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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 67-77
  • Polyana da Costa: Five housing trends for summer

    It may still be hard to find the home of your dreams with the limited inventory for sale. But at least when it comes to getting a mortgage, you might have more options as lenders loosen some of their standards. Here are some of the housing trends you...
  • Mortgage rates mixed, Freddie Mac says; 30-year fixed averages 4.14%

    Mortgage rates mixed, Freddie Mac says; 30-year fixed averages 4.14%
    Mortgage trends were mixed this week, Freddie Mac's survey of lenders showed, with the average rate for a 30-year fixed loan edging up to 4.14%, from 4.12% a week ago. The average rate for a 15-year fixed mortgage rose from 3.23% to 3.27%, according...
  • Ask a real estate pro: Even after foreclosure, homeowner may get windfall

    Ask a real estate pro: Even after foreclosure, homeowner may get windfall
    Board-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/housekeys each Friday. To ask him a question, click here. Q: We had an investment property that fell into foreclosure a few years ago. It finally went...
  • Should Seniors Buy A House With A HECM Reverse Mortgage?

    Many home purchasers are seniors. Some become homeowners for the first time, but most have been and want to remain homeowners. They just don't want to remain in their current house. They may want a house that has no stairs, or one that is closer to family...
  • Former BofA short-sales employee gets prison term for taking bribes

    Former BofA short-sales employee gets prison term for taking bribes
    A former Bank of America mortgage employee was sentenced to 30 months in prison for pocketing $1.2 million in payoffs to approve sales of distressed properties for far less than their actual value. Kevin Lauricella, 29, who had worked for BofA in Simi...
  • What should be in your 'death' file

    NEW YORK (Reuters) - After helping a girlfriend through the messy, tangled finances left in the wake of a parent's death, John Kerecz had a message for his own mom and dad: Get your paperwork in order. A few years later, Kerecz's father passed away...
  • Home equity line defaults are likely to rise

    Home equity line defaults are likely to rise
    A wave of potential defaults on home equity lines of credit could start arriving in the next few years as Americans face a day of reckoning on their boom-era borrowing. Many homeowners who took out home equity lines, essentially second mortgages, during...
  • Common scams sadly still a threat

    Common scams sadly still a threat
    It's never easy taking a call like the one I received last week. An 83-year-old widow from Whitehall Township who sounded like she was shaking and going to break down in tears at any moment wanted to tell the Watchdog how she'd lost $2,000 to a caller...
  • Mortgage lenders may be easing credit score requirements slightly

    Are mortgage lenders finally loosening up a little on their credit score requirements — opening the door to larger numbers of home buyers this summer and fall? It depends on what type of loan you're seeking. If it's a Federal Housing...
  • 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...
  • Polyana da Costa: Home equity loans, HELOCs available again

    Home equity loans and lines of credit are making a comeback. Not long ago, homeowners who had some equity often used cash-out refinances to pay for home remodeling, to consolidate debt or pay for a child's school tuition. But that was when mortgage...