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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 34-44
  • Divide between homeowners and renters is growing

    Divide between homeowners and renters is growing
    For homeowners in Southern California, the housing recovery has been pretty kind. For renters, not so much. New figures highlight the growing gap between owners and renters in the Southland: Many homeowners are capitalizing on low interest rates to push...
  • Fed's Lacker says exit strategy dissent stemmed from MBS approach

    WASHINGTON (Reuters) - Richmond Federal Reserve President Jeffrey Lacker on Friday identified himself as the lone dissenter on the Fed's so-called exit strategy, and said his opposition stemmed from the central bank's plan to keep holding mortgage-...
  • U.S.: BofA bid to void $1.27 billion fraud verdict defies common sense

    NEW YORK (Reuters) - The U.S. government said Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion penalty,...
  • Phil DeFronzo: 'You Have To Bloom Where You Are Planted'

    Phil DeFronzo: 'You Have To Bloom Where You Are Planted'
    In December 1989, Phil DeFronzo organized Norcom Mortgage with his mother in a one-room office in Avon. At 27, DeFronzo quit his job and created the firm with $3,000 as startup capital. Connecticut was heading into one of the worst housing recessions...
  • Woman stole $20,000 in Hollywood property auction case, cops say

    Woman stole $20,000 in Hollywood property auction case, cops say
    A Pembroke Pines woman is accused of acting as a real estate agent and stealing $20,000 from a bidder on a Hollywood property, police say. Sarah Yasmine Caballero, 34, is charged with larceny, knowingly writing a check with insufficient funds and...
  • Teresa Giudice Lists Jersey Shore House (At A Loss)

    SELLERS: Teresa and Joe Giudice LOCATION: Manahawkin, NJ PRICE: $315,000 SIZE: 1,350 square feet, 5 bedrooms, 2 bathrooms YOUR MAMA'S NOTES: "Real Housewives of New Jersey" headliners Teresa and Joe Giudice, who will soon to be sentenced for their guilty...
  • Mortgage rates jump to 4-month high

    Mortgage rates jump to 4-month high
    Average fixed mortgage interest rates had their biggest one-week jump of the year this week, bringing them to levels not seen since early May. The increases followed several ho-hum weeks with rates little changed. The average interest rate on a 30-year,...
  • Freddie Mac: 30-year mortgage rate jumps to 4.23% from 4.12% last week

    Freddie Mac: 30-year mortgage rate jumps to 4.23% from 4.12% last week
    Mortgage rates rose this week at the fastest pace of the year, with Freddie Mac's survey showing lenders were offering 30-year fixed-rate loans at an average of 4.23%, up from 4.12% last week.  It was the highest rate that the weekly survey has recorded...
  • DoubleLine files with SEC to register Long Duration Bond Fund

    NEW YORK (Reuters) - Jeffrey Gundlach's DoubleLine Funds filed on Wednesday with the U.S. Securities and Exchange Commission to register shares of its Long Duration Total Return Bond Fund. The SEC filing said the Long Duration fund, which is expected to...
  • Glitches, complaints plague Ocwen, other mortgage servicers

    Glitches, complaints plague Ocwen, other mortgage servicers
    Tyesha Hansborough and her husband, Christley Paton, had paid the property insurance on their Inglewood home along with their mortgage, putting the money in escrow like most homeowners. Trouble is, the couple said, their mortgage servicer —...
  • Fed offers clarity, sort of, as bond buying ends

    WASHINGTON The Federal Reserve Wednesday announced it would trim its bond buying by another $10 billion, leaving it on course to end next month the controversial program designed to support the sluggish U.S. economic recovery. The Fed has been tapering...