Finance & Mortgage
Obama's Budget May Save the Housing Market
April 13 2011 1:19 PM EDT
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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 EST
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.