| Jul 19, 2013
| 8:06 PM
WASHINGTON — Call it the estate-devouring, nightmare home loan you hope to never encounter: a reverse mortgage with a base interest rate of 9.95%, plus a 50% share for the lender of increases in value of the house after closing, plus a 2%...
| 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....
| Jul 11, 2013
| 8:09 AM
Fixed mortgage rates this week resumed their recent upward trend, with lenders offering 30-year home loans to solid borrowers at an average of 4.51%, according to Freddie Mac.
The average rate, up from 4.29% last week and 3.56% a year ago, is more...
| Sep 13, 2013
| 11:28 PM
WASHINGTON — For homeowners who were looking to the federal government's reverse mortgage program to supply lots of cash for their retirement years, here's a heads-up: The pipeline just got narrower.
Pressed by Congress to slash losses, the...
| Aug 22, 2013
| 6:06 PM
Six years after the mortgage meltdown, delinquencies and foreclosures are way down. Millions of borrowers have cut their housing costs by refinancing at the lowest interest rates ever recorded.
That's great for borrowers and bank balance sheets, but bad...
| Sep 13, 2013
| 11:32 PM
The 2008 financial crisis and its aftermath introduced Americans to a new world of financial jargon and acronyms.
•Subprime: That was the banking industry's designation for mortgages made to borrowers with shaky credit. As the housing...
| Jul 3, 2013
| 7:41 AM
Fixed mortgage rates fell early this week following last week's dramatic surge, with lenders offering 30-year home loans to solid borrowers at an average of 4.29%, according to Freddie Mac.
The average rate had spiked to 4.46% a week earlier on fears...
| Jul 9, 2013
| 9:51 AM
Completed foreclosures dropped off 27% in May from a year earlier, while the backlog of homes in the repossession process fell as well, a new report said.
Research firm CoreLogic said Tuesday there were 52,000 completed foreclosures nationwide in May....
| Jul 1, 2013
| 10:11 AM
Resolving a lingering headache from the housing bust, Citigroup Inc. agreed to pay nearly $1 billion to Fannie Mae to cover Citi's liability for potential flaws in 3.7 million mortgages it sold to the housing-finance giant from 2000 through 2012.
| Jul 2, 2013
| 8:14 AM
WASHINGTON -- The Federal Reserve on Tuesday adopted tougher requirements for banks -- part of an international agreement designed to prevent another financial crisis -- and opened the door to even stricter rules for the nation's biggest institutions....
| Jul 2, 2013
| 10:39 AM
National home prices soared in May, notching increases not seen for more than seven years, according to a new report.
Real estate information firm CoreLogic said Tuesday that home prices rose 2.6% from April and 12.2% over the year -- the largest pop...