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Mortgages

A collection of news and information related to Mortgages published by this site and its partners.

Top Mortgages Articles

Displaying items 100-110
  • Easier to buy REO than a short sale

    Q: I made an offer on a home. The house was listed at $65,000, and in the comments it stated possible short sale upon bank approval. I offered $50,000 cash, no contingencies. The seller accepted the offer and closing was scheduled within three weeks...
  • Why It's Easier To Get A Mortgate Now

    A closely watched index that tracks mortgage credit availability — lender requirements on credit scores, down payments and other key loan terms — has some good news for potential homebuyers: Things are finally loosening up. After years of...
  • #FirstTimeBuyers: How Much Should I Spend on My Car?

     
    As a first-time buyer, how much car can you afford, and what's a responsible price target? Related: More #FirstTimeBuyers Advice Budgets are important, especially when you're buying a car. As with all things financial, of course, there's a debate over.......
  • Freddie Mac: Mortgage rates rise for second week; 30-year at 3.76%

    Freddie Mac: Mortgage rates rise for second week; 30-year at 3.76%
    Mortgage rates edged higher for a second week, with Freddie Mac's weekly survey showing that lenders were offering conventional 30-year loans at an average 3.76%, up from 3.69% last week. This year's low point came the first week of February, when...
  • Relief funds to aid seniors struggling with reverse mortgages

    A federal relief effort that set aside nearly $2 billion in housing aid for troubled Californians is being expanded to help older homeowners avert foreclosures on their reverse mortgages. The program, in a pilot stage, will provide up to $25,000 to low-...
  • Weigh pros and cons of reverse mortgages for your situation

    Weigh pros and cons of reverse mortgages for your situation
    Reverse mortgages are in the headlines again — and again, sometimes for the wrong reasons. The attention being paid to the loan product, which lets seniors 62 and older borrow against the equity in their homes, points to its anticipated...
  • Home affordability improves, but higher rates may hurt buying power

    Home affordability improves, but higher rates may hurt buying power
    Slowing home appreciation and lower mortgage rates helped push up home affordability in the Chicago area at the end of 2014 — but that was then and early 2015 may be another story. During last year's final three months, 65.4 percent of all homes...
  • Wrigley rooftop owners go to court to block signs' installation

    Wrigley rooftop owners go to court to block signs' installation
    The owners of two Wrigley rooftop businesses went to court Thursday to stop the Cubs from installing a video scoreboard and advertising signs on the outfield walls that will block their views into Wrigley Field. The owners, led by Edward McCarthy, run...
  • Funding for California victims of housing crash trickles down

    Funding for California victims of housing crash trickles down
    California has delivered less than half of $2 billion in federal aid to help victims of the housing crash. The fund, announced five years ago by the federal government, aimed to help homeowners in areas where home prices collapsed and unemployment...
  • Counseling agency launches seminars for struggling homeowners

    Counseling agency launches seminars for struggling homeowners
    Debthelper.com already holds monthly classes to educate people about buying homes. Now the counseling agency is adding a series of seminars to assist owners in keeping them. Debthelper, based in West Palm Beach, will hold a workshop Feb. 28 for...
  • Blotter: Fraudulent mortgage application in Winnetka

    Blotter: Fraudulent mortgage application in Winnetka
    The following items were taken from police reports. Winnetka A Chicago man, 26, was arrested for driving without a valid license and cited for driving too fast for conditions at Green Bay Road and Tower Road on Jan. 16. A resident of the 1300...