Mortgage News

Mortgage buyer Freddie Mac says the average rate for the 30-year loan rose to 4.33 percent from 4.27 percent last week.

A scheme to allow people with unsustainable mortgages give up ownership of their homes and rent them instead has seen less than 2% of applications approved.

U.S. Rep. Mark Takano claims the lending device for seniors is held together by "glue and tax dollars" and needs reform.

Homebuyers could find themselves turned down for a mortgage because of their gym memberships, phone bills and pension payments, under new rules introduced this weekend, experts have warned.

Every percentage point increase in mortgage rates will cost homeowners an extra $20 a week for every $100,000 owed to the bank.

Rob Carrick talks to David Larock, a mortgage broker with Integrated Mortgage Planners, about why homeowners may want to consider variate-rate mortgages as we head into the spring buying season Rob Carrick talks to David Larock, a mortgage broker with Integrated Mortgage Planners, about why homeowners may want to consider variate-rate mortgages as ... (more)

Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dealing a setback to the housing market recovery.

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.