With baby boomers warming to reverse mortgages, regulators are debuting rules that shore up the government-backed loan program. » Read More
Homebuying has remained "pretty strong" despite higher mortgage rates, but refinancing has dropped "quite a bit," Bank of America CEO Brian Moynihan told CNBC.
Since S&P eased its standards last year, its market share has risen to 69 percent from the 18 percent it had in the first years after 2008's crisis.
No matter what decision the Fed makes on tapering, it "can't change housing demographics," Toll Brothers CEO Douglas Yearley says.
The former Goldman Sachs bond trader known as "Fabulous Fab" was found liable on six of seven counts of defrauding investors in a mortgage securities fraud case brought by the SEC.
Current U.S. residents, newly legalized, under the immigration bill being debated in Congress, would generate $500 billion in real estate transactions and $25 billion in mortgage income, says a Hispanic realty group.
New York state plans to sue HSBC for allegedly ignoring a law designed to protect homeowners from being thrown into foreclosure without chance to renegotiate their mortgages.
Mortgage rates have jumped to their highest in a year, and house values are rising. Those who have waited to buy or refinance may find the time is right.
Bank of America's proposed $8.5 billion settlement offers investors more than they are likely to get if they go to trial, a lawyer argued Monday.
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.
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.