Mortgage News

For a talented, creative few, there's David Letterman. For most, there's a labyrinth of paperwork, hard decisions and painful sacrifices that could have dramatic repercussions on their financial health decades from now.

Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs.

Stocks fell in afternoon trading Wednesday on news that several Federal Reserve policymakers in a meeting earlier this month favored cutting back on stimulus programs as early as June if the economy continued to improve.

Canada's housing market is slowing dramatically in terms of both sales and construction, dragging down economic growth and putting some 150,000 jobs at risk in coming years, a mortgage industry association warns in its spring report.

Mark O'Donnell usually books his family's summer vacation in January. For the last dozen years, that meant reserving an oceanfront house for a week in Long Beach Island, a quiet cluster of beach towns on the New Jersey shore.

In this Tuesday, April 2, 2013, photo, Sam and Liz Weidner, of Hudsonville, Mich., view a home for sale in Lowell, Mich.

Nationwide, Britain's biggest building society, grabbed its biggest ever share of the mortgage market last year and saw its profits jump strongly as it continued to attract customers across from discredited high street banks.

Azerbaijan Mortgage Fund under the Central Bank placed 10 million manat of the sixth issue of interest-bearing secured registered bonds, the Baku Stock Exchange said on Monday.

When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper - or increase - its support for the economy.

Oakland County will appeal to the U.S. Supreme Court in its fight against mortgage giants Fannie Mae and Freddie Mac, after an appeals court blocked the county from recovering millions in real estate transfer taxes from the two lenders.

Nearly 20,000 Nevada homeowners have received an average of about $97,000 as part of the $25 billion national settlement over questionable foreclosure and lending practices by some of the nation's largest financial institutions.

While the average African-American is feeling more financially secure, many still feel neglected by the financial industry, new research shows.

April brings a 22nd consecutive month of growth with sales up 9 percent compared to the month previous.

Lachlan Kennedy: Good evening, Lachlan Kennedy with a special interest rate update.

This compares to 999m worth of mortgages issued in the last quarter of 2012 and 450m worth in the first quarter of last year.

Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.

Lenders tightened home equity standards a couple of years ago, and it has been hard to leverage all the equity in a home because about 10 to 20 percent must remain untouched.

The purchase price of Miami's highly rated City National Bank of Florida is at the center of a potential criminal case now unfolding in Spain.

Senate Joint Resolution 18 would amend the Texas Constitution to authorize the Reverse Mortgage for Purchase program and would enhance consumer disclosure requirements for all reverse mortgage loans in Texas.

Moore spoke out after a new report prepared by Tory and Lib-Dem MPs from the Scotland Office and the Treasury said the prospect of a new "border" between businesses operating across the UK raises complex questions about regulation, compensation schemes and protection.