Mortgage News

The U.S. Justice Department is preparing to file civil fraud charges against Citigroup Inc and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with the probes.

The Federal Reserve will decide on Wednesday whether the U.S. economy is finally resilient enough to withstand less policy support, or whether it is prudent to wait a bit longer.

House prices as measured by Quotable Value are rising by just under 10 per cent but Treasury forecasts that will fall to 5 per cent by this time next year.

The recovery of the Bay Area housing market reached a turning point this year as rising prices restored equity to tens of thousands of homes and low interest rates attracted flocks of buyers.

One block from the beach on the narrow Willoughby Spit, Bob Parsons was watching the weather news on TV in November 2009 when brackish water suddenly oozed up through the wood floors of his home and poured in from the front and back doors.

U.S. consumer prices stayed flat in November, held down by falling gas prices. Inflation remains low across the broader economy, giving the Federal Reserve latitude to continue its extraordinary stimulus program.

Learn about this year's finalists and see who won the 2013 MT Award.... 2013 MT Awards: Servicing Trailblazer Award The Servicing Trailblazer Award acknowledges a servicer or vendor initiative, product or platform that uses technology to optimize mortgage portfolio management and ensures efficient communication with borrowers, investors and the ... (more)

Workers guide a vertical girder into place Monday during the construction of a building in Boston's South Boston neighborhood.

A former repair contractor, Ronald Hurst, has been sentenced to two years in federal prison for his role in defrauding a Department of Veterans Affairs mortgage program.

U.S. homebuilders' confidence bounced back strongly this month, suggesting many will ramp up construction and hiring in coming months.

House prices surged by 5.5% year-on-year in October to reach a new record high, official figures have shown.

On Tuesday, Federal Reserve policy makers begin a two-day meeting where many expect they will announce a reduction in their $85 billion dollar monthly stimulus.

Toms River attorney Michael Rumore and Elizabeth tax preparer Kenneth Jones admitted to participating in a scheme defrauding mortgage companies out of $30 million.

The leader of a San Diego mortgage company has been sentenced to 41 months in prison and ordered to pay more than half-a-million dollars in restitution.

The U.S. government could reduce its support for high-cost mortgages as soon as October of next year, a top regulator said on Monday in a statement that amounted to a show of confidence in the housing recovery.

Atrium Mortgage Investment Corporation is pleased to announce an estimated year-end special dividend of $0.05 per share.

Our home has had a reverse mortgage since 2008 when my husband turned 62 years old.

With stocks a whisper from posting a record this year, some investors are latching onto homes that fetch $1 million or more.

Aldermore, founded in 2009, is the latest lender to launch products under the Government's extended Help To Buy scheme One of Britain's newest banks has became the latest lender to launch products under the Government's extended Help To Buy scheme.

Asking prices for houses in England and Wales could climb next year at their fastest rate since 2006, rising another 8 percent due to a shortage of homes on the market, property data firm Rightmove said on Monday.