Mortgage News

At least that's the message from a University of Arizona law professor. Brent White's new paper argues just this tactic, and it is hitting a nerve as the nation's housing crisis enters its fourth year.

Hundreds of people hoping to stay in their homes turned out for a chance to refinance their mortgages at an event in North Carolina's largest city sponsored by a nonprofit group.

Life just got harder for Vikram S. Pandit . A day after Bank of America announced that it would repay its federal bailout money, Citigroup and Mr.

Making a case for his confirmation to a second term as the chairman of the Federal Reserve, Ben Bernanke on Thursday defended unpopular actions he has taken that helped stem a spreading global financial crisis, and offered a mea culpa for the Fed's failure to see the storm coming.

General Growth Properties said on Wednesday that it has filed its plan of reorganization with the bankruptcy court in the Southern District of New York for the 92 regional shopping centers, office properties, community centers and related subsidiaries associated with approximately $9.7 billion of secured mortgage loans.

A lot of people get confused about mortgage insurance. Bill Elliott of Rocky Mountain Mortgage explains what it is and how it works.

Shares of MGIC Investment Corp. /quotes/comstock/13*!mtg /quotes/nls/mtg rose nearly 10% in premarket trading Thursday after the mortgage insurer said the Office of the Commissioner of Insurance for the State of Wisconsin has waived, until Dec.

The average interest rate for a 30-year mortgage dropped to a record low of 4.71 percent this week, pushed down by an aggressive government campaign to reduce borrowing costs.

Reporting from Washington - Home buyers will have to pay more cash upfront to get a mortgage backed by the Federal Housing Agency -- including, possibly, coming up with a larger minimum down payment -- and will need to achieve higher minimum credit scores under changes announced today by Housing and Urban Development Secretary Shaun Donovan.

Westpac increased rates by 0.45 per cent, and many analysts expect other banks to also raise by more than 25 basis points For the past year, the term 'mortgage stress' has been used less frequently as the official interest rate plunged to a 50 year low.

The Federal Housing Administration is proposing to increase the up-front cash paid by borrowers as part of an effort to shore up the agency's finances, which have been staggered by rising defaults in its flagship mortgage insurance program, according to FHA officials.

Bank of America Corp., the nation's biggest lender, will repay $45 billion of U.S. government bailout funds, helping free the bank from curbs on executive pay that have hampered its search for a new leader.

Federal prosecutors accused Lend America in Melville of falsely approving FHA-backed mortgage loans.

A Keefe, Bruyette & Woods analyst upgraded bond insurer Assured Guaranty Ltd. on Wednesday, saying the public offering of 23.9 million shares announced late Monday will help shore up its capital base and protect its investment-grade rating.

U.S. mortgage applications nudged higher last week, data from an industry group reported on Wednesday, as consumers showed a subdued reaction to the lowest interest rates in six months.

Defaults climbed from 1.37 percent a year earlier and from 2.88 percent in the second quarter, the New York-based property research firm said today in a report.

The Treasury Department unveiled sweeping rules this week to help financially troubled homeowners who need to sell but can't get a price high enough to pay off their mortgages.

Reporting from Washington - Go ahead. Break the chains. Stop paying on your mortgage if you owe more than the house is worth.

The nation's mortgage ownership giants, Fannie Mae and Freddie Mac, are offering welcome relief this year to homeowners who cannot pay their mortgage debt.

It's an effort to ratchet up pressure on mortgage servicers, who act as bill collectors on behalf of banks that originate mortgages or investors who own bundles of mortgages pooled together as securities.