MORTGAGE

The mainstream news media can’t stop obsessing over Mitt Romney’s tax returns. “Will he or won’t he release them?” they keep asking. What terrible secrets are hidden among Romney’s mortgage interest deductions and depreciation write-offs?

Fannie Mae (OTC: FNMA), the largest government-controlled mortgage backer, reported its second consecutive quarterly profit for the first time in five years Wednesday, but its CEO said the company should cede business to private investors when the housing market finally recovers.

The Federal Reserve sent some strong messages in its latest policy statement that it is heading toward new easing measures to buck up the weak economy. But the central bank may have a different caliber of weapon in mind other than launching another round of large-scale asset purchases, or QE3.

Freddie Mac, the government-controlled mortgage financier, reported a $3.02 billion second quarter profit Tuesday on a stronger portfolio, another sign of an improving housing market.

At what point should the American people intervene and stop Wall Street from giving Grandma the SHAFT? Playing by the rules has become the scam.

In an effort to get her finances together, Nadya Suleman most commonly known as "Octomom" is seeking the highest bidder on a date auction website, exchanging a rendezvous for cash. Octomom, 37, reportedly created a profile on dating website WhatsYourPrice.com with an opening bid of $500 to go on a date with the highest bidder.

The Fed will drop its wavering plans for a fresh spate of monetary stimulus measures, according to Bernard Baumohl, chief global economist at the Economic Outlook Group.

Elizabeth Spiers, the editor of the New York Observer, is leaving the newspaper at the end of August after expanding its digital offerings in the past 18 months, diversifying its revenue stream in a challenging advertising environment.

U.S. 30-year fixed mortgages rates rose for only second time in the past 14 weeks on modest economic improvements, mortgage financier Freddie Mac said Thursday.

A top U.S. housing regulator refused on Tuesday to offer principal reductions for mortgages held by Fannie Mae and Freddie Mac, highlighting a sharp difference in views over the best way to aid the beleagured real estate market.

Some of the results for specific councils are quite shocking,? said Judy Aldred, managing director of SSentif.

A bank equity analyst famous in financial circles for her prescient analysis on the global banking sector said Tuesday morning she sees the financial industry shedding another 200,000 people off the payrolls in the coming months.

Web videos released by the Democratic Congressional Campaign Committee suggests the Republican plan will help millionaires buy more private yachts and mansions.

Popularly known as the "Toxic Tush" practitioner, the fake doctor Oneal Ron Morris who allegedly injected chemicals like bathroom caulk, cement, fix-a-flat, super glue and mineral oil into patients claiming it was silicone in order to enhance their butt, was charged with manslaughter on Thursday and convicted for the death of one of her patients: 31-year-old Shatarka Nuby.

The 30-year U.S. mortgage rate fell to new record low of 3.49 percent in the week ending Thursday, an unprecedented 1.06 percent below last year's value of 4.55 percent, according to mortgage financier Freddie Mac, with the drop reflecting growing concern over the economy.

John Baird, owner of Christian Pilgrim Tours Inc., promised the trip of a lifetime to his devoutly religious clients. In the end, however, the customers lost thousands of dollars and never made it on their vacations to the Holy Land.

Some of local governments are turning to a new tool to fix the problem, known as underwater mortgages: seizing the loans through eminent domain and enacting principal reductions, a move that is attracting praise and controversy.

Millions of Americans have gone broke by buying their dream home and now financial innovation is needed to help savers and mortgage holders get out of debt.

U.S. companies have been finding it much easier to deliver earnings beats, or profits that are higher than expected, as analysts on Wall Street continue to trim their forecasts for earnings growth. However, they might have also come to realize that beating earnings expectations alone is not enough to help their stock prices.

The future of Fannie Mae and Freddie Mac, the two government-controlled entities that guarantee around 60 percent of the U.S. mortgage market, remains uncertain, but their federal regulator is requesting a plan to wind them down and sell their assets.

U.S. existing home sales unexpectedly fell in June, according to the National Association of Realtors, raising fresh doubts about the housing recovery. Here are five important trends taken from the numbers.