Mortgage News

Lloyds, one of the world's largest banks, on Monday became the sixth financial firm sanctioned in the international rate-rigging scandal.

Real estate website operator Zillow Inc. is buying its rival in a $3.5 billion deal that will make the biggest player in the online real estate information market.

Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.

An NHS worker is facing jail over a fraud that saw hundreds of thousands of pounds meant for vital cancer drugs fleeced from a world renowned hospital and used on shopping sprees and mortgage payments.

Legislative aide Sara Stevens, 27, knows interest rates are low, rents are high and owning a home can build wealth, but after witnessing the worst real-estate slump since the Great Depression, she is resisting buying a home of her own.

ME Bank will undercut the big banks' record-low five-year fixed mortgage rates, amid predictions competition in the $1.3 trillion market will remain intense as smaller lenders benefit from lower funding costs.

The market is slightly lower after a couple of underwhelming early earnings results, while Healthscope enjoys a modest lift on debut.

The U.S. mortgage market has enjoyed historically low mortgage rates for so long that the pool of potential refinance customers has shrunk dramatically, forcing mortgage professionals to not only layoff employees, but to also seek a new audience in which to concentrate their business.

A home is seen for sale July 30, 2013 in Gilbert, Ariz. Adults carrying mortgage loans may plan to keep the mortgage loans to use it for tax deductions.

Households are paying off their home loans faster as banks slash interest rates to record lows, with National Australia Bank saying 85 per cent of its mortgage customers are ahead of their minimum repayments.

Ferguson alleges Delay My Sale Date and US Recovery Program have taken advantage of homeowners by falsely promising they can delay or prevent foreclosure.

TOP ISSUE AND PLAN TO ADDRESS IT: My top priority will continue to be promoting economic growth and providing families and businesses a fair opportunity to be financially secure.

Power Trip: A lineman reaches for a lift from a helicopter Wednesday as work continues on twinning power lines that run from Calgary to Edmonton near Carstairs, Alberta.

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A deal to resolve a U.S. regulator's claims against Goldman Sachs Group Inc over mortgage-backed securities sold to Fannie Mae and Freddie Mac leading up to the financial crisis could cost the bank between $800 million and $1.25 billion, according to a person familiar with the matter.

THERE are several things to consider before you join the big bank's mortgage war and fix your interest rate, writes Jessica Irvine.

It's a miracle! Royal Bank of Scotland lives again as a semi-functional bank capable of delivering pleasant profit surprises to its owners .

Mechanics Bank President and CEO Christa Steele is making her mark on the $3 billion community bank.

"Not one dollar of principal has been lost during my time in office," he said. "I am proud of our record of interest earnings and portfolio gains.

Amortization, the word, stems from the Latin "mort," meaning death. In real estate speak, it literally means to "kill a loan" over a defined period of time.