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Mortgages

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  • For vets, a housing boom

    There may be fewer military boots on the ground overseas, but here at home there have been major campaigns in the housing market this year directed at veterans.
  • Citigroup restates earnings because of regulatory probes

    Citigroup Inc. has slashed its third-quarter earnings by $600 million, saying that recent investigations by regulators have altered the results it reported this month. The New York bank Thursday revised its quarterly net income to $2.8 billion from a...

    Britain's 'bad bank' warns of interest rate dangers ahead

    LONDON (Reuters) - Britain's 'bad bank' has already begun contacting around 20,000 customers whom it thinks might have problems repaying their mortgages when interest rates start to rise, its chief executive said on Thursday. British lenders are...

    One subprime crisis wasn't enough?

    The following editorial appeared in the Orange County Register on Wednesday, Oct. 29: Are we really this imprudent? Mel Watt, currently head of the Federal Housing Finance Authority, recently announced plans in a speech at a Las Vegas casino, of all...

    David Nicklaus: Smaller down payments are wrong solution to housing problem

    Sometimes I wonder if we've already forgotten the lessons of the financial crisis. Surely one of those lessons is that too much leverage is dangerous, both to individual homeowners and to giant financial institutions. Another is that well-meaning...