Mortgage

Wealthy Homeowners Threaten Housing Recovery

Luxury homeowners are panicking at the prospect of paying millions of dollars more in capital gains taxes from next year. Their soaring desperation could eventually cripple housing prices.

Angry Protesters Confront Spain's Foreclosure Policies

A Spanish activist group fighting against bank-ordered evictions has stepped up its protest activity and embraced law-breaking -- and sometimes violent -- methods to stop the physical removal of families from their homes.

Why Are US Rents Hitting Record Highs?

During the second quarter, average rents increased to record levels in 74 of the 82 U.S. markets tracked by real estate data firm Reis Inc. (NYSE: REIS), according to a report released Thursday. A number of factors are driving the trend.

US Mortgage Rates Hit New Low Of 3.62%

U.S. 30-year fixed-rate mortgages fell to a record low of 3.62 percent, its 10th such weekly record low in the last 11 weeks, following weak economic data, mortgage financier Freddie Mac said Thursday.

Thinking About Buying A US Home? Think Carefully

U.S. mortgage interest rates for 30-year, fixed loans are at/near 40-year lows. Further, while there's nothing like owning a home, for several reasons 'this is not your father's housing market.' There are pitfalls and pratfalls, and prospective buyers would be wise to review these five tips before taking the plunge.

Citibank India Reports 35% Surge In FY12 Net Profit

The Indian division of the U.S.-based Citibank Tuesday reported a 35 percent rise in its net profit in 2011-2012 fiscal year, driven by robust growth in their corporate and retail banking and mortgage businesses, the bank said in a statement.

California Passes Strong Mortgage Protections

California, the state with the second most foreclosures by volume, has passed one of the strongest laws in the country seeking to protect homeowners from improperly losing their homes.

FHA Won't Implement Mortgage Restriction

The Federal Housing Administration (FHA) won't adopt a new restriction that could have prevented thousands of prospective home buyers from obtaining low-cost mortgages.

Reverse Mortgages Could Rise, But Beware: Report

A wave of retiring U.S. baby boomers may lead to an increase in unconventional loans known as reverse mortgages in coming years, but the practice comes with risks, according to a report released Thursday by the Consumer Financial Protection Bureau.

ECB May Toss Rule Book On Bond Collateral: Report

The European Central Bank may soon ease its lending standards in what appears to be an effort to prevent Spain's sovereign debt crisis from worsening, according to reports published Thursday. But the move could also impair the credibility of ECB.

California Road Rage Victim, Jerry Patterson, Says He Wishes He Never Left His Vehicle [VIDEO]

A driver involved in a Southern California freeway brawl that was captured on video and went viral on the internet, said he regrets getting out of his and should have called the police. Jerry Patterson, a mortgage consultant and father of three said he suffered a concussion from the incident when three brutes had attacked him on the freeway, repeatedly punching and kicking him in the head.

Pessimistic Fed Gives Markets 6 More Months Of Twist

The powerful rate-setting committee of the Federal Reserve decided to extend its current strategy of manipulating the credit markets to artificially depress the cost of long-term financing, a strategy colloquially known as Operation Twist, until the end of the year.

Fed Possibilities

Chairman Bernanke will announce his policy decision Wednesday at 12:30 EST, and considering the recent escalation in the European debt crisis

Imagining U.S. Housing Without Fannie Mae And Freddie Mac

The dissolution of Fannie Mae and Freddie Mac, the two largest U.S. mortgage guarantors, would have only a minimal impact on home ownership level, according to a new report that downplays the link between low interest rates and increased ownership.

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