1 hr ago
30-year mortgages back above 3.5 percent
Long-term mortgage rates edged higher for the second consecutive week on signs of an improving economy, though rates remain near historic lows.
Fri May 17, 2013
International Business Times
Judge revives Dexia's mortgage lawsuit vs. JPMorgan
That ruling had dismissed claims for all but $5.7 million, or less than 1 percent, of the roughly $774 million of damages that Dexia had sought from the largest U.S. bank.
WPTV Local News
Elks Lodge treasurer accused of gambling
A member of the Elks Lodge #2714 in Sebastian used the group's money to gamble at adult arcades, according to the Sebastian Police Department.
Las Vegas Herald
Suspended attorney pleads guilty in mortgage fraud case
A suspended Las Vegas lawyer has pleaded guilty in a federal mortgage fraud case and agreed to pay nearly $3.3 million in restitution.
First-timers face jumbo-mortgage hurdles
Getting a home loan is hard enough, but first-time buyers who want a jumbo mortgage have even higher hurdles to clear.
Fed hawks unite in call to retreat from mortgage stimulus
Federal Reserve Bank of Dallas President Richard Fisher speaks about the concept of breaking up 'too big to fail' banks to a breakout group at the Conservative Political Action Conference in National Harbor, Maryland, March 16, 2013.
Sacramento Bee Newspaper
The Mortgage Professor: Cash-out loans can cost a pretty penny
Borrowers who withdraw cash when they refinance are viewed as riskier than those who don't, because the cash withdrawal indicates possible financial distress - and that perception can raise a borrower's costs.
Thu May 16, 2013
Study: Gen X to be hit hard in retirement
Boomers lost a significant chunk of their retirement nest eggs in the recession, but it was members of Generation X who were really hit the hardest, according to a report released Thursday.
Contra Costa Times
Bay Area median home price soars in April
In a new milestone for the Bay Area's recovering housing market, the median price paid for all types of dwellings in April crossed $500,000 for the first time in nearly five years, according to a report released Wednesday.
US rate on 30-year mortgage rises to 3.51 pct.
Average U.S. rates on fixed mortgages rose this week but stayed near their historic lows.
Myrtle Beach Online
Real estate Q&A: With retirement in full view, try to avoid refinancing
QUESTION: I have five years left until I pay off my 30-year mortgage. I received an offer to refinance, which certainly is tempting, but I'm getting pretty close to retirement.
Obama's assets worth between $1.8M and $6.8M
Required by law, the forms allow public officials to list their assets in broad ranges, such as between $1 million and $5 million, which makes it difficult to determine a precise net worth.
US government set to make record profits from student loans, more than top corporations
As student loan borrowers are getting crushed under massive student debt, the federal government's student loan program is set to turn about $51 billion in profit, according to predictions from the Congressional Budget Office .
Wed May 15, 2013
Homeless woman who lived in Eastrop Park for months tells how she rebuilt her life
VICKY Ball went from being a successful woman with a family, career and mortgage to living in a tent in Basingstoke's Eastrop Park in the space of three years.
KESQ-TV Palm Desert
Deficits falling faster than expected
Annual deficits are falling even faster than the Congressional Budget Office predicted back in February.
US homebuilder confidence rises in May from April
Confidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest outlook for sales over the next six months in more than six years.
The New Zealand Herald
NZ houses overvalued by 25pc - IMF
New Zealand housing is already overvalued by about 25 per cent and if it continues to rise may force the Reserve Bank to hike interest rates, according to the International Monetary Fund.
Flaherty dismisses fears over housing slowdown
Home sales have fallen across Canada and new housing starts are also down, but Finance Minister Jim Flaherty says he is not worried, calling the slowdown a "healthy'' development.
Tue May 14, 2013
NY court dismisses fraud claims vs. Goldman over Abacus CDO
A New York appeals court dismissed a case against Goldman Sachs Group Inc brought by a bond insurer who claimed it was fraudulently induced to insure the bank's Abacus product tied to subprime mortgages.
Fannie Mae Is The Most Profitable Company On Earth
We all know that $83 billion is a huge amount of profits but how does this compare to the earnings of other hugely profitable companies such as Apple, Exxon Mobil or Microsoft? Profits of $83 billion are almost twice as much as the most profitable company in the world makes. Fannie Mae profits of $83 billion almost equals the combined income of...