Mortgage News

STAMFORD, Conn. After a lengthy career with escalating responsibility that took Darlene Lee into board rooms and away from mortgage origination, the New Canaan woman has returned to her roots of helping people get mortgages in her new role as a senior mortgage loan officer with the Washington Trust Co.

Two Md. residents pleaded guilty Monday and Tuesday to conspiring to commit wire fraud in connection with a mortgage scheme involving the purchase of two properties located on North Patterson Park Avenue in Baltimore, Md.

Two Memphis men have been indicted on several mortgage fraud-related charges which prosecutors say netted them more than $500,000.

Retirement costs a lot more money than we realize. Columnist Rodney Brooks speaks with video host Hadley Malcolm about why $2 million in savings is the new $1 million.

RUMOURS the age pension will be targeted in the federal budget are causing worry amongst older Australians and a seniors advocacy group has appealed to Tony Abbott for answers.

A new Bank of England report has found that business lending contracted by 500 million in the three months to February Business lending continued to shrink in the three months to February despite the improving economy, according to a Bank of England report.

Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.

The federal Consumer Financial Protection Bureau on Monday released a report about the problem of "automatic defaults" on private student loans.

National Australia Bank's head of personal banking says fierce competition in the $1.2 trillion mortgage market is pressuring profit margins from home lending, as lenders scramble to win customers.

The News Tribune reports that Emiel Kandi of University Place has agreed to pay more than $830,000 in restitution to the federal Department of Housing and Urban Development.

The average annual income drops by two-thirds upon retirement and the average person retires with an annual income almost a quarter less than the minimum wage, according to a major financial provider.

The investment objective of ROI Canadian Mortgage Income Fund is to provide unitholders with attractive risk adjusted, monthly, tax advantaged cash distributions, a nominal after-tax current yield, long-term capital appreciation and preservation of capital by investing primarily, directly or indirectly in, or by obtaining economic exposure through ... (more)

Personal finances are top of mind for many people this month, thanks to last week's federal income tax filing deadline and the fact that April is National Financial Literacy Month.

Bill Edwards, who joined IberiaBank Mortgage Co. last year, will become its president and CEO when Chuck Quick retires in July.

Australians spent a record $70.1 billion on credit cards between December and February - almost 8 per cent more than during the previous summer.

Do you dream of paying off your mortgage ahead of time? Perhaps you want to be mortgage-free when you retire, when the mortgage interest deduction packs less of a wallop.

Rising stamp duty costs helped to hike the average expense of moving home to 8,248, a Lloyds Bank report found Surging stamp duty costs have helped to push the average expense of moving home to A 8,248, a report has found.

For older homeowners who own their homes outright or have small loan balances, a reverse mortgage might sound like an excellent way to supplement a lower income once they stop working.

What better time than Easter Sunday, the celebration of resurrection and redemption, to enjoy an inspiring modern true story of recovery? Brought to us by UP TV, Apple Mortgage Cake is based on the true story of a single mother of three, Angela Logan, whose baking skills save her home from foreclosure - and help her boys rediscover faith and hope! ... (more)

Residential mortgage lending has been in a nosedive since the end of the refinancing boom last year, heralding leaner times for big Michigan-based lenders such as Quicken Loans and Flagstar Bank.