Mortgage News

Citigroup will pay roughly $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.

New Zealand house sales fell in June from a year earlier, led by properties of $400,000 or less, indicating the Reserve Bank's restrictions on low-equity loans are curbing demand at the cheaper end of the market.

Asian share markets edged higher on Monday as euro zone banking jitters faded, to be replaced by caution ahead of corporate earnings and a raft of global economic events including testimony from the head of the Federal Reserve.

The $7-billion includes $4-billion in cash to the U.S. Department of Justice, $2.5-billion in consumer relief, more than $200-million to the Federal Deposit Insurance Corporation and just less than $300-million to settle probes by five states, said sources familiar with the negotiations.

My colleague Andy Kiersz recently published the following map, based on data from Zillow, showing where middle class homebuyers are totally screwed.

Dimitris Pikrodimitris took out a mortgage four years ago when he was drawing an annual income of A 27,000 .

House prices in Belper have increased by eight per cent in the space of a year, according to latest figures.

When Melissa and Sam Rubenstein were shopping for a home loan, they figured that because they would likely use a jumbo mortgage - those classified as higher than $625,500 in North Jersey - they'd pay more in interest than if they secured a conventional loan.

We know that sitting all day long, whether at a desk or on the couch, can be bad for your health.

Saving their homes: Families in the Gratiot McDougall Homes project claim the developer Peter Barclae deceived them when he had them sign rent-to-own contracts for their homes and is now trying to sell their properties to a Singapore company.

Paying off your mortgage sooner than the initial life of your loan may sound attractive and there are tools in the marketplace to help you do that.

Mortgage buyer Freddie Mac said Thursday that the nationwide average rate for a 30-year loan rose to 4.15 percent from 4.12 percent last week.

Plans to ease San Francisco's often overlooked home foreclosure crisis will have to wait a bit longer.

In this Wednesday, Dec. 19, 2012, file photo, a man walks past a Wells Fargo location in Philadelphia.

Stocks ended a volatile week with modest gains Friday, but the S&P 500 had its worst week in three months.

Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.

The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.

The Toronto stock market fell Friday amid a disappointing jobs report that showed the Canadian economy lost an unexpected 9,400 jobs in June.

In this July 2, 2014 photo, Ryan Carson, right, poses for a photo with his wife, Jenny Roraback-Carson, and their daughter Clara, 3, in the entry to their home in Seattle.

If dipping into your retirement savings to finally pay off that pesky credit card bill sounds like a good idea, you should probably think twice.