Mortgage News

Banks continue to cut fixed-rate mortgages as they fight to win new customers, with ANZ and Westpac the latest to reduce key interest rates to below 5 per cent.

In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year.

The Charlotte Observer reported that documents filed with the North Carolina Commerce Department indicate that RoundPoint Mortgage Co.

Citigroup agreed to pay $7 billion to settle charges that it packaged bad mortgages during the run-up to the financial crisis.

Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.

Mortgage company Freddie Mac says the nationwide average for a 30-year loan was 4.13 percent, unchanged from last week.

In this Wednesday, June 20, 2012, file photo, a worker stands in the early-morning sunlight on a home construction project in Newtown, Pa.

Organizers on Thursday announced a 20-strong competition lineup that includes Ramin Bahrani's subprime mortgage drama "99 Homes," with Andrew Garfield and Laura Dern, and Andrew Niccol's "The Good Kill," starring Hawke as a dissatisfied drone operator.

The number of households creaking with crippling debts may double over the next four years, a think-tank has warned.

Lafayette residents upset at how quickly new construction is changing their town can find solace in the snail's pace of the development formerly known as the Terraces of Lafayette.

Here's a news release from DFI about a couple of companies possibly operating loan modification schemes.

Standard & Poor's said Wednesday that regulators have told the rating agency they are considering taking civil enforcement action against it over ratings it gave to six deals in 2011 involving securities tied to commercial mortgages.

A federal judge sentenced a former Wall Street trader to two years in prison on Wednesday for securities fraud, saying he took advantage of a government bailout program.

Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged.

A California man who recruited straw buyers for a Myrtle Beach area mortgage fraud scheme has been sentenced to five years in prison, according to federal court records.

The Commonwealth Bank has slashed its five-year fixed mortgage rate to a new record low of 4.99 per cent but borrowers should watch out for fees.

The Dorchester Prosperity Center in Summerville is holding the Wednesday event, working with the Trident United Way, Palmetto Goodwill and Family Services, Inc. The groups held a similar workshop last month and because of the large number of people who attended, a second session was organized.

Marlboro man pleads guilty to mortgage fraud Paul Chemidlin, 42, of Marlboro pleaded guilty to information charging wire fraud and distributing and possessing methylone.

Bank of America veteran Steve Boland has been named the new home-loans origination executive for the Charlotte-based bank, filling a newly created position overseeing sales and fulfillment nationwide.

Robert "Rod" Aslesen, 65, of Little Canada, as well as Thomas Rosensteel of Excelsior, Justin Christenson of East Bethel and Dale Wurzinger of Burnsville, allegedly "devised and executed a scheme to defraud mortgage lenders" according to an indictment filed July 9 in U.S. District Court.