Mortgage News

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.

If you are self-employed, live in a rural area or don't have the best credit, you may find it increasingly difficult to get a mortgage.

The United States faces a retirement funds crisis: a rapidly growing number of people who retire without the financial capacity to support themselves during ever-increasing life spans.

After initially moving higher from the previous week, mortgage rates hit a bit of a lull this week.

A federal judge has dismissed mortgage discrimination lawsuits filed by the City of Miami against Citigroup Inc and Wells Fargo & Co, following the dismissal of a similar lawsuit against Bank of America Corp earlier this week.

When I started writing about real estate full time, the experts cautioned me not to chase month-to-month data, and to focus instead on quarterly and yearly figures.

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.

The UK economy is recovering at a 'striking' pace but there are 'substantial risks' to the outlook, according to the incoming deputy governor of the Bank of England.

House prices surged by 8.8% annually in June in the strongest uplift seen since 2007 as consumer confidence continues to rise, Halifax has reported.

Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.

In the case of the Federal Reserve's unprecedented stimulus program that has been a big driver of the five-year stock rally, the end is finally near.

Federal Reserve officials are in broad agreement that they will likely announce an end to their monthly bond buying program in October, bringing to a close the third round of massive bond purchases the central bank has relied upon to boost economic growth following the Great Recession.

The Canadian dollar gained Wednesday amid stronger-than-expected figures for Canadian housing starts, and ahead of a key employment report on Friday.

U.S. District Judge J. Curtis Joyner in Philadelphia ruled June 30 that Mortgage Electronic Registration Systems and its parent company, Merscorp Inc., collectively known as MERS, violated Pennsylvania law by using its members-only database to circumvent county recorder of deeds offices.

Citigroup is nearing a $7B settlement deal over shoddy mortgages, sources familiar with the deal say, reports The Wall Street Journal.