Mortgage News

An offset mortgage is a proven and tax-efficient way to cut your mortgage costs, and it's surprising that more people aren't taking advantage, particularly now that interest rates on savings accounts are at rock bottom.

Two women and five men have been charged this morning over an alleged mortgage fraud scheme involving over $9 million.

"Several other states have identified similar recurring deficiencies by the participating servicers," Schneiderman said in a letter dated May 23 to the monitor for the settlement, former North Carolina Banking Commissioner Joseph Smith.

ANZ Bank has today dropped in its one-year fixed mortgage rate by 24 basis points for lenders with a minimum of 20 per cent equity.

This week's turbulence in Tokyo markets exposes a key risk of Prime Minister Shinzo Abe's all-in strategy to revive Japan's economy - if investor confidence falters, the government and the Bank of Japan may be left with few options to turn the tide.

QUESTION: My husband and I co-signed a loan for our son and his now ex-wife. Our son stayed in the home but fell behind on the payments, and the home was in foreclosure.

Mike Buckley has worked 10-hour days seven days a week to prepare his four beach properties for the summer rental season, but with Memorial Day approaching, he has a sinking feeling that many of his tenants are migrating south.

Ally Financial Inc. has agreed to pay $2.1 billion as part of a settlement plan to resolve potential financial claims stemming from its mortgage division, Residential Capital LLC, which is in bankruptcy proceedings.

RATES RISE: Average U.S. rates on fixed mortgages rose this week to their highest levels since mid-March. Even with the gains, they remained close to historic lows.

Former World War II Army squad leader and Medal of Honor recipient Vernon McGarity has died at age 91, a funeral home said Thursday.

U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high.

Remember that Obama campaign ad featuring Mitt Romney singing "America the Beautiful" to scenes of Caribbean islands where the GOP nominee had invested some of his considerable wealth? So do Republican senators who plan to question Commerce Secretary nominee Penny Pritzker about her own off-shore assets at a confirmation hearing today, a ... (more)

New home sales edged slightly higher once again in April as the housing market continues to give a lift to the U.S. economy.

Seven million college students are on track to see their federal loan rates double this year unless Congress acts ahead of a July 1 deadline when subsidized Stafford loan rates will increase from 3.4% to 6.8%. The U.S. House will vote Thursday on a Republican plan to head off the increase inspired by an unlikely source: President Obama.

Why did Jones pay more for his mortgage than Smith? One possible reason is that they borrowed at different times, when market conditions were different.

We are now heading toward the end of the spring homebuying season, and mortgage rates remain near record-low levels.

Buying a new home or refinancing a house currently owned is something that a lot of Americans are going for.

The number of Sacramento-area homeowners who owe more than their homes are worth continued tumbling in the first three months of this year, real estate tracking firm Zillow reported Wednesday.

Investors Continue to Drive Home Price Increase Pro Teck CEO Tom O'Grady discusses the April 2013 Home Value Forecast, featuring the Los Angeles, Atlanta and Warren, Mich.

Almost a third of Canadian households report never or almost never having any money left to save after paying their bills, according to a new study issued Wednesday.