Mortgage News

A suburban Philadelphia man has been sentenced to five years in federal prison for his role in a $14 million mortgage fraud scheme that targeted dozens of homeowners facing foreclosure.

A Texas-based mortgage company has announced it will be eliminating 105 jobs at its Scottsbluff office in western Nebraska.

Sales of existing homes plunged in January to the slowest pace in 18 months, hit by the weather, higher interest rates and rising home prices.

A surging stock market and rebounding home prices boosted Americans' wealth to a record in the final three months of last year, though both trends have slowed so far in 2014.

The 30-year fixed-rate came in at an average of 4.28%, according to Freddie Mac's weekly survey.

House prices surged at their strongest annual rate since 2007 in February amid improving consumer confidence and continued access to cheap mortgage deals, Halifax has reported.

New Zealand's housing market is unlikely to mutate into a US-style bubble, says Standard & Poor's, although rising prices are at the upper level of the credit rating agency's tolerance, it told a briefing in Auckland today.

A U.S. Federal Reserve policymaker who has long criticized its bond-buying stimulus said on Wednesday the program has lasted too long, and there are signs it is now distorting financial markets and encouraging risk-taking.

In conjunction with the assumption of the Loan by , President and Chief Executive Officer of DiamondRock Hospitality Company, stated, "The sale of the Allerton Hotel is a positive event for DiamondRock as we received a principal payment in conjunction with the loan assumption and improved our security.

CASCADE -- A 39-year-old Cascade woman has been charged for allegedly leaving her dog behind in a home she'd lost in foreclosure, where the animal was recently found dead.

Half a decade of emergency low interest rates will be marked tomorrow with another vote by policymakers in favour of no change in borrowing costs.

A DONATION of A 5,000 from Thames Valley Housing is being used to help under-25s in Hillingdon become financially aware.

Your private information may not be safe with your own mortgage lender, even a small one, says cybersecurity firm HALOCK Security Labs.

New York Mortgage Trust released its earnings data on Tuesday. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.11, Stock Ratings Network.com reports.

President Barack Obama proposed spending $1 billion next year for the U.S. Department of Housing and Urban Development to fund a federal affordable housing trust fund established by Congress six years ago, according to the 2015 White House budget.

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Nearly 783,000 homeowners who had their mortgage rates reduced under the government's Home Affordable Modification Program will see their payments increase by an average of almost $200 a month in the next few years, which will likely lead some borrowers to re-default, a federal watchdog warned.

Mortgage rates for 30-year fixed mortgages remained unchanged from last week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.18 percent, the same rate recorded last Tuesday.

U.S. home prices rose in January after three months of declines. A tight supply of homes might have helped boost prices and offset sales slowed by cold weather.