Mortgage News

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.

Statistics Canada says mortgage and consumer credit debt were both up at the end of the fourth quarter of 2013.

A U.S. judge wrestled on Thursday with a U.S. Justice Department request that Bank of America Corp pay $2.1 billion in penalties after being found liable for fraud over defective mortgages sold by its Countrywide unit.

A bill to eliminate exponential rate hikes in the National Flood Insurance Program is on its way to the desk of President Barack Obama.

Four years after President Obama promised to crack down on mortgage fraud, his administration has quietly made the crime its lowest priority and has closed hundreds of cases after little or no investigation, the Justice Department's internal watchdog said Thursday.

Senate banking committee leaders announced this week they plan to introduce a bill to dismantle the two mortgage companies.