In
March 03 2011 10:43 AM
It's a good time to buy a home or invest in a property.
- Mortgage Applications Drop 6.5%
March 02 2011 2:10 PM
Mortgage applications dropped a seasonally adjusted 6.5 percent last week compared to the week prior, the Mortgage Bankers Association reports.
- Mortgage Rates Ease Down to Better Pricing
March 02 2011 8:17 AM
This past week mortgage rates eased down to better pricing which is positive news for borrowers.
- Geithner: mortgage costs to rise with reform
March 01 2011 7:24 PM
Treasury Secretary Timothy Geithner said on Tuesday that future mortgage costs likely will be modestly higher after reforms are completed to the national housing finance system.
- Investors Sue BofA, Citing Misrepresentations
February 25 2011 2:26 PM
Bank of America is being sued by investors who want the bank to buy back mortgage loans or pay damages, accusing Countrywide--which Bank of America now owns--of making several misrepresentations about its mortgage loans.
- 30-Year Rates Back Below 5%
February 25 2011 2:13 PM
Mortgage rates were on the decline this week, a welcome sign for potential home buyers or those looking to refinance.
- 30-Year Fixed-Rate Mortgage Eases Just Below 5 Percent
February 25 2011 6:41 AM
McLean, VA – Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows a drop in long-term fixed rates this week.
- Mortgage Applications Jump 13.2%
February 24 2011 2:29 PM
Mortgage loan applications increased 13.2 percent on a seasonally adjusted basis compared to one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications survey.
- Fixed Mortgage Rates This Week Better For Borrowers
February 24 2011 7:58 AM
After slight movement early last week, mortgage rates ended up looking better for borrowers with a decrease of .125% for conforming 30 year and 15 year mortgage interest rates making them more competitive with FHA mortgage rates.
- Homeowners in foreclosure not paid mortgage for 17 months: Report
February 22 2011 12:24 PM
U.S. homeowners facing foreclosure action haven't made a mortgage payment in an average of 17 months, compared to 11 months two years ago, and the time frame may increase, according to a USA Today report.
- Rep. Hinojosa: Talk of Changing MID 'Foolhardy'
February 18 2011 2:07 PM
The mortgage interest deduction is helping to keep Americans in their homes at a time when many of them are struggling financially, so it would be foolhardy to tamper with the popular tax benefit now, Rep. Ruben Hinojosa (D-Texas) said at a forum in Washington yesterday.
- New Fed Rule May Lower Costs for Borrowers
February 18 2011 2:04 PM
A new Federal Reserve rule that takes effect April 1 is expected to lead to lower costs for borrowers, but some experts say it’s going to hurt the mortgage industry.
- Mortgage Delinquency Rates Drop
February 17 2011 3:44 PM
According to TransUnion, more mortgage borrowers submitted their payments on time in the fourth quarter.
- Don't Be Mystified By The Mortgage Maze
February 17 2011 11:03 AM
Years after the housing market tanked and sank the economy, more than 70 percent of Americans say getting a mortgage today is a serious national problem, according to a new study by MortgageMatch.com, a home loan and information site operated by Move, Inc.