Mortgage News

Four years after President Obama promised to crack down on mortgage fraud, his administration has quietly made the crime its lowest priority and has closed hundreds of cases after little or no investigation, the Justice Department's internal watchdog said Thursday.

Senate banking committee leaders announced this week they plan to introduce a bill to dismantle the two mortgage companies.

JACKSONVILLE, Fla. -- Thursday is World Kidney Day at Flagler Hospital, but this is something you don't see everyday.

Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan increased to 4.37 percent from 4.28 percent last week.

Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.11 percent, down from 4.18 percent at this same time last week.

Longer-term fixed mortgage rates may soon be a better deal than variable rates for homebuyers, according to a new report by BMO Capital Markets.

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Millions of renters say they really want to buy their first home this year, but many won't be able to seal the deal.

How to purchase a home under Contract for Deed? A Contract for Deed can be a tricky real estate transaction.

A Manchester man who duped banks out of millions in a scheme that targeted people facing foreclosure was sentenced to six years in federal prison on Monday.

A new report into Canada's hot housing market is trying to calm fears of a coming collapse in prices, saying the biggest threat to home valuations may be government meddling with mortgage rules.

Jefferies LLC will pay $25 million to resolve U.S. criminal and civil investigations into its mortgage bond trading, after one of its former traders was convicted for defrauding clients, and authorities said they are investigating whether other individuals broke the law.

A once high-flying Goldman Sachs trader dubbed "Fabulous Fab" was ordered Wednesday to pay more than $825,000 in one of the prominent cases stemming from the mortgage meltdown that helped spark the Great Recession.

Federal prosecutors say a New York-based investment bank and broker-dealer has agreed to pay $25 million in penalties for misleading customers when it came to trading in residential mortgage-backed securities.

After more than two and a half years of court proceedings, the 35-year-old pled guilty to fraudulently getting his hands on 1,287,955 for two mortgages.

State lawmakers are considering a proposal aimed at softening the impact of new federal flood insurance rules on many coastal homeowners.

California approved a $10 million mortgage reserve program to make PACE energy efficiency programs more bankable for homeowners and property owners via property tax payments.

In this photo taken on March 7, 2014, police tape is seen outside a home in Pontiac, Mich., where the mummified body of a woman was found in the garage DETROIT - The family of a woman whose mummified body likely was found in a suburban Detroit garage had tried for years to find her and even reached out to police to check the home, relatives said ... (more)

Builders Capital Mortgage Corp. announced today that it has appointed Victor P. Harwardt, BA, LLB, to its Board of Directors.

Bank of England governor Mark Carney has said the economy will move from recovery to expansion this year but insisted interest rate rises will be gradual as Britain continues to face "extraordinary times" for many years.