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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 56-66
  • Virgin Money appoints Moreno chairman in runup to possible flotation

    LONDON (Reuters) - Virgin Money, the British challenger bank partly owned by entrepreneur Richard Branson, named experienced industry figure Glen Moreno as chairman as it reported strong profit growth, putting it in good shape for an impending stock...
  • Will Mortgage Debt Relief Be Taxable?

    Congress is back from its summer vacation, so the burning financial question on thousands of homeowners' minds right now is this: Are you guys finally going to help out consumers who are underwater on their mortgages, many of whom face crushing federal...
  • Mortgage demand slows despite low rates, but credit card use soars

    Mortgage demand slows despite low rates, but credit card use soars
    With mortgage rates at record lows for the year, you might figure that demand for home loans would be high -- but at this point Americans seem more interested in loading up their credit cards. The average rate for a 30-year fixed mortgage came in at 4....
  • Roll Call's 10 'poorest' members of Congress for 2014

    WASHINGTON Roll Call's annual list of the 10 "poorest" members of Congress contains one majority whip, one party chairman, one formerly impeached judge and one senator. As usual, the quirks of the disclosure rules make it impossible to know exactly how...
  • Roll Call's 50 richest members of Congress for 2014

    WASHINGTON They invested in an aquaculture business, a bank and good old blue chip stocks and bonds. The richest members of Congress found myriad ways to get wealthier in 2013, CQ Roll Call's annual survey of congressional wealth shows. Many lawmakers'...
  • Relatives wrangle over inherited house

    Relatives wrangle over inherited house
    Q: My father died unexpectedly in December. I have two siblings, and for most of our lives Dad was destitute. So we never expected much in the way of an inheritance. About 10 years before he died, he moved in with his sister, our aunt. She lived in a...
  • Inheritance will not trigger call of condo's mortgage

    Inheritance will not trigger call of condo's mortgage
    Q: In 2008, I moved in with my 80-year-old father. He recently passed away, and I inherited his condominium and the $150,000 mortgage. I want to remain in the condo and continue paying the mortgage. My lawyer wants me to be aware that the lender may...
  • The Mortgage Professor: What are 'no-cost mortgages,' and are they a good deal?

    A no-cost mortgage is one on which all lender fees are waived, and (subject to the possible exceptions described below) other fees are paid by the lender. The quid pro quo is a relatively high interest rate, which makes the NCM costly for borrowers who...
  • Orlando-area foreclosures spike in August

    Orlando-area foreclosures spike in August
    The number of Orlando-area homeowners entering foreclosure doubled between July and August, a sign that banks may be increasing their use of the state's fast-track foreclosure law. Almost 800 homes entered foreclosure last month in Orange, Seminole,...
  • Outgoing Justice Department official says more to come in bank probes

    WASHINGTON (Reuters) - Tony West, the third-ranking official at the U.S. Department of Justice, has a ready response for critics who question why few individuals have been charged for conduct tied to the financial crisis: just wait. "We are not done, we...
  • Alleged Aurora mortgage scammer pleads not guilty to fraud

    Alleged Aurora mortgage scammer pleads not guilty to fraud
    The man allegedly at the center of a sophisticated mortgage rescue scam in the Aurora area pleaded not guilty to federal fraud charges Wednesday in U.S. District Court in Chicago. Melvin T. Bell, 37, was arrested in July by postal inspectors and...