Thrifts and Mortgage Finance
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Some 96,000 borrowers who received checks to compensate them for wrongful foreclosures will be getting an additional check, the Federal Reserve announced Wednesday.
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Some 96,000 borrowers who received checks to compensate them for wrongful foreclosures will be getting an additional check, the Federal Reserve announced Wednesday.
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Retirees looking for a mortgage may find that even a pristine credit history and healthy retirement accounts are not enough.
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A new map of who claims the mortgage interest tax deduction shows how the debate over ending it could pit renters against homeowners and rural areas against cities.
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Applications for U.S. home mortgages rose last week, fueled by demand for refinancings as interest rates dropped, data from an industry group showed on Wednesday.
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Vacation home sales last year rose 10 percent, but one Hamptons realtor says her clients "have given up on getting mortgages — totally."
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Once more, arcane-sounding financial products like collateralized debt obligations are being minted on Wall Street.
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WASHINGTON, April 4- The U.S. Justice Department is again testing the reach of a once-dormant civil fraud law, applying it to money laundering after reviving it recently for cases tied to the financial crisis. In November, the Justice Department brought its first money-laundering case using FIRREA, in a lawsuit against the First Bank of Delaware.
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A staple during the real-estate boom, interest-only home loans are now available only to a privileged few, and even they should approach with care.
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Bank of America said Thursday that the New York State Attorney General was investigating the bank over its purchase, securitization and underwriting of home loans.
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Jumbo loans are returning to the mortgage market after almost disappearing entirely in the wake of the credit crisis of 2008 and the real estate meltdown.
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Most homeowners use personal savings to pay for renovations, but borrowing makes sense when the updates will pay you back.
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Homeowners who received help on their second mortgage are still facing foreclosure on their first mortgage, according to housing advocates, the New York Times reports.
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Deepak Narula, who runs a group of real estate hedge funds, told CNBC Thursday that mortgage-related assets provide the best value right now.
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As regulators complete new mortgage rules, banks are about to get protection against homeowner lawsuits.
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Mortgage interest deduction is one of the most popular provisions of the tax code. But Internal Revenue Service data show that only a quarter of tax filers claim it.
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Limited or no mortgage interest deductions in the U.S. tax code could prompt a sea change from buying to renting, influential economist Robert Shiller told CNBC’s “Futures Now” on Tuesday.
