Headlines and Blogs from Around the Web
The 30-year mortgage is the foundation of the real estate market largely because it makes housing more affordable. But the truth is, it's a lousy loan for building actual ownership or equity in your home during the first 5 or 7 years, which caused big trouble when housing crashed.
The Treasury Department could do more to figure out why some struggling borrowers are failing out of the government’s housing relief programs, according to a new report.
When Judge Royce Lamberth sent Fannie Mae and Freddie Mac shareholders a major setback last week, many of them responded by pointing out the other legal options still available (appeals, and a host of other cases that don’t rely on the Administrative Procedures Act).
Despite seeing a decline in average gross ROI and average gross profit on flipped homes, California still ranked fourth among the 50 states and District of Columbia in flipped homes as a percentage of total sales in Q2, according to RealtyTrac.
In the last decade, peer-to-peer lenders—online platforms that connect credit-seeking consumers directly to potential lenders—have helped customers borrow to refinance student loans, pay off credit card debt and build their small businesses.
Hispanics are likely to drive housing demand in the coming years, with the population expected to more than double to about 128 million by 2060, according to the Vice President of Housing and Community Outreach at Freddie Mac Christina Diaz-Malone.
The Justice Department is planning to investigate and charge several of the world's largest banks with crimes connected to the manipulation of currency exchanges, according to a published report.
Geoffrey Graber, the 41-year-old Justice Department attorney tasked with holding Wall Street accountable for the financial crisis, has a message for his prosecutors: Always be closing.
Fannie Mae's chief economist, Doug Duncan, weighed in on today's employment report from the Bureau of Labor Statistics, saying the GSE maintains its "forecast of solid economic growth" in response to the data released.
Is your adjustable-rate mortgage (ARM) about to adjust? Call yourself lucky. At current mortgage rates, today's ARMs are resetting to all-time lows near 2.80%, proving that adjustable-rate mortgages can be financial wise even beyond their initial 5- and 7-year teaser period.
If you're thinking about buying a house, you probably know the sobering realities in the mortgage market. Thanks to strict federal rule changes in the wake of the housing bust, it can be tough to qualify for a loan.
The Office of Inspector General (OIG) of the Federal Reserve System released a report on Thursday critical of the way in which the Board (and by extension the Office of Comptroller of the Currency (OCC)), managed amendments to the controversial Independent Foreclosure Review (IFR).
While the Justice Department has not criminally prosecuted any senior banking executives for their role in the housing crisis, they’ve had no problem going after the small-timers.
New York Attorney General Eric Schneiderman is investigating Standard & Poor’s to determine whether it failed to follow its own methodology in rating commercial-mortgage bonds in order to win business from banks, according to two people with knowledge of the matter.
Two major banks have agreed to originate a new 15-year mortgage under pilot programs aimed at low- and moderate-income borrowers.
If you own a home in San Francisco, or one day would like to try, you soon might have more to worry about than skyrocketing housing prices.
The Mortgage News Ticker is a collection of news articles, magazine stories and blog posts from around the web. The opinion expressed are those of the news sources and do not reflect that of National Mortgage Professional Magazine, NationalMortgageProfessional.com, NMP Media Corp. or its affiliates.