Mortgage News

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.

Mortgage rates were little changed this week and likely won't move much the rest of the year.

The U.S attorney's office says 61-year-old Charles Espinel and his wife, 58-year-old Jeannette Espinel, entered their pleas Thursday in San Francisco.

Banks continue to cut fixed-rate mortgages as they fight to win new customers, with ANZ and Westpac the latest to reduce key interest rates to below 5 per cent.

In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow had risen 19 percent in the past year.

The Charlotte Observer reported that documents filed with the North Carolina Commerce Department indicate that RoundPoint Mortgage Co.