| Aug 7, 2014
| 8:45 AM
Mortgage trends were mixed this week, Freddie Mac's survey of lenders showed, with the average rate for a 30-year fixed loan edging up to 4.14%, from 4.12% a week ago.
The average rate for a 15-year fixed mortgage rose from 3.23% to 3.27%, according...
| Aug 7, 2014
| 12:24 PM
As much as $79 billion in home equity lines of credit are at heightened risk for default in coming years as Americans face a day of reckoning on their boom-era second mortgages, a new study found.
Many home owners who took out so-called HELOCs during...
| Aug 7, 2014
| 6:01 PM
A wave of potential defaults on home equity lines of credit could start arriving in the next few years as Americans face a day of reckoning on their boom-era borrowing.
Many homeowners who took out home equity lines, essentially second mortgages, during...
| Aug 8, 2014
| 3:52 PM
When the cash began running out at the nonprofit Amistad America Inc., officials defaulted on bank loans, skimped on bills, borrowed from employees and used state grant money as a temporary loan against other grants, a series of audits released Friday...
| Aug 4, 2014
| 5:06 PM
HARTFORD — Gov. Dannel P. Malloy's opponents jumped on the governor's newest campaign commercial on Monday for featuring the Newtown tragedy and using a disputed number to describe the state's debt situation.
Released on Monday morning, the 30-...
| Aug 22, 2014
| 10:48 AM
Heidi says she took out a payday loan in 2010 and then forgot about it. Now she's getting calls from someone claiming to be a lawyer threatening to take her to court unless she pays $250 right away and makes additional payments every two weeks.
| Jul 28, 2014
| 9:00 PM
There's rough weather ahead for the federal budget and the nation's economy, according to this month's long-term forecast from the nonpartisan Congressional Budget Office. The CBO projects the growing national debt will reduce Americans' incomes, raise...
| Jul 30, 2014
| 10:30 AM
Does the recent uptick in consumer confidence indicate that the agendas of the White House and Congress are misaligned with middle class aspirations? The U.S. consumer confidence index jumped to 90.9 in July, marking the highest level in seven years...
| Apr 23, 2014
| 6:47 PM
Even though the recent financial crisis is barely in the rearview mirror, risk is starting to build once again in both the U.S. mortgage and housing markets.
Contrary to the prevailing view that only borrowers with pristine credit records can get a...
| Jul 25, 2014
| 7:14 AM
Board-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/housekeys each Friday. To ask him a question, click here.
Q: I’m a loan officer, and I have a client who is under contract to buy a home. She...
| Jan 28, 2014
| 4:30 PM
After my recent column on financial priorities for the New Year appeared, I heard from a reader with $55,000 in credit card debt. She said that her options were limited for paying off the debt and asked about using debt relief services. "Will that destroy...