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Mortgages

A collection of news and information related to Mortgages published by this site and its partners.

Top Mortgages Articles

Displaying items 23-33
  • Monitor: Banks fulfill relief duty in foreclosure-abuse agreement

    Monitor: Banks fulfill relief duty in foreclosure-abuse agreement
    Five huge lenders that signed a landmark 2012 settlement over foreclosure abuses have completed their obligation to provide billions of dollars in relief to troubled borrowers, according to the former bank regulator assigned to monitor their compliance....
  • Mortgage servicer to pay $268 million to Californians

    Mortgage servicer to pay $268 million to Californians
    California victims of alleged foreclosure abuses will get $268 million in relief from a $2.1-billion national settlement with Ocwen Financial Corp., the nation's largest non-bank provider of mortgage customer service. Ocwen broke state law by improperly...
  • 4 million homeowners climb out of negative equity

    WASHINGTON — The economy may be growing at a frustratingly slow pace, but one piece of it is booming: American homeowners' equity holdings — the market value of their houses minus their mortgage debts — soared by nearly $2.1 trillion...
  • How should couple with age gap tap Social Security spousal benefits?

    Dear Liz: I am 55 and my wife is 65. She only worked a few part-time jobs as she spent most of her working years raising our nine beautiful children. My question is, since she does not have enough credits to collect Social Security on her own work record,...
  • Fannie Mae worker found guilty in foreclosure kickback trial

     Fannie Mae worker found guilty in foreclosure kickback trial
    A former Fannie Mae employee was convicted late Friday of soliciting kickbacks from a broker with promises to steer lucrative listings of foreclosed homes his way. The federal court jury in Santa Ana convicted Armando Granillo of three counts of fraud,...
  • Groups sue Gov. Brown over mortgage settlement funds

    Groups sue Gov. Brown over mortgage settlement funds
    Three community groups sued Gov. Jerry Brown on Friday, demanding he restore more than $350 million in mortgage settlement funds that were used to plug state budget holes two years ago. The money — from California's slice of the $25 billion...
  • Church, housing groups sue Gov. Brown over mortgage settlement money

    Church, housing groups sue Gov. Brown over mortgage settlement money
    A collection of religious groups and homeownership advocates sued California Gov. Jerry Brown on Friday demanding that he return about $350 million from the 2012 national mortgage settlement that was used to plug holes in the 2013 state budget. The...
  • Justice Department's watchdog faults mortgage fraud prosecutions

    Justice Department's watchdog faults mortgage fraud prosecutions
    The U.S. Justice Department used faulty statistics to overstate its mortgage-fraud prosecution efforts and ranked mortgage-fraud last in its list of priorities despite public pledges to combat these types of crimes, an internal watchdog said Thursday. ...
  • Freddie Mac: Mortgage rates on 30-year loan rise from 4.28% to 4.37%

    Freddie Mac: Mortgage rates on 30-year loan rise from 4.28% to 4.37%
    Mortgage rates edged higher early this week, with Freddie Mac’s survey showing lenders offering 30-year fixed-rate loans to solid borrowers at 4.37%, up from 4.28% a week earlier. The average rate for a 15-year fixed home loan rose from 3.32% to...
  • Key senators agree on plan to replace Fannie Mae and Freddie Mac

    Key senators agree on plan to replace Fannie Mae and Freddie Mac
    WASHINGTON — Congressional efforts to shut down bailed-out Fannie Mae and Freddie Mac took a significant step forward with bipartisan agreement from key senators on a plan to overhaul the housing finance system. The proposal released Tuesday would...
  • Key senators agree on plan to replace Fannie Mae, Freddie Mac

    Key senators agree on plan to replace Fannie Mae, Freddie Mac
    WASHINGTON -- Congressional efforts to shut down bailed-out Fannie Mae and Freddie Mac took a significant step forward Tuesday as key senators announced bipartisan agreement on a plan to overhaul the housing finance system. The proposal, which will be...