Mortgage News

A federal grand jury in Eugene has indicted 13 people on mortgage and loan fraud charges arising from the collapse of a Central Oregon development company.

Stocks are set to continue their slide when the market opens Friday as the dollar strengthens further, and after a week of mixed economic reports.

The Canadian housing market has seen a stronger and faster rebound from the recession than any other segment of the economy, due in large part to enticingly low mortgage rates.

Rates on 30-year fixed-rate mortgages dropped to their lowest levels since May, Freddie Mac reported on Thursday.

Foreclosures on prime mortgages and home loans insured by the Federal Housing Administration rose to three-decade highs in the third quarter, driven by the biggest job losses since the Great Depression.

But before you rush out to claim your extra cash, take a moment to make sure you're not in the housing market for the wrong reasons. We've found that several of our most cherished beliefs about the value of a home don't hold true:

In this Aug. 20, 2004 file photo, shopppers stroll through Faneuil Hall Marketplace, in Boston.

A gauge of future economic activity and a report on unemployment benefits signaled Thursday that the recovery likely will remain weak in the coming months.

A stronger dollar and more discouraging signs of a subdued economic recovery triggered a broad sell-off in stocks.

While many of his peers are hunkering down in the financial crisis, U.S. Bancorp chief executive Richard Davis is on the offensive.

The Mortgage Bankers Association publishes the results of a weekly applications survey that covers roughly 50 percent of all residential mortgage originations and tracks the average interest rate for 30 year and 15 year fixed rate mortgages, 1 year ARMs as well as application volume for both purchase and refinance applications.

11/18/09 Credit reporting agency TransUnion announced Monday that the overall delinquency rate for mortgages continued to rise for the quarter.

The Federal Housing Administration, the agency that insures home purchases made with down payments as small as 3.5 percent, may create another lending crisis, Toll Brothers Inc.

Two of Canada's big banks said Wednesday they would cut their posted rates for fixed-rate mortgages by up to 0.2 percentage points.

State lawmakers are once again trying to remove some legal protections homeowners now have from being pursued by banks if they walk away from their mortgages.

Authorities in Colorado say a homeowner who was selling his house returned to the property to find a 24-year-old squatter wearing only underwear.

Citing a wide belief that "Wall Street does not play by the same rules as Main Street," Attorney General Eric Holder announced Tuesday the creation of a sweeping state-federal task force to uncover crimes contributing to the recent financial crisis or threatening to cause one in the future.

Consumers lack trust in comparison websites, with one in four people saying they have been able to find better value financial products elsewhere, a survey has shown.

A Maryland woman who stole millions from Washington area homeowners trying to avoid foreclosure is a "vulture" whose case should serve as a warning to other con artists, a federal judge said yesterday before imposing a sentence of more than 12 years.

The number of distressed borrowers in Florida with mortgages owned or serviced by CitiGroup that benefited from foreclosure prevention efforts outnumbered borrowers who were foreclosed on 16 to one during Q309, the bank announced.