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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 67-77
  • FBI arrests two men in alleged $110-million Ponzi scheme

    FBI arrests two men in alleged $110-million Ponzi scheme
    FBI agents arrested the owners of a now-closed Southern California real estate investment firm for allegedly using the business to run a Ponzi scheme in which victims lost more than $110 million. John Packard, 63, of Long Beach and Michael Stewart, 66,...
  • Two men are accused of running $110-million Ponzi scheme

    FBI agents arrested the owners of a now-closed Southern California real estate investment firm on an indictment accusing them of using the business to run a Ponzi scheme that cost victims more than $110 million. John Packard, 63, of Long Beach and...
  • Freddie Mac: Mortgage rates dip again; 30-year average at 4.23%

    Freddie Mac: Mortgage rates dip again; 30-year average at 4.23%
    Weaker signals from the housing markets sent mortgage rates lower for the fifth week in a row, with Freddie Mac reporting that lenders were offering 30-year fixed home loans to solid borrowers at an average of 4.23%, down from 4.32% a week ago. The rate...
  • New federal rule gives home buyers better access to appraisals

    WASHINGTON — A new federal rule could give millions of home buyers insights they've never had before about a crucial element of their mortgage application: the appraisal, including the electronic cross-checks and reviews now used by lenders to...
  • There's no profit in L.A. bashing JPMorgan Chase

    There's no profit in L.A. bashing JPMorgan Chase
    Los Angeles City Councilman Gil Cedillo wants to punish JPMorgan Chase for its various financial misdeeds, possibly by cutting off business with the banking giant. But as city leaders learned a few years ago when Occupy L.A. pushed for a similar...
  • Banks embracing a housing-bubble favorite: interest-only loans

    Banks embracing a housing-bubble favorite: interest-only loans
    Most of the risky mortgages that triggered the financial crisis have disappeared from the marketplace, and lenders will have even more reason to avoid them because of a new federal crackdown on loose lending. But one housing-bubble favorite —...
  • How Canada is not like the United States: Home mortgage edition

    How Canada is not like the United States: Home mortgage edition
    Those of us who write about the housing market and the virtues of the 30-year fixed home loan -- as we did Wednesday -- can calibrate our watches by how long it takes a reader to respond as follows: "Hey, Canada doesn't have 30-year fixed mortgages, and...
  • Freddie Mac: Mortgage rates drift lower, 30-year fixed at 4.41%

    Freddie Mac: Mortgage rates drift lower, 30-year fixed at 4.41%
      Signs that the economic recovery was weakening caused mortgage interest rates to drop early this week, with lenders telling Freddie Mac they were offering 30-year fixed loans to solid borrowers at an average rate of 4.41%. That was down from 4.51% a...
  • Solar energy firms are getting creative in raising funds

    Solar energy firms are getting creative in raising funds
    Solar installer SolarCity Corp. has figured out a way to tap retail investors willing to earn green by going green. The San Mateo company on Wednesday said it plans to offer a way to buy investment products similar to bonds. Instead of being backed by...
  • What JPMorgan's $13-billion settlement won't resolve

    What JPMorgan's $13-billion settlement won't resolve
    NEW YORK -- JPMorgan Chase & Co.'s historic $13-billion settlement with the federal government will pay down a major chunk of the bank's ballooning legal tab. The Justice Department on Tuesday announced the widely expected settlement of faulty...
  • The switch to self-employment has mortgage implications

    I am an unintended consequence. I have loads of money. I own four properties free and clear. I have no debt. My credit file is impeccable. I have a credit score of 760. And I was just turned down for a mortgage. Not just any mortgage, but a cash-out...