Mortgage News

Saving their homes: Families in the Gratiot McDougall Homes project claim the developer Peter Barclae deceived them when he had them sign rent-to-own contracts for their homes and is now trying to sell their properties to a Singapore company.

Paying off your mortgage sooner than the initial life of your loan may sound attractive and there are tools in the marketplace to help you do that.

Mortgage buyer Freddie Mac said Thursday that the nationwide average rate for a 30-year loan rose to 4.15 percent from 4.12 percent last week.

Plans to ease San Francisco's often overlooked home foreclosure crisis will have to wait a bit longer.

In this Wednesday, Dec. 19, 2012, file photo, a man walks past a Wells Fargo location in Philadelphia.

Stocks ended a volatile week with modest gains Friday, but the S&P 500 had its worst week in three months.

Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.

The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.

The Toronto stock market fell Friday amid a disappointing jobs report that showed the Canadian economy lost an unexpected 9,400 jobs in June.

In this July 2, 2014 photo, Ryan Carson, right, poses for a photo with his wife, Jenny Roraback-Carson, and their daughter Clara, 3, in the entry to their home in Seattle.

If dipping into your retirement savings to finally pay off that pesky credit card bill sounds like a good idea, you should probably think twice.

If you are self-employed, live in a rural area or don't have the best credit, you may find it increasingly difficult to get a mortgage.

The United States faces a retirement funds crisis: a rapidly growing number of people who retire without the financial capacity to support themselves during ever-increasing life spans.

After initially moving higher from the previous week, mortgage rates hit a bit of a lull this week.

A federal judge has dismissed mortgage discrimination lawsuits filed by the City of Miami against Citigroup Inc and Wells Fargo & Co, following the dismissal of a similar lawsuit against Bank of America Corp earlier this week.

When I started writing about real estate full time, the experts cautioned me not to chase month-to-month data, and to focus instead on quarterly and yearly figures.

Mortgage buyer Freddie Mac said Thursday that the nationwide average rate for a 30-year loan rose to 4.15 percent from 4.12 percent last week.

The UK economy is recovering at a 'striking' pace but there are 'substantial risks' to the outlook, according to the incoming deputy governor of the Bank of England.

House prices surged by 8.8% annually in June in the strongest uplift seen since 2007 as consumer confidence continues to rise, Halifax has reported.

Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.