Mortgage News

Nearly 20,000 Nevada homeowners have received an average of about $97,000 as part of the $25 billion national settlement over questionable foreclosure and lending practices by some of the nation's largest financial institutions.

While the average African-American is feeling more financially secure, many still feel neglected by the financial industry, new research shows.

April brings a 22nd consecutive month of growth with sales up 9 percent compared to the month previous.

Lachlan Kennedy: Good evening, Lachlan Kennedy with a special interest rate update.

This compares to 999m worth of mortgages issued in the last quarter of 2012 and 450m worth in the first quarter of last year.

Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.

Lenders tightened home equity standards a couple of years ago, and it has been hard to leverage all the equity in a home because about 10 to 20 percent must remain untouched.

The purchase price of Miami's highly rated City National Bank of Florida is at the center of a potential criminal case now unfolding in Spain.

Senate Joint Resolution 18 would amend the Texas Constitution to authorize the Reverse Mortgage for Purchase program and would enhance consumer disclosure requirements for all reverse mortgage loans in Texas.

Moore spoke out after a new report prepared by Tory and Lib-Dem MPs from the Scotland Office and the Treasury said the prospect of a new "border" between businesses operating across the UK raises complex questions about regulation, compensation schemes and protection.

Our National Mortgage Settlement coverage here, on DeadlineNews.Com, is bolstered by our coverage elsewhere, so you don't miss any settlement news we report.

Santa Barbara Mortgage Lender Austin Lampson joined the On Q Financial, Inc. team, serving as a Senior Mortgage Consultant to the firm.

Mortgages rates have reversed the downward trend seen much of 2013 and headed uphill in recent weeks.

Banks have paid less than half the $5.7 billion in cash owed to troubled homeowners under nearly 30 settlements brokered by the government since 2008, delaying help to the millions of victims of discrimination and shoddy lending that epitomized the housing crisis, according to a Washington Post analysis of government data.

In order to get in on hot housing markets, amateur investors are buying up homes and taking risky measures -- like tapping their retirement accounts -- to fund the deals.

After years of collecting mortgage payments from as many people as they could, big U.S. banks such as Bank of America and Wells Fargo are scaling back.

A week after the Big 4 passed in full the rate cut in full on their standard variable mortgage rates, initiated another round of rate reductions, this time reducing its one-year fixed-rate home loans to 4.79 per cent.

First Loan: $285,000. Parrott used a special loan program allowing his clients to purchase with a 5 percent down payment and no mortgage insurance, even though one of the clients had credit problems.

CoreLogic said today that home prices are projected to increase 3.9 percent on an annualized basis between the fourth quarter of 2012 and the same quarter in 2017.

The Bank of Ireland may have acted illegally when it increased tracker mortgage rates for 13,500 borrowers by up to 122 per cent.