| Oct 3, 2013
| 7:54 AM
Mortgage rates have tumbled for the third straight week, with Freddie Mac pegging the 30-year fixed loan at an average of 4.22%, down from 4.32% last week to the lowest level since June.
But what good is a low rate if a lender can't process your...
| Jun 29, 2013
| 5:00 AM
America's failure to solve the continuing mortgage crisis is the most serious lapse in the aftermath of the 2008 subprime meltdown. Several decades of increased homeownership rates in working-class and minority communities have been wiped out. Most...
| 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...
| Aug 8, 2013
| 7:28 AM
WASHINGTON -- Boosted by the housing market rebound, bailed-out mortgage-finance giant Fannie Mae posted its sixth straight quarterly profit in the April-June period and will pay an additional $10.2 billion in dividends to the federal government.
| Jun 26, 2013
WASHINGTON — Nearly five years ago, the subprime meltdown triggered a huge taxpayer bailout of housing finance giants Fannie Mae and Freddie Mac.
Now a bipartisan group of senators has launched the most comprehensive effort yet to clean up the...
| Aug 6, 2013
| 7:29 PM
PHOENIX — President Obama on Tuesday got behind a bipartisan push to replace housing finance giants Fannie Mae and Freddie Mac with a new government approach to mortgage guarantees, criticizing a system that let bailed-out firms profit while...
| Jul 18, 2013
| 5:00 AM
The federal Fair Housing Act was passed 45 years ago, just one week after the assassination of Martin Luther King Jr. Initially the law prohibited discrimination on the basis of race, color, national origin or religion. Over the decades, it has been...
| 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...
| Sep 9, 2013
| 11:26 AM
Regulators plan to lower the maximum size of mortgages that can be backed by Freddie Mac and Fannie Mae, which is now $417,000 in much of the country and $625,500 in expensive areas such as San Francisco, Los Angeles and Orange County.
| Sep 6, 2013
| 9:05 PM
WASHINGTON — Policy changes by two of the biggest players in the mortgage market could open doors to home purchases this fall by thousands of people who were hard hit by the housing bust and who thought they'd have to wait for years before owning...
| Sep 4, 2013
| 4:27 PM
The Federal Housing Administration wants to make it easier for people who have defaulted on their mortgages to get a new home loan with FHA backing.
But there's a catch. To qualify for the break, borrowers must show that their foreclosure or...