Finance
Mortgage reform targets foreclosure abuse, mortgage servicing failures
Foreclosure abuse prevention and mortgage servicing failures are the targets of a major set of new provisions in the Consumer Financial Protection Bureau’s overhaul of mortgage regulations.
Mortgage interest rates reverse course on economic gains
Most mortgage interest rates rose on a host of good economic news, much of it generated by the federal government's long term approach to the Great Recession. The average
OMG! Mortgage rates continue run on record lows
Average interest rates for both the 15-year fixed rate mortgage (FRM) and the 5-year adjustable rate mortgage (ARM) fell to new record lows, both for the second consecutive
CFPB amends CARD Act, giving stay-at-home spouses, partners greater access to credit cards
“Stay-at-home spouses or partners who have access to resources that allow them to make payments on a credit card can now get their own cards.” CONSUMER FINANCIAL PROTECTION BUREAU
First-timers, existing homeowners driving the housing recovery
Forget the golden goose investor-element that's helping fuel the housing recovery. Potential buyers? Your fence sitting days are numbered. Many investors are largely bottom feeders (buy low, rent and or
Who will get the real mortgage crisis profits?
The stock market has reached new highs, home sales are soaring and interest rates are in near record lows. All this suggests the end of the housing crisis is
Boo-yah! 15-year FRM, 5-year ARM set new record lows
Falling prices at the pump weren't enough to offset the impact of the global economy running out of gas. The average rate on the 30-year fixed-rate mortgage (FRM) ticked
Rental property investments require cash, but much more valuable landlording skills
ADA VASSILOVSKI - In 2012, investment buyers, cashing in on affordable home prices, purchased the second highest share of all new and existing homes sold in a given
How long will the Fed buy mortgage-backed securities?
VANGUARD - Amid reports of reduced consumer prices and a spotty job market, the Federal Reserve's upcoming policy meeting likely will grapple with the question: How long should
$70.1 million in counseling funds to help 193,000 families
NEIGHBORWORKS AMERICA - NeighborWorks America (NWA) today announced that $70.1 million has been awarded to 30 state housing finance agencies (HFAs), 17 HUD-approved housing counseling intermediaries, and 72
Short sale lease back alternative to foreclosure available
Ask any underwater homeowner to tell you their biggest fear about selling their home and moving on and you get two answers: "I will never buy again." "I will not
4.2 million Independent Foreclosure Review-related payments up to $125,000 begin today
FEDERAL RESERVE BOARD - Payments to 4.2 million borrowers are scheduled to begin today April 12 following an agreement reached by the Office of the Comptroller of the
Continued lackluster job market pushes mortgage rates lower
With the economy producing fewer jobs than it's losing and more workers leaving the workforce, mortgage rates have no where to go but down. The average rate on the
Mortgage reform targets incentives to sell toxic loans
On mortgage reform: "One of the reasons for the collapse was that mortgage borrowers were steered towards high-cost and risky loans they had no real chance of paying
April is ‘Fair Housing Month,’ for good reason
Welcome to National Fair Housing Month. On April 11, 1968, President Lyndon Johnson signed the Civil Rights Act of 1968, an expansion of the Civil Rights Act of 1964. The
Lingering economic fallout, mortgage servicing violations prolong housing recovery for many Americans
It should come as no surprise that nearly 80 percent of Americans aren't buying the housing recovery and many of them think the worst is still yet to
CFPB: Mortgage insurers to pay $15.4 million to end kickbacks
CONSUMER FINANCIAL PROTECTION BUREAU — The Consumer Financial Protection Bureau (CFPB) today announced four enforcement actions to end what the Bureau believes to be improper kickbacks paid by
Homeownership counseling can save your most valuable asset
DEADLINE NEWSROOM - Home ownership counseling has become as necessary for home ownership as the money you'll need to invest in what's likely your most valuable asset. Studies reveal
$1 million grant to put more teeth into enforcing California’s ‘Homeowner Bill of Rights’
CALIFORNIA ATTORNEY GENERAL - Attorney General Kamala D. Harris recently announced a $1 million California Homeowner Bill of Rights (HBOR) implementation grant to The National Housing Law Project. This
Freddie Mac offers delinquent borrowers streamlined modification
Struggling homeowners are getting a big break this summer from Freddie Mac's and Fannie Mae's Streamlined Modification program. Eligible borrowers won't have to submit documentation, but can accept a
