Mortgage News

The Department of Housing and Urban Development announced on Friday that it will lower the loan limits for its Federal Housing Administration mortgage - a loan used by many first-time and lower-income home buyers - from $729,750 to $625,500.

Millennials and homeownership: High rent = cramped...: Millennials are delaying homeownership because they can't afford it and a study out this week finds that even renting is becoming unaffordable.

U.S. banks will be barred in most cases from trading for their own profit under a federal rule approved Tuesday.

The move had cut many younger people out of the frame and pushed more investors into buying properties.

Obama nominated John Koskinen, a retired corporate and government official with experience managing numerous organizations in crisis, to take over the IRS in August.

The Toronto stock market closed higher Monday as investors bought up battered gold miners along with financial stocks that slipped last week in the wake of earnings reports from the big banks.

But Republicans aren't likely to acquiesce lightly. They've blocked the North Carolina Democrat's nomination for months and could still use a collection of procedural hurdles to stymie – or at least delay – the nomination to draw more public scrutiny to the pick.

The nation's wealth rose 2.6 percent from July through September to $77.3 trillion, the Federal Reserve said Monday.

Americans' wealth reached an all-time this summer, buoyed by record-setting stock prices and a healthy recovery in home values.

A tax break for struggling mortgage borrowers ends Jan. 1 and that could mean big tax bills -- and financial hits for their neighbors.

Canada Mortgage and Housing Corp. says housing starts fell in November, with drops in the numbers of both urban multiple and single-detached starts.

Billions of dollars in foreclosure settlements between big banks and government regulators haven't helped Laura Biggs.

Australia & New Zealand Banking Group Ltd., the fastest-growing mortgage lender in October, plans to offer bigger discounts to expand market share in the nation's largest state economy, New South Wales.

Walker and the Military Warriors Support Foundation that he co-created with Lt. General Leroy Sisco helped make the holidays that much more special for U.S. Army Soldier and Purple Heart War Hero Timothy Medford.

Stacey Capps labels samples in the ImmunoReagents lab last week on N.C. State's Centennial Campus in Raleigh.

The Federal Housing Administration has announced plans to reduce its stake in the market, an indication it sees some signs of strength in real estate.

Dear Liz: I will be inheriting around $300,000 over the next year. My instincts are to pay down debt with this money.

The Ministerial Committee for Legislation was scheduled to debate Sunday a bill that would allow same-sex couples to receive the same mortgage benefits granted to married couples.

The city of Los Angeles has filed a lawsuit against Bank of America , the third banking giant accused of mortgage discrimination in minority communities that in turn led to a wave of foreclosures, reduced property tax revenue and increased costs for city services.

A RE/MAX LLC "For Sale" sign stands outside of a home in Seattle, Washington, U.S., on Tuesday, Nov. 19, 2013.