Mortgage News

When I started writing about real estate full time, the experts cautioned me not to chase month-to-month data, and to focus instead on quarterly and yearly figures.

Mortgage buyer Freddie Mac said Thursday that the nationwide average rate for a 30-year loan rose to 4.15 percent from 4.12 percent last week.

The UK economy is recovering at a 'striking' pace but there are 'substantial risks' to the outlook, according to the incoming deputy governor of the Bank of England.

House prices surged by 8.8% annually in June in the strongest uplift seen since 2007 as consumer confidence continues to rise, Halifax has reported.

Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.

In the case of the Federal Reserve's unprecedented stimulus program that has been a big driver of the five-year stock rally, the end is finally near.

Federal Reserve officials are in broad agreement that they will likely announce an end to their monthly bond buying program in October, bringing to a close the third round of massive bond purchases the central bank has relied upon to boost economic growth following the Great Recession.

The Canadian dollar gained Wednesday amid stronger-than-expected figures for Canadian housing starts, and ahead of a key employment report on Friday.

U.S. District Judge J. Curtis Joyner in Philadelphia ruled June 30 that Mortgage Electronic Registration Systems and its parent company, Merscorp Inc., collectively known as MERS, violated Pennsylvania law by using its members-only database to circumvent county recorder of deeds offices.

Citigroup is nearing a $7B settlement deal over shoddy mortgages, sources familiar with the deal say, reports The Wall Street Journal.

There's only one game in town Wednesday and that's the latest insight into Federal Reserve thinking on interest rates.

Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the matter said on Tuesday.

Federal Housing Finance Agency director Mel Watt on Tuesday kicked off a new push to get eligible homeowners into the Home Affordable Refinance Program , or HARP, beginning with a town hall meeting in Chicago.

The markets tumbled on Tuesday, amidst a new report on the ongoing impact of the mortgage crisis.

U.S. stocks are falling in midday trading Tuesday as investors await corporate earnings reports this week.

Learn about this year's finalists and see who won the 2013 MT Award. 2013 MT Awards: 10X Award The 10X Award honors a company, product or technology that's had an exponential impact on mortgage finance.

Navy fireboats battle flames aboard the USS Nevada after it received several direct hits from Japanese torpedo planes on Dec. 7, 1941.

"We will be back in business starting July 14, live and ready to go," said Stan Foraker , executive vice president, mortgage banking, said Monday.

The report by the Federal Reserve released Monday says 83 percent of the 4.2 million borrowers covered by the January 2013 settlement, or about 3.4 million, had cashed checks as of April 25. The amounts paid range from several hundred dollars to $125,000.

A new report says homeowners have received about $3.1 billion in cash under a federal settlement with 13 big banks over alleged misconduct in processing mortgages that may have resulted in wrongful foreclosures.