Mortgage News

With its plan to use eminent domain to seize underwater mortgages still in limbo, the city is mulling the possibility of green lighting another program aimed at its troubled housing market.

The Post Office has been heavily criticised this week after it was revealed it will not offer mortgages for properties in the islands - except Skye as it is an island joined to the mainland by road.

Brutal winter weather snarled traffic, cancelled flights and cut power to homes and factories in February.

A former Wall Street investment banker was found guilty Friday of defrauding investment funds established as part of the federal government's response to the 2008 financial crisis.

A New Mexico judge has issued a $3.2 million judgment against Wells Fargo & Co. for foreclosing on a man's home after his death, even though he had a purchased an insurance policy through the bank that would have paid the remaining balance on his mortgage.

Janesville railroad engineer Joe Martin says he received a March statement that should have been sent to a Madison couple.

David Cameron said the Help to Buy mortgage scheme was bringing "peace of mind" to young home owners as he insisted it was not causing damage to the property market.

U.S. employers stepped up hiring in February despite a blast of harsh winter weather, likely renewing hopes that the economy will accelerate this year.

ST. PAUL, Minn. - The number of Minnesota home owners who owe more on their mortgages than their house is worth has declined.

Nobody batted an eyelid. Bills were paid. And life went on as normal in the quiet neighborhood of Pontiac, Michigan.

We do not view them as portending a widespread in... )--SevenTwenty Strategies has hired Ginger Gibson as Vice President of Media Relations and Communications.

A suburban Philadelphia man has been sentenced to five years in federal prison for his role in a $14 million mortgage fraud scheme that targeted dozens of homeowners facing foreclosure.

A Texas-based mortgage company has announced it will be eliminating 105 jobs at its Scottsbluff office in western Nebraska.

Sales of existing homes plunged in January to the slowest pace in 18 months, hit by the weather, higher interest rates and rising home prices.

A surging stock market and rebounding home prices boosted Americans' wealth to a record in the final three months of last year, though both trends have slowed so far in 2014.

The 30-year fixed-rate came in at an average of 4.28%, according to Freddie Mac's weekly survey.

House prices surged at their strongest annual rate since 2007 in February amid improving consumer confidence and continued access to cheap mortgage deals, Halifax has reported.

New Zealand's housing market is unlikely to mutate into a US-style bubble, says Standard & Poor's, although rising prices are at the upper level of the credit rating agency's tolerance, it told a briefing in Auckland today.

A U.S. Federal Reserve policymaker who has long criticized its bond-buying stimulus said on Wednesday the program has lasted too long, and there are signs it is now distorting financial markets and encouraging risk-taking.

In conjunction with the assumption of the Loan by , President and Chief Executive Officer of DiamondRock Hospitality Company, stated, "The sale of the Allerton Hotel is a positive event for DiamondRock as we received a principal payment in conjunction with the loan assumption and improved our security.