Mortgage rates have remained relatively low this year, and little changed, despite previous predictions of an inevitable rise. Borrowers, though, may be wondering how much longer this environment can last.
Is Angelo Mozilo in the cross hairs again?
A win-win. That's how people on both sides of the negotiating table will undoubtedly characterize the long-awaited ...
Sounding a somber note even as the economic outlook in the United States brightens, the Federal Reserve’s No. 2 official acknowledged on Monday that global growth had been “disappointing” and warned of fundamental headwinds that might temper future gains.
Americans have never hesitated to pack up the U-Haul in search of the big time, a better job or just warmer weather. But these days, domestic migrants are increasingly driven by the quest for cheaper housing.
Student loans, along with mortgages and car loans, have become the three largest sources of credit, exceeding credit card debt.
Underwriting guidelines remain rigid on the conforming loans guaranteed by Fannie Mae and Freddie Mac, but lenders are becoming more accommodating on nonconforming or jumbo loans.
One way to tell the housing market is beginning to show signs of health would be that builders of new homes are selling more houses than banks do.
If you’re a bank executive, it’s never going to be easy to tell your shareholders: Oops, we made a $4 billion mistake!