Housing Market, Mortgage | featured news

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

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.

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.

Many mortgage companies are reluctant to give strapped homeowners a break because the companies collect lucrative fees on delinquent loans.

U.S. officials are weighing a plan to let borrowers who have fallen behind on mortgage payments avoid eviction by renting their home instead, sources familiar with the administration's thinking said on Tuesday.

If nothing else, the legal maneuver will buy them some breathing room. But it also will destroy their credit rating, and it may not even be necessary.

To most people, bankruptcy is a four-letter word.

Mortgage rates fell this week, with the average rate on 15-year fixed-rate mortgages dropping back below 5%, according to Freddie Mac's (FRE) weekly survey of mortgage rates released Thursday.