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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
  • City seeks to put a dent in false property filings

    City seeks to put a dent in false property filings
    Concerns that homeowners are unwittingly being taken advantage of by unscrupulous individuals remain top of mind for authorities, despite improvements to the housing market. In the past few weeks, a Chicago City Council committee urged the Cook County...
  • BofA agrees to pay $17-billion penalty over mortgage meltdown

    BofA agrees to pay $17-billion penalty over mortgage meltdown
    Bank of America Corp. has agreed to fork over nearly $17 billion to settle government claims over toxic mortgage securities that helped trigger the Great Recession, according to people close to the negotiations with the Justice Department. The agreement...
  • Banks easing lending standards, Fed survey shows

    Banks easing lending standards, Fed survey shows
    The nation’s banks are making it generally easier for consumers and industries to get residential mortgages and business and commercial real estate loans, the Federal Reserve said Monday. In a July survey of senior loan officers, the Fed also found...
  • Lender demands more data for loan in good standing

    Q: I have a vacation home loan that is a couple of years old. I always pay promptly, and I pay more than the monthly requirement, because I hope to pay it off early. I have gotten a request from the lender for tax returns for the last three years and a...
  • Getting control of the mortgage after divorce

    By Ilyce Glink and Samuel J. Tamkin Q: Could you tell me what constitutes a legal mortgage? I live in Florida and I have clear title to my home. The homeowner's insurance policy and property taxes are in my name. I got the house and my ex-husband got the...
  • Ex-Fannie Mae worker gets prison in kickback case

    A former Fannie Mae specialist in foreclosures was sentenced to 15 months in prison for soliciting illegal kickbacks from a real estate broker, a practice he said was "a natural part of business" at the nation's largest mortgage finance company. Armando...
  • Palmer woman admits dealing in cash to avoid IRS S

    A Palmer Township woman admitted Monday she evaded more than $131,000 in taxes that she owed to the U.S. government, converting her paychecks to cash to keep the money beyond the reach of the IRS. Lilliam Zawarski, 60, pleaded guilty to a single count of...
  • BofA said to agree to pay up to $17 billion in settlement

    Bank of America has agreed in principle to pay between $16 billion and $17 billion to settle with the U.S. Justice Department over the sale of faulty mortgage bonds, a person familiar with the talks said Wednesday. The news came the same day the bank...
  • Mortgage closing costs on the rise, national survey says

    Mortgage closing costs on the rise, national survey says
    It’s no secret that purchasing a home this year is more expensive than last. But rising home prices aren’t the only factor straining home buyer pocketbooks. Mortgage closing costs jumped 6% over the past year, according to a survey...
  • New FICO criteria could help borrowers

    The nation's dominant credit-scoring system is being revised in a way that could save consumers nationwide billions of dollars, especially in qualifying for mortgages, auto loans and credit cards at lower interest rates. The changes to FICO criteria are...
  • BofA reportedly in $17-billion settlement over toxic loan securities

    BofA reportedly in $17-billion settlement over toxic loan securities
    Bank of America Corp. has agreed to fork over nearly $17 billion to settle government claims over toxic mortgage securities that helped trigger the Great Recession, according to people close to the negotiations with the Justice Department. The agreement...