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Mortgage News

News on Mortgage continually updated from thousands of sources around the net.

2 hrs ago | NewsOK.com

$100 million for firm without offices, 1 agent?

Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements intended to stop them profiteering at the expense of troubled homeowners.

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Related Topix: Home, Mortgage, Personal Finance, Foreclosures

6 hrs ago | Star Tribune

Companies handling troubled mortgages appear to skirt new US rules to prevent abuses

Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements intended to stop them profiteering at the expense of troubled homeowners.

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Related Topix: Mortgage, Personal Finance, Home

7 hrs ago | GPB.org

Fed Continues To Scale Back Economic Stimulus

Earlier this month, Fed Chair Janet Yellen told Congress that the economy is improving but hasn't bounced back all the way The Federal Reserve announced Wednesday that it will ease up slightly on its efforts to stimulate the economy.

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Related Topix: Mortgage, Personal Finance, Home

12 hrs ago | The Modesto Bee

As US job market strengthens, many don't feel it

And the July jobs report being released Friday will likely show a sixth straight month of healthy 200,000-plus gains.

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Related Topix: Home, Mortgage, Personal Finance, Healthcare Law, Law, Business News

13 hrs ago | The Modesto Bee

The Mortgage Professor: Should seniors buying a house do it with a HECM reverse mortgage?

Many home purchasers are seniors. Some become homeowners for the first time, but most have been and want to remain homeowners.

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Related Topix: Home, Mortgage, Personal Finance, Home Listing, Home Buying, Business News

17 hrs ago | Messenger Newspapers

Average house price hits new record

House prices increased to another new all-time high of A 188,949 on average in July but the pace of growth is slowing, Nationwide has reported.

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Related Topix: Mortgage, Personal Finance, Home

Wed Jul 30, 2014

The Jackson Sun

Tennessee woman pleads guilty to conspiracyTennessee woman pleads...

Tennessee woman pleads guilty to conspiracy A Tennessee woman has pleaded guilty to conspiring to get a mortgage by giving false information to a lender.

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Related Topix: Home, Mortgage, Personal Finance, Knoxville, TN

KION 46

Stocks end mixed after pops and drops

Despite strong economic growth and no major surprises from the Federal Reserve, the bulls couldn't quite get it together Wednesday.

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Related Topix: Financial Markets, Home, Mortgage, Personal Finance

Business Journal

Bank of America ordered to pay $1.3B fine in mortgage 'Hustle' case

Bank of America Corp. has been fined $1.3 billion after being found guilty of a Countrywide scheme to sell suspect mortgages to Fannie Mae and Freddie Mac.

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Related Topix: Home, Mortgage, Personal Finance, Banking, Bank of America, Financial Services

WSFA-TV Montgomery

Correction: Debt Study story

In a story July 29 about consumer debt reported to collection agencies, The Associated Press erroneously indicated that 80 percent of Americans have no debt on file.

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Related Topix: Urban Institute, Technical Services, Home, Mortgage, Personal Finance, Credit Card Debt, Texas

Ledger-Enquirer.com

Text of the Federal Reserve's statement Wednesday

Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter.

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Related Topix: Financial Markets, Mortgage, Personal Finance, Home

WYFF-TV Greenville

Federal Reserve stays on cruise control

The central bank has been gradually reducing, or tapering, its monthly bond purchases since January.

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Related Topix: Financial Markets, Mortgage, Personal Finance, Home

The Washington Post

Struggling homeowners wait to get mortgage relief. And wait. And wait.

Troubled homeowners are facing unacceptable delays when they turn to the Obama administration's flagship foreclosure prevention program for help, the watchdog agency that oversees the initiative reported Wednesday.

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Related Topix: Home, Mortgage, Personal Finance, Foreclosures, Sports

Asbury Park Press

Couple get federal prison terms for mortgage fraudCouple get federal...

Couple get federal prison terms for mortgage fraud An NJ couple convicted of fraudulently obtaining $3.4M is now going to prison.

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Related Topix: Federal Prisons, Home, Mortgage, Personal Finance, Prison

West Australian

Genworth flags up to $250m FY profit

SYDNEY, July 30 AAP - Mortgage insurer Genworth has flagged a full year profit of up to $250 million amid higher premiums as a strong property market leads to fewer claims.

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Related Topix: Mortgage, Personal Finance, Home

Tue Jul 29, 2014

KRVN-AM Lexington

YouTube Comedy Star Pays Off Parents' $340,000 Mortgage

Timothy DeLaGhetto typically entertains his 2.5 million subscribers with sex jokes and television parodies.

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Related Topix: Home, Mortgage, Personal Finance, Paramount, CA

Automotive News

Near-record auto lending drives Ally Q2 profit higher

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

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Related Topix: Mortgage, Personal Finance, Home

Times Herald

YouTube celeb thanks parents by paying off their mortgage

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

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Related Topix: Home, Mortgage, Personal Finance, Long Beach, CA

WBTV

Wipe out debt for good

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.

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Related Topix: Home, Mortgage, Home Buying, Credit Card Debt

Vallejo Times-Herald

Fed is weighing key issues but may reveal little

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.

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Related Topix: Home, Mortgage, Personal Finance, Ben Bernanke

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