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15.12.2018 - Mortgage rates increased slightly
30-year mortgages rates increased slightly this week, but still remaining below the levels of a year ago after falling steadily for a month.
15.12.2018 - Unencouraging subprime outlook
"We are seeing significantly worse performance of subprime loans originated in 2018," -said a Friedman, Billings, Ramsey & Co. analyst.
15.12.2018 - A couple filed twisted foreclosure lawsuit
In a case that wound through the court system for eight years, an appeals court ruled in favor of a couple and against Washington Mutual.
14.12.2018 - Fannie Mae filed a lawsuit against KPMG auditor
Fannie Mae claims auditor KPMG is to blame for mistakes made in financial statements that led the giant mortgage company to restate earnings last week.
14.12.2018 - Mortgage outlook is under doubts
"This next year could be a very productive session of congress," - said the Mortgage Association of America's senior vice president for government affairs and public policy.
14.12.2018 - Delinquency of subprime loans increases
The rate of delinquency on one-to-four unit residential loans was 4.67 percent in the third quarter, according to the report of the Mortgage Bankers Association.
13.12.2018 - Investment banker accused in predatory lending fraud
The ninth circuit court of appeals in San Francisco upheld an earlier ruling against Lehman Bros. by a lower federal court.
13.12.2018 - Countrywide fundings fell in November
The fundings totaled $37.8 billion in November, Countrywide Financial Corp. reported Tuesday.
13.12.2018 - A swindler from Los Angeles will face charges in mortgage fraud scheme
A local real estate developer accused of running a $50 million mortgage fraud scheme arrived in the United States from Samoa on Tuesday to face federal criminal charges.
13.12.2018 - Outstanding mortgages exceeded $12 trillion
Outstanding mortgage debt exceeded $12 trillion in October as it was in the previous month, according to the statement by the U.S. treasury secretary.
12.12.2018 - Freddie Mac forecasts housing recovery in 2019
The December 2018 Economic Outlook published by Freddie Mac's Office of the Chief Economist last week reports that the office has finally changed its interest rate projection for the year.
12.12.2018 - Mortgage borrowers will enjoy a new right
Congress passed legislation which will allow borrowers to write-off the cost of mortgage insurance premiums, the Mortgage Insurance Companies of America announced Monday.
12.12.2018 - Unfair attorneys were arrested
In Miami, an attorney who was also an affordable housing developer has been arrested on public corruption charges.
11.12.2018 - Mortgage employment raised in October
Mortgage jobs totaled 507,400 in October, the Bureau of Labor Statistics said today.
11.12.2018 - Your credit scores depend on paying bills
According to the published report, paying the bills on time for as little as one month can raise a modest credit score by 20 points.
11.12.2018 - Dollar rises ahead of Fed meeting
The dollar increased against the euro on Monday ahead of this week's U.S. Federal Reserve meeting.
11.12.2018 - Mortgage fundings fell in November
Mortgage fundings fell to $4.5 billion in November, according to the report of New Century Financial Corp.
08.12.2018 - Long-term and short-term mortgage rates fell for a sixth straight week
Mortgage rates fell for the sixth week in a row, to nearly the lowest level of the year, as a slowing housing market helped keep rates down, a report said Thursday.
08.12.2018 - Study challenges vintage performance
The report published by a research managing director for Friedman, Billings, Ramsey Group Inc. examined the potential reasons why subprime loans originated in 2005 are experiencing higher default rates.
08.12.2018 - Renovations do not bring much cost at resale this year
Renovation costs are shooting higher and homeowners are getting a lot less bang for their remodeling money, according to a survey by the National Association of Realtors (NAR).