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Mortgage applications rose as rates hit new lows
Applications for U.S. home mortgages rose last week as interest rates dropped to record lows in the wake of the Federal Reserve's latest...
Bank of America hasn't modified any mortgages so far under settlement
Bank of America Corp hasn't completed any first-mortgage modifications that reduce loan balances for borrowers so far under a $25 billion...
Consumers making progress paring down debt
Five years after the bursting of the borrowing bubble, American households are getting a better handle on their debt. The latest sign...
Mortgage woes afflict high rate of active troops, veterans
To grasp the breadth of the housing crisis affecting a large portion of American troops past and present, consider the ironic case of...
Reverse mortgages confuse elderly, report finds
More Americans are getting reverse mortgages — and that's not a good thing, according the government's consumer finance watchdog. The...
Why BofA's latest plan is drawing little protest
Doesn’t it feel like Bank of America has finally broken us? Plagued with lawsuits and settlements; uproars over fee hikes; and a recent...
Fannie Mae asks Uncle Sam for $4.6 billion more
Fannie Mae is short $4.6 billion and it wants the U.S. government to foot the bill. The mortgage giant reported a net loss of $2.4...
Foreclosures take longer for the rich, report says
If you’re living in an expensive McMansion and can’t make the mortgage payments you may be better off than a homeowner of a modest...