Mortgage News

Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements intended to stop them profiteering at the expense of troubled homeowners.

Earlier this month, Fed Chair Janet Yellen told Congress that the economy is improving but hasn't bounced back all the way The Federal Reserve announced Wednesday that it will ease up slightly on its efforts to stimulate the economy.

And the July jobs report being released Friday will likely show a sixth straight month of healthy 200,000-plus gains.

Many home purchasers are seniors. Some become homeowners for the first time, but most have been and want to remain homeowners.

House prices increased to another new all-time high of A 188,949 on average in July but the pace of growth is slowing, Nationwide has reported.

Tennessee woman pleads guilty to conspiracy A Tennessee woman has pleaded guilty to conspiring to get a mortgage by giving false information to a lender.

Despite strong economic growth and no major surprises from the Federal Reserve, the bulls couldn't quite get it together Wednesday.

Bank of America Corp. has been fined $1.3 billion after being found guilty of a Countrywide scheme to sell suspect mortgages to Fannie Mae and Freddie Mac.

In a story July 29 about consumer debt reported to collection agencies, The Associated Press erroneously indicated that 80 percent of Americans have no debt on file.

Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter.

The central bank has been gradually reducing, or tapering, its monthly bond purchases since January.

Troubled homeowners are facing unacceptable delays when they turn to the Obama administration's flagship foreclosure prevention program for help, the watchdog agency that oversees the initiative reported Wednesday.

Couple get federal prison terms for mortgage fraud An NJ couple convicted of fraudulently obtaining $3.4M is now going to prison.

SYDNEY, July 30 AAP - Mortgage insurer Genworth has flagged a full year profit of up to $250 million amid higher premiums as a strong property market leads to fewer claims.

Timothy DeLaGhetto typically entertains his 2.5 million subscribers with sex jokes and television parodies.

The former financing arm of General Motors Co. said it had earned $323 million, or 54 cents per share, in the second quarter.

Timothy DeLaGhetto posted a YouTube video Monday as he presented his parents with a check of $210,000 to pay off their mortgage.

The average U.S. household owes more than $7,000 on their credit cards. Average U.S. household mortgage debt is around $154,000, and average U.S. household student loan debt is more than $33,000.

This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.

The S&P/Case-Shiller home price index, a closely watched measure of home values.