Mortgage News

Dozens of online subscription businesses have popped up offering to ship boxes of different goodies within a given niche or theme, like makeup or travel, each month.

Among their biggest worries is a change in the cost-of-living increase, which currently is 3 percent compounded annually on their full annual benefit.

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Sales of new single family homes jumped to a seasonally adjusted annual rate of 444,000 in October, up 25.4% from the previous month's revised rate, according to a report issued by the Commerce Department.

Top U.S. banks including Bank of America and Citigroup Inc failed to comply with some provisions of a government settlement to improve mortgage servicing practices, a monitor of the settlement said on Wednesday.

Sales of new homes grew 25.4 percent to a seasonally adjusted annual rate of 444,000, the Commerce Department said Wednesday.

Beginning Jan. 10, banks have to ensure that monthly mortgage payments are affordable, a result of the Dodd Frank law passed in 2010.

Just a few years ago, Morgan Stanley lacked the expertise, infrastructure or desire to do a lot of lending, but today it is making a big push into loans to bridge a profit gap with rivals.

Compared to the civilian population, service members are better at making ends meet, planning ahead and general financial knowledge, according to a new military report on financial capability from the FINRA Investor Education Foundation.

EU antitrust regulators will impose record multi-million euro fines on six banks including Citigroup, Deutsche Bank and Royal Bank of Scotland on Wednesday for rigging key interest rate benchmarks, sources said.

The Canadian Real Estate Association predicts home sales in the country will hit almost 450,000 in 2013, just a hair of a fraction below last year, and home sales in September posted a small increase of just under one per cent over August.

The placement of the third tranche of the seventh emission of non-documentary secured nominal interest-bearing bonds of the Azerbaijan Mortgage Fund started on Dec. 2, according to the Baku Stock Exchange's message.

A measure of U.S. home prices rose only modestly in October, adding to signs that prices have stabilized after big gains earlier this year.

In a major reversal for government efforts to regulate business ventures among real estate brokerage, title insurance and mortgage companies, a federal appellate court has thrown out HUD's long-standing 10-point test that defines key standards for affiliates under the Real Estate Settlement Procedures Act .

The U.S. consumer financial watchdog will soon start supervising the seven largest student loan servicers to ensure they treat borrowers fairly and comply with federal consumer laws, the agency said on Tuesday.

A woman charged earlier this year with 10 counts of communications fraud and engaging in a pattern of unlawful activity is now facing even more charges.

3 IT services provider, has agreed to purchase U.S.-based mortgage services provider Opus Capital Markets Consultants LLC for $75 million to boost its offerings for financial services clients.

Small businesses are still struggling to obtain finance despite lending under a flagship Bank of England initiative more than tripling during the third quarter Small businesses are still struggling to obtain finance despite lending under a flagship Bank of England initiative more than tripling during the third quarter.

But spending on home construction and commercial projects both fell. Overall construction spending increased 0.8 percent in October to a seasonally adjusted annual rate of $908.4 billion, the Labor Department said Monday.

Bank of America will pay $404 million to mortgage buyer Freddie Mac to settle all remaining claims over home loans sold in the previous decade.