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WASHINGTON — Pressured by consumer protection regulators, the Federal Housing Administration is expected to end one of its most controversial practices: charging borrowers interest on their home mortgages for weeks after they've paid off the...
WASHINGTON — Are large numbers of homeowners who have negotiated short sales with lenders at risk because of a startling omission in the American credit system? Do their credit reports and scores indicate that they were foreclosed upon, rather...
Dear Liz: My husband and I are recovering from a job loss four years ago. We used up all our savings and home equity. My husband is now employed, but we are struggling to keep ahead even with a salary of about $100,000. I was a stay-at-home mom for the...
U.S. mortgage rates fell for a fourth consecutive week and the average rate for a 15-year loan hit a new record low, the latest survey of lenders shows. The average rate on a 30-year fixed-rate mortgage was 3.40%, down from 3.41% last week, according to...
Mortgage rates are at their lowest level since January, the widely watched Freddie Mac survey shows, with the average for a 30-year fixed-rate loan dropping to 3.43% this week from 3.54% a week ago. The survey of rates lenders are offering to solid...
WASHINGTON -- The Obama administration's proposed budget projects the Federal Housing Administration will need a $943-million bailout this year to stabilize its shaky long-term finances. The agency, whose mortgage insurance business increased...
WASHINGTON — The federal regulator for Fannie Mae and Freddie Mac took the first major step toward possibly shutting down the taxpayer-rescued firms by deciding to merge some functions of the mortgage financing giants into a new company. The...
Tags: Government, National Government, Freddie Mac, Finance, Politics
How should we reform our broken housing finance system? To what extent should the federal government continue to provide guarantees for mortgage financing, such as the ones it provides for Fannie Mae and Freddie Mac? With Fannie and Freddie in a federal...
Mortgage rates held steady this week, Freddie Mac’s survey of lenders showed, with the 30-year fixed-rate loan at an average of 3.53% for the third week in a row – a great deal for those able to take advantage. The average rate for a 15-year...
A government lawsuit accusing No. 1 home lender Wells Fargo & Co. of defrauding a federal mortgage-insurance program is shaping up as a knock-down battle between the San Francisco bank and the U.S. Justice Department. Wells Fargo lost a round Monday,...
Wells Fargo & Co.’s 25% gain in fourth-quarter earnings provides welcome news for the economy, with the U.S.'s fourth-largest bank showing solid increases in overall consumer and commercial lending and setting aside less cash for potential defaults....
Jun 7, 2013 |Story| Los Angeles Times
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Jan 11, 2013 |Story| Los Angeles Times
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