Mortgage News

The Federal Reserve gave no indication in its written statement Wednesday that it plans to soon scale back its purchases of bonds and other assets, as it continues its efforts to boost the U.S. economy.

The Federal Reserve gave no indication Wednesday that it plans to scale back its purchases of bonds and other assets, as it continues its efforts to boost the U.S. economy.

An Orange County employee of mortgage giant Fannie Mae has pleaded not guilty to charges that he demanded kickbacks to provide listings of repossessed homes to a real estate broker.

A new report says homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers.

Employees say Bank of America encouraged them to lie and falsify records in order to push more accounts into foreclosure.

Mortgage rates have spiked over the past few weeks, rising at the fastest pace since 2010, sparking fears that the housing market could weaken and undermine the country's economic recovery.

Tim McGraw is pleased to be working again with Operation Homefront and Chase in giving homes to America's veterans.

U.S. builders stepped up home construction in May and applied for permits to build single-family homes at the fastest pace in five years.

Chairman Ben Bernanke will be pressed to settle the wave of confusion and speculation that's consumed investors since he spoke to Congress last month about the Fed's drive to keep long-term interest rates at record lows.

The number housing starts rose 7 percent to an annual pace of 914,000 homes, according to a government report out Tuesday.

Hayes, 33, was arrested by police and the Serious Fraud Office last December as part of an inquiry stretching from the U.S. to Japan.

The radical idea of using eminent domain to seize underwater mortgages and cut them down to current market value appears to have firm support among city officials.

The Toronto stock market closed higher Monday as traders bought into stocks beaten down in a string of recent declines while hoping for more clarity from the U.S. Federal Reserve on whether it might start to ease up on stimulus measures.

Executives with OneWest Bank have announced that more than 700 workers will lose their jobs as the company is acquired as part of a $2.53 billion deal.

The number of Canadian homes sold so far this year is slightly higher than projected and it looks as if 2014 will show a rebound, according to a new forecast by the Canadian real estate industry's main association.

For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months.

The Supreme Court agreed Monday to take another dispute involving race, deciding whether people must prove they were victims of intentional housing discrimination to win lawsuits under federal law.

Builders are eyeing the next wave of potential home buyers - the so-called millennials - but whether this rising generation will embrace big mortgage debt remains an open question.

Concern that the Fed would start reducing the amount of financial assets it is buying has been the main factor behind the volatility that has gripped markets over the past few weeks.

That's the question - and the fear - Chairman Ben Bernanke will face this week when he takes questions after a Federal Reserve policy meeting.