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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
  • Mortgage giants' stance against principal reduction may be softening

     Mortgage giants' stance against principal reduction may be softening
    Jaime Coronel's pick and shovel sat idle when the recession made landscaping jobs scarce, and the home where he and his wife, Juana, raised four children fell into foreclosure. Mortgage giant Fannie Mae gave permission in 2010 for the Coronels to stay...
  • Orlando renters stretch paychecks further

    Orlando renters stretch paychecks further
    With rent and home prices fast rising, renters are paying their Orlando landlords an average of about a third of their monthly income, according to a new report by Zillow. Long considered one of the more affordable markets in the country, Orlando...
  • Fannie Mae, Freddie Mac adjust loan repurchase rules

     
Fannie Mae, Freddie Mac adjust loan repurchase rules
    Fannie Mae and Freddie Mac said Thursday they have revised their representation and warranty framework in an attempt to reduce concerns among lenders about the risk on buying back loans sold to the two federal mortgage finance agencies. The mortgage...
  • Freddie Mac: 30-year mortgage rate average dips below 4%

    Freddie Mac: 30-year mortgage rate average dips below 4%
    Fixed mortgage rates edged lower this week, with Freddie Mac’s survey of lenders showing an average of just below 4% for 30-year fixed home loans. Lenders told Freddie they were offering 30-year loans to solid borrowers at an average of 3.99%,...
  • Botched foreclosure process leaves borrower in limbo

    Q: We purchased a home in 2006. In 2009 we applied for a loan modification, but it was denied. Later a foreclosure date was set on the home. We moved out and have not lived in house since 2009. Our lender sold the home last May but later discovered...
  • Retirement: reverse mortgages with a twist

    Chuck and Ellen Rooney originally set out to refinance the mortgage on their home in Decatur, Ga. But after talking with a reverse-mortgage adviser, the couple discovered that if they took a home-equity conversion mortgage (HECM) for purchase, they...
  • Still twisting in tax limbo on mortgage forgiveness

    David Foster, who sold his condo in Chicago last month, isn't plugged into Capitol Hill's political games. But he has banked the financial future of his family on Congress accomplishing at least one thing during the post-election session that has just...
  • Short-sellers in limbo waiting for mortgage forgiveness tax relief

    Short-sellers in limbo waiting for mortgage forgiveness tax relief
    David Foster, who sold his condo in Chicago last month, isn't plugged in to Capitol Hill's political games. But he has banked the financial future of his family on Congress accomplishing at least one thing during the post-election session: renewing the...
  • City group offers $50,000 home purchase incentive

    City group offers $50,000 home purchase incentive
    A Baltimore advocacy organization is offering $50,000 in housing assistance by lottery as part of an information fair for would-be homebuyers in the Waverly area on Saturday. The event at the Weinberg Family Center Y, 900 East 33rd Street, from 11 a.m. to...
  • Founders of KEL law firm to receive public reprimand

    Founders of KEL law firm to receive public reprimand
    The Florida Supreme Court has ordered a public reprimand for the founders of the K.E.L. law firm: Jeffrey S. Kaufman, Craig R. Lynd and Matthew S. Englett. All three founders acknowledged that they violated the state’s attorney regulations when...
  • Freddie Mac: 30-year mortgage rate hovers just above 4%

    Freddie Mac: 30-year mortgage rate hovers just above 4%
    Lenders were offering 30-year fixed mortgages to solid borrowers this week at an average of 4.01%, a Freddie Mac survey found, down a hair from 4.02% last week. The average rate for a 15-year fixed loan, a popular option for refinancers, edged lower...