Mortgage News

Adjustable-rate mortgages, one of the main culprits of the housing crisis, are back in vogue.

The price of their Fillmore, Calif., home rose enough in the past few months for Owen and Wana Klasen to get an equity line of credit to fund upgrades.

The 442-page draft from the Democratic chairman of the Senate Banking Committee and the panel's top Republican would keep in place current terms of the government's bailout of the two companies that require them to sweep all their profits into the U.S. Treasury.

Because you are putting your house up for collateral, the stakes are even higher than a traditional loan.

Robert Serao faces up to 30 years in prison and a $1 million fine when he's sentenced June 24. The 48-year-old Berkeley Township resident pleaded guilty Friday to conspiracy to commit wire fraud.

George Osborne said a new garden city is to be built in the Thames estuary and the Government's controversial Help to Buy scheme for home purchasers is to be extended until the end of the decade Plans for tens of thousands of new homes have been unveiled by George Osborne with the development of a garden city on the Thames estuary and a A 6 billion ... (more)

Already, nearly 30 percent of those who qualified for relief have defaulted again.

After being separated for three years, a Gallatin veteran and his family are together and have one less thing to worry about.

Instant access and cash Isa accounts have suffered around 20 rate cuts a month on average over the last year and a half, consumer group Which? has found.

Buying a home can be a stressful, complicated process, but the ladies at Central City Credit Union's Mortgage Center hope to build a better buying experience.

The housing shortage in Bedfordshire is pushing house prices and private rents out of reach for local workers, according to a new report - with the crisis set to get even worse by 2020.

U.S. government bonds held at the Federal Reserve for foreign central banks and other overseas investors plunged by a record $104.5 billion in the latest week, a drop that rattled some investors and sparked speculation about who might be doing the selling or transferring.

Gov. Jerry Brown and Controller John Chiang unlawfully redirected $369 million in homeowner relief secured by Attorney General Kamala Harris, according to a lawsuit filed in Sacramento Superior Court on Friday morning.

The Federal Reserve's controversial bond-buying program, designed to stimulate the U.S. economy, generated interest income of $90 billion in 2013, an audit of the central bank confirmed Friday.

Several community assistance organizations are suing California, alleging the state improperly diverted nearly $370 million that was intended to help homeowners struggling with foreclosures.

The Government's programme of taxpayer-funded support for first-time home buyers should be cut back amid fears rising house prices could push up interest rates, shadow chancellor Ed Balls has said.

The cost of owning a family-sized home in the UK is now almost A 1,500 a year cheaper than renting, according to research.

The legislation, which cleared Congress on Thursday, reverses much of a 2012 overhaul of the government's much-criticized flood insurance program after angry homeowners facing sharp premium hikes protested.

The banks, which include Bank of America, Citigroup and JPMorgan Chase in the U.S., are among the world's largest.

The financial health of Canadian households improved ever so slightly in the final three months of 2013, a development that will give some comfort to the Bank of Canada in maintaining its low-interest-rate policy.