Mortgage News

The former financing arm of General Motors Co. said it had earned $323 million, or 54 cents per share, in the second quarter.

Timothy DeLaGhetto posted a YouTube video Monday as he presented his parents with a check of $210,000 to pay off their mortgage.

The average U.S. household owes more than $7,000 on their credit cards. Average U.S. household mortgage debt is around $154,000, and average U.S. household student loan debt is more than $33,000.

This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.

The S&P/Case-Shiller home price index, a closely watched measure of home values.

The Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday, increased 9.3 percent in May from 12 months earlier.

This story is sponsored by Goldenwest Credit Union . a leading provider of financial products and services throughout the state of Utah.

The Zurich-based lender's offices in Germany were searched last year as part of an investigation of 750 cases involving foundations, a probe sparked by a CD with details of UBS clients that was purchased by the German state of North Rhine-Westphalia .

These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student debt pile up, unpaid.

It's been nearly seven years since the market for so-called private-label mortgage bonds, or those that aren't backed by government-related entities, dried up.

Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.

Lloyds, one of the world's largest banks, on Monday became the sixth financial firm sanctioned in the international rate-rigging scandal.

Real estate website operator Zillow Inc. is buying its rival in a $3.5 billion deal that will make the biggest player in the online real estate information market.

Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.

An NHS worker is facing jail over a fraud that saw hundreds of thousands of pounds meant for vital cancer drugs fleeced from a world renowned hospital and used on shopping sprees and mortgage payments.

Legislative aide Sara Stevens, 27, knows interest rates are low, rents are high and owning a home can build wealth, but after witnessing the worst real-estate slump since the Great Depression, she is resisting buying a home of her own.

ME Bank will undercut the big banks' record-low five-year fixed mortgage rates, amid predictions competition in the $1.3 trillion market will remain intense as smaller lenders benefit from lower funding costs.

The market is slightly lower after a couple of underwhelming early earnings results, while Healthscope enjoys a modest lift on debut.

The U.S. mortgage market has enjoyed historically low mortgage rates for so long that the pool of potential refinance customers has shrunk dramatically, forcing mortgage professionals to not only layoff employees, but to also seek a new audience in which to concentrate their business.

A home is seen for sale July 30, 2013 in Gilbert, Ariz. Adults carrying mortgage loans may plan to keep the mortgage loans to use it for tax deductions.