Mortgage News

Former Federal Reserve Chairman Paul Volcker on Monday issued a broad defense of a federal rule bearing his name that would prohibit banks from trading for their own profit.

The housing market recovery hasn't taken off yet, but a rally in its stocks sure has.

The Federal Housing Administration could run out of money over the next year and require a $700 million cash infusion from the Treasury Department to stay afloat, according to the Obama administration's budget request sent Monday to Congress.

Two former Bear Stearns executives reached settlements Monday with federal regulators over civil charges they mislead investors about risky mortgage securities when the housing market was collapsing.

In this Feb. 10, 2012 file photo, Republican presidential candidate Mitt Romney speaks in Portland, Maine.

New homes for sale are shown in Oakville, Ont. CMHC says the housing market will remain stable through 2012 and 2013 Canada Mortgage and Housing Corp.

Community banks and credit unions are preparing for a sea change in the world of mortgage financing as the Obama administration moves forward with plans to wind down the operations of mortgage giants Fannie Mae and Freddie Mac, The Washington Post reports.

When President Barack Obama rolls out his 2013 budget proposal Monday, it's likely to unleash another round of political finger-pointing on Capitol Hill.

During 2012, investor fears about the financial condition of banks resulted in the biggest decline in bank stocks since the financial crash of 2008. A weakening economy and fears about massive exposure to insolvent European financial institutions sent bank investors running for the exits.

A borrower who currently has an FHA mortgage has a large advantage over a borrower with a non-FHA loan due to the FHA Streamline Refinance program.

Bendigo and Adelaide Bank has lifted its interest rates by 15 basis points because it says higher funding costs have made its margins unsustainable.

Mitt Romney's next chance to try to persuade conservatives he's one of them comes today at the Conservative Political Action Conference, or CPAC.

Documents detail the terms of a discounted mortgage loan received by U.S. Rep. Howard McKeon from the now-defunct Countrywide Financial Corp.

California Attorney General Kamala Harris said Saturday she is "doubling down" on prosecutions of predatory lending and other cases of lender misconduct in the wake of the $25 billion mortgage settlement announced last week.

I found Cupid sitting in a cubicle. He was working on a computer. He wore a coat over his wings.

Diane Farrar sits at her home in Groton last month with a folder of papers relating to the foreclosure she is facing.

A fresh scandal is sweeping the City this weekend after it emerged that several banks and brokers, including taxpayer-owned Royal Bank of Scotland, dismissed staff amid an investigation into alleged rigging of one the world's key measures of interest rates.

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Florida, the state with the highest percentage of troubled mortgages, may collect almost one-quarter of the national $25 billion foreclosure settlement.

Low deposit mortgage deals are back on offer for first time buyers after the financial crisis left them struggling to get on the property ladder.