The Feds have granted a 90-day moratorium on foreclosures of homes with FHA mortgages in areas devastated by the Oklahoma tornado.» Read More
The Feds have granted a 90-day moratorium on foreclosures of homes with FHA mortgages in areas devastated by the Oklahoma tornado.
Some 96,000 borrowers who received checks to compensate them for wrongful foreclosures will be getting an additional check, the Federal Reserve announced Wednesday.
Retirees looking for a mortgage may find that even a pristine credit history and healthy retirement accounts are not enough.
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.
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.
Vacation home sales last year rose 10 percent, but one Hamptons realtor says her clients "have given up on getting mortgages — totally."
Once more, arcane-sounding financial products like collateralized debt obligations are being minted on Wall Street.
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.
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.
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.
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.
Most homeowners use personal savings to pay for renovations, but borrowing makes sense when the updates will pay you back.
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.
Deepak Narula, who runs a group of real estate hedge funds, told CNBC Thursday that mortgage-related assets provide the best value right now.
As regulators complete new mortgage rules, banks are about to get protection against homeowner lawsuits.
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.
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.