| Dec 8, 2014
| 6:52 PM
Hoping to broaden the pool of home buyers and boost the real estate market, Fannie Mae and Freddie Mac are launching mortgage programs with down payments as low as 3%.
The move, targeting buyers with good credit but little cash, has drawn fire for...
| Dec 9, 2014
| 2:20 PM
The South Florida ringleader of a $7 million home loan modification fraud was sentenced to 11 years in federal prison this week for bilking thousands of victims, prosecutors said.
Jason Vitulano, 39, of Boca Raton, pleaded guilty to mail and wire fraud...
| Nov 24, 2014
| 3:33 PM
In the realm of mortgages backed by Fannie Mae and Freddie Mac, California tends to fall into two categories -- high-cost counties where eligible single-family home loans can't be higher than $625,500 (Los Angeles, Orange) or those with the standard limit...
| Nov 23, 2014
Are reverse mortgages headed in reverse? Based on forthcoming federal rule changes for seniors who expect to apply for one, you might think so. But as a taxpayer, you might say, bravo: Toughening up qualification standards — including such basics as...
| Jun 5, 2014
| 8:45 AM
Reversing a five-week trend, fixed mortgage rates edged higher this week, with lenders telling Freddie Mac they were offering 30-year loans at an average interest rate of 4.14%, up from 4.12% last week.
The 15-year fixed mortgage, a favorite of...
| Sep 23, 2014
| 12:34 PM
NEW YORK (Reuters) - U.S. motorists drove more miles this summer than at any time since the 2008 financial crisis, according to government data, but the cause and implications of the roadway revival may be different than in years past.
| Nov 21, 2014
| 5:00 AM
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...
| Oct 23, 2014
| 2:30 AM
Q: I have a rental property in Dacula, Georgia. The current value, according to a few different websites, is about $170,000. I'm collecting $1,145 per month in rent.
I owe $88,479.67 at 3.125 percent with about 18 years left on the loan. I was...
| Oct 23, 2014
| 2:30 AM
Q: My wife and I are saving up to buy a vacation property in a resort area. Our plan is to keep socking money away until we find a short sale that we can purchase in cash. We're willing to be patient, but now that the economy is recovering and the real...
| Oct 24, 2014
| 10:05 AM
As you drive around L.A., you may not notice them, but the city's garden apartment complexes are worth notice. Park La Brea, adjacent to the Los Angeles County Museum of Art, may be the most recognized of the complexes — and one of the largest, at...
| Oct 22, 2014
| 5:54 AM
The regulator that oversees Fannie Mae and Freddie Mac is considering policy changes that aim to make credit more readily available to potential home buyers, many of whom have been shut out of the market by the stiff lending requirements put in place in...