Mortgage News

The Quarterly Banking Profile depicts a banking industry that continues to struggle as shown by deteriorating loan quality, increased charge-offs, an increase of 33% in the number of banks on the Problem Bank List, a negative FDIC Insurance Fund balance, the highest level of noncurrent loans on record and...

The secret 62billion: Bank of England kept quiet about massive cash lifeline for RBS and Halifax to avoid a national panic By Sam Fleming Last updated at 11:08 PM on 24th November 2009 The Bank of England secretly loaned 61.6billion to two banks at the height of the financial meltdown last year.

A Virginia Beach man faces up to 30 years in prison after pleading guilty to wire fraud in connection with a mortgage loan scheme.

A South Florida pastor and his wife have been convicted in Miami federal court on charges that they took part in a $7 million money laundering and mortgage fraud scheme.

The Standard & Poor's/Case-Shiller home price index of 20 major cities released Tuesday rose 0.3 percent to a seasonally adjusted reading of 144.96 in September.

The number of mortgages approved for house purchase rose to its highest level for nearly two years during October as buyers continued to return to the market, figures showed today.

A former pastor is facing charges over allegations that he falsified documents to take out a loan on church property.

Reporting from Washington - For several years, the Federal Housing Administration has been the go-to financing resource for cash-strapped home buyers who can't come up with a big down payment.

Mortgage finance company Freddie Mac on Monday put its initial loss estimate related to the bankruptcy of Taylor, Bean & Whitaker Mortgage Corp.

Up to four MPs and peers are to face fraud charges over the expenses scandal by early in the New Year, it emerged today.

By Jack Guttentag , Monday, November 23, 2009. Flickr photo by MC Quinn . It is often said that the interest on home mortgages is "front-end loaded," implying that the way lenders charge interest is both unfair and self-serving -- possibly even sinister.

Daniel Suelo had a CU Masters degree in accounting and a promising career in 2000 when he began what he calls "an experiment." Since that time nine years ago, he has lived without money.

A senior Federal Reserve official said on Sunday the central bank should keep alive its mortgage-related assets purchase program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.

For the first time in seven decades, Treasury bills are paying no interest while stocks continue to appreciate -- a divergence in U.S. financial markets that might be perilous if Federal Reserve Chairman Ben S. Bernanke didn't know all about 1938.

A mortgage industry trend that requires appraisers to work in unfamiliar neighborhoods is resulting in serious valuation issues, according to a new blog posted Sunday, Nov.

Even before the recession, more than one in five Americans needed help from family, friends or outsiders to pay for basic needs, according to a survey by the Census Bureau.

As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess.

"Hi. I'm Tom and I'm a compulsive spender." So begins a recent gathering of Debtors Anonymous, a support group for those addicted to overspending.

A federal grand jury in Eugene, Oregon has indicted 13 people on mortgage and loan fraud charges.

State officials went to federal court yesterday to force into bankruptcy two troubled Meredith financial firms.