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.

  • The sign on a Bank of America ATM machine is pictured in downtown Los Angeles
    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.

  • Residential house price have increased
    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.

  • Houses are being constructed in this file photo.
    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.

  • U.S. Secretary of the Treasury Geithner speaks during a session at the World Economic Forum in Davos
    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.

  • Bank of America
    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.

  • Foreclosed Home
    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.

  • The headquarters of mortgage lender Fannie Mae is pictured in file photo
    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.