Mortgage News

In this Friday, May 25, 2012, photo, roofers shingle a new home under construction in Columbia Station, Ohio, Friday, May 25, 2012.

The million-dollar home of former Tennessee Titans star Eddie George and his wife Tamara will be auctioned off June 7 -- to the surprise of the Georges.

ST. AUGUSTINE, Florida - John Delaney of St. Augustine is bewildered, wondering why a mortgage company not his own changed the locks on his home without his knowledge.

A 184-count indictment handed down yesterday marks the first -- and as yet, only -- criminal charges filed against a group of bankers for falsifying mortgage documents "so that they could earn commissions and fees by ensuring that otherwise unqualified borrowers would receive loans." The fraudulent loans were then sold to Fannie Mae , after which ... (more)

NEW YORK Walter Investment Management Corp. on Friday said its Green Tree unit will begin servicing about 4,000 Bank of America Corp.

All President Barack Obama wanted to do was go home.No, not to the fancy government house in Washington.

Midgets are losing ground to dwarfs in the mortgage bond market as borrowers lock in Federal Housing Administration loans ahead of fee increases.

A new pilot program could help many Nevada homeowners underwater on their mortgage lower their loan amount and refinance their debt.

U.S. employers created only 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up.

The U.S. Environmental Protection Agency is concerned that permitting for the southern segment of the proposed Keystone XL pipeline could be insufficient and has asked for a more extensive review.

Russia's ruble has slumped to a three-year low as oil prices keep hurting this oil price-dependent country.

With the 15-year rate in sub-3% territory, about 3 in 10 refinancers are opting for loans of less than 30 years.

Investors stampeded into U.S. government bonds Thursday, driving the interest rate on the 10-year Treasury note as low as 1.54 percent, a record.

Federal officials say more than two dozen bus operations that transported more than 1,800 passengers a day along Interstate 95 between New York and Florida have been shut down for safety violations.

SunTrust Mortgage Inc. has agreed to pay $21 million to settle a federal lawsuit alleging racial discrimination in its lending practices, documents filed Thursday in U.S. District Court show.

Manhattan's top prosecutor says it's "premature" to say how confident he is that a former stock clerk is the person who killed a boy who vanished in 1979.

Mortgage rates continued to plunge to new lows this week, with interest rates on the 15-year fixed rate mortgage dipping below 3 percent for the first time on record.

Average U.S. rates on 30-year and 15-year fixed mortgages dropped to record lows again this week, with the 15-year loan dipping below 3 percent for the first time ever.

A New York bank and 19 ex-employees have been indicted on charges of issuing hundreds of millions of dollars of fraudulent mortgages that were later peddled as promising securities to unwitting investors.

Student loan debt hit $904 billion in the first quarter of 2012, up from $241 billion a decade ago, according to the Federal Reserve Bank of New York quarterly household debt report.