Mortgage Acts and Practices
Higher interest rates continue to put the squeeze on the number of home owners refinancing, leading to the second consecutive week in which loan demand has fallen.
Mortgage giant Fannie Mae might limit its purchases of mortgages that require a minimum down payment of 3 percent.
More than half of all homes sold last year and in 2013, so far, have been purchased mortgage-free, according to a new report.
The Federal Housing Administration may soon give home owners who once underwent a bankruptcy, foreclosure, or short sale due to the recession another shot at home ownership.
With fewer home owners refinancing their mortgages because of rising interest rates, banks may soon relax their lending standards to ramp up business, according to the Mortgage Bankers Association.
Having millions of dollars in assets and a high credit score doesn't necessarily guarantee you approval for a home loan, particularly if your income is still too low.
If the House plan to eliminate the government's role in the mortgage finance system becomes law, typical borrowers could pay an extra $135 per month in additional interest payments.
Federal regulators are investigating PNC Financial Services over its mortgage business.
The president placed home ownership and the 30-year fixed-rate mortgage at the center of his economic speech yesterday.