| Aug 16, 2013
| 6:49 PM
WASHINGTON — You may have seen two sets of news reports recently that didn't quite add up: First, President Obama called for the liquidation of Fannie Mae and Freddie Mac, the country's largest providers of funds for home mortgages. Then, Fannie Mae...
| Sep 5, 2013
| 5:18 PM
With mortgage rates rising to levels not seen for two years, it's hard work finding a great deal on a home loan — unless you're rich enough to need a jumbo mortgage.
These loans on steroids certainly aren't for everyone: Jumbos are defined as...
| Aug 14, 2013
| 7:16 PM
Fixed mortgage rates held steady this week, according to home finance giant Freddie Mac, with lenders offering the 30-year home loan at an average of 4.4%, the same as last week.
The average rate for a 15-year fixed loan was 3.44% compared to 3.43% a...
| Aug 13, 2013
| 4:57 PM
There may be a new glitch in Richmond’s strategy to bring mortgage relief to residents using the city's eminent domain powers.
The federal government has raised concerns that participating homeowners may not be eligible to refinance into the kinds...
| Jul 18, 2013
| 8:26 AM
Fixed mortgage rates have settled down along with fears of an abrupt end to the Federal Reserve’s economic stimulus efforts, with the average 30-year home loan rate falling from 4.51% last week to 4.37% early this week, according to Freddie Mac....
| Jun 28, 2013
| 2:22 PM
Congress racked up another F this week, failing to stop a looming increase in student loan interest rates that both parties say they oppose. Friday will be the last day for college students of modest means to obtain a federal loan at the ultra-low...
| Aug 12, 2013
| 7:51 PM
NEW YORK — New York's attorney general has accused an Anaheim lender of illegally charging triple-digit interest rates on personal loans, then hounding borrowers to collect payments when they inevitably fell behind.
The lawsuit, filed late Monday,...
| Aug 9, 2013
| 10:36 PM
Dear Liz: Our son went to an expensive private school and ended up with more than $100,000 in federal and private loans by the time he graduated. My wife cosigned a private loan for $25,000 for the first year, and that was the last we heard of any loans...
| Aug 8, 2013
President Obama this week joined lawmakers from both parties in calling for Congress to wind down Fannie Mae and Freddie Mac, the privately owned but government-backed companies that supply most of the funding for home mortgages in this country. There...
| Aug 7, 2013
| 1:30 PM
The Bay Area city of Richmond had best prepare for legal warfare if it proceeds with its plan to use eminent domain to seize the mortgages of residents who owe more than their homes are worth, housing finance giant Freddie Mac warned.
The city has asked...
| Aug 6, 2013
| 7:47 PM
In twin securities-fraud lawsuits against Bank of America Corp., the federal government is accusing the nation's second-largest lender of lying to investors about supposedly prime loans that more closely resembled subprime "liar loans."
The civil suits,...