Mortgage News

The Los Angeles city attorney sued Wells Fargo and Citigroup on Thursday, alleging the companies engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the housing crash.

One third of people planning to take their first step on the property ladder in the coming months say they are confused about how the new phase of the Government's flagship Help to Buy scheme works, research by a property website has found.

The American Civil Liberties Union has sued the Federal Housing Finance Agency, asking it to disclose efforts to stop municipalities from using eminent domain to bail out underwater homeowners and make its dealings with the financial industry more transparent.

MGIC Investment Corp. and Radian Group Inc. jumped in New York trading after Goldman Sachs Group Inc. recommended investors buy the shares, citing the potential for sales growth amid an improving housing market.

A payday loan is a costly form of credit operating on the fringes of the economy.

RESPA and the Holiday Season As we get closer to the holidays, we think about presents, parties, and RESPA! Ken Perry, president and CEO of Broker Knowledge Group, says he is always surprised to see so many loan originator's getting "confused" around the myth of $25 gifts being OK for referral partners.

University of Michigan student Courtney Funchess, Farmington Hills, helps clean and organize files in the UM School of Nursing, May 9, 2012, where Funchess is doing clerical work this summer to help her pay for school.

Dozens of online subscription businesses have popped up offering to ship boxes of different goodies within a given niche or theme, like makeup or travel, each month.

Among their biggest worries is a change in the cost-of-living increase, which currently is 3 percent compounded annually on their full annual benefit.

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Sales of new single family homes jumped to a seasonally adjusted annual rate of 444,000 in October, up 25.4% from the previous month's revised rate, according to a report issued by the Commerce Department.

Top U.S. banks including Bank of America and Citigroup Inc failed to comply with some provisions of a government settlement to improve mortgage servicing practices, a monitor of the settlement said on Wednesday.

Sales of new homes grew 25.4 percent to a seasonally adjusted annual rate of 444,000, the Commerce Department said Wednesday.

Beginning Jan. 10, banks have to ensure that monthly mortgage payments are affordable, a result of the Dodd Frank law passed in 2010.

Just a few years ago, Morgan Stanley lacked the expertise, infrastructure or desire to do a lot of lending, but today it is making a big push into loans to bridge a profit gap with rivals.

Compared to the civilian population, service members are better at making ends meet, planning ahead and general financial knowledge, according to a new military report on financial capability from the FINRA Investor Education Foundation.

EU antitrust regulators will impose record multi-million euro fines on six banks including Citigroup, Deutsche Bank and Royal Bank of Scotland on Wednesday for rigging key interest rate benchmarks, sources said.

The Canadian Real Estate Association predicts home sales in the country will hit almost 450,000 in 2013, just a hair of a fraction below last year, and home sales in September posted a small increase of just under one per cent over August.

The placement of the third tranche of the seventh emission of non-documentary secured nominal interest-bearing bonds of the Azerbaijan Mortgage Fund started on Dec. 2, according to the Baku Stock Exchange's message.

A measure of U.S. home prices rose only modestly in October, adding to signs that prices have stabilized after big gains earlier this year.