Mortgage | featured news

Rates can fall to 2%--if you know how to play the game.

Amid the mortgage meltdown, regulators are sounding alarms about the potential for fraud in the reverse-mortgage market.

The case of Carrington Mortgage shows how some loan modifications benefit only the lender.

Mortgage applications jumped 5.6% the week ended Aug. 14 from a week earlier as average mortgage rates fell, the Mortgage Bankers ...

With foreclosures rising and mortgage companies flooded with borrowers in trouble, is it a good idea to just pay the thing off if you can afford to? The Answer Desk, by John W. Schoen.

U.S. home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy.

Freddie Mac reported a surprising profit in the second quarter, but the profit turned to a loss for shareholders after the company paid the U.S. government a $1.1 billion dividend.

A leading Democrat in the House of Representatives who has rebuffed Republican efforts to subpoena records of a mortgage program for favored borrowers at Countrywide Financial Corp got home loans from that lender, the Wall Street Journal reported on Friday.

The Obama administration launched a broad government effort this week to overhaul mortgage giants Fannie Mae and Freddie Mac and is considering splitting the companies and putting their troubled assets in a new federally backed corporation, administration officials said.

Almost half of U.S. homeowners with a mortgage are likely to owe more than their properties are worth before the housing recession ends, Deutsche Bank AG said.