Result Page 26 for Mortgage news & latest pictures from ibtimes.com

Shoppers carrying bags walk at the Pentagon City Shopping Mall in Arlington, Virginia

Consumer Confidence Tumbles in October

Consumer confidence unexpectedly dropped to its lowest level in two-and-a-half years in October as consumers fretted about job and income prospects.

U.S. Stock Index Futures Mixed

A trader works on the floor of the New York Stock Exchange

Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures down 0.03 percent and Nasdaq 100 futures down 0.1 percent at 0925 GMT (5:25 a.m. EDT).

Home Affordable Refinance Program (HARP): 4 Things to Know

Row homes valued at $400,000 each, which are offered for free in a "buy one, get one free" deal, are seen in Escondido

The U.S. government announced Monday that it will revise the Home Affordable Refinance Program (HARP) which would allow underwater homeowners to refinance their mortgages. But will the HARP overhaul affect the housing market and the economy at a whole? Here are 5 things you need to know about HARP.

Rebecca Esquibel, 30, and Nathan Glidden, 29, and their one-month-old daughter Aliyah at a Bank of America mortgage modification outreach event in Los Angeles

Regulator Throws Lifeline to Underwater Borrowers

U.S. homeowners who owe more than their properties are worth got new help on Monday when a U.S. regulator expanded a government program in a step that could help up to one million borrowers.

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U.S. Treasury Secretary Tim Geithner (L) and Housing and Urban Development (HUD) Secretary Shaun Donovan participate in the Obama administration's Conference on the Future of Housing Finance.

U.S. Readies Stronger Lifelines for Homeowners Under Water

Homeowners who owe more than their houses are worth will get new help to refinance in a government plan to be unveiled as early as Monday to support the battered housing sector, sources familiar with the effort said.

Under Hoenig, Will ‘Too Big To Fail’ Banks Become Too Big?

If Thomas Hoenig, retired chairman of Federal Reserve Bank of Kansas City, becomes the new vice chairman of the Federal Deposit Insurance Corporation, will the era of big banks come to an end?

California subpoenas BofA over mortgages - report - report

The California state attorney general's office subpoenaed Bank of America Corp this week regarding the sale and marketing of troubled mortgage-backed securities to investors in the state, the Los Angeles Times reported.

A sign for a Bank of America office is pictured in Burbank, California

California subpoenas BofA over mortgages: report

The California attorney general's office subpoenaed Bank of America Corp this week about the sale and marketing of troubled mortgage-backed securities to investors in the state, the Los Angeles Times reported.

Freddie Mac: Mortgage Rates Hold Steady

Average mortgage rates essentially held steady this week as they remain near their 60-year lows.

Economic Growth Inched Forward in September: Fed

The U.S. economic outlook grew dimmer in September, leading businesses to be wary of spending and of building up inventories ahead of the holiday sales season, the Federal Reserve said on Wednesday.

Deal Close Between States, Top Banks Over Mortgage Abuses

Under the proposed terms of the settlement -- which could total $25 billion -- banks would get a broader relief from potential state civil lawsuits in exchange for refinancing underwater loans, those mortgages where borrowers owe more than their homes are worth, sources said.

Citi to pay $285 Million to Settle CDO Case: SEC

Citigroup Inc will pay $285 million to settle charges that its U.S. broker-dealer unit misled investors about a $1 billion mortgage bond deal, the U.S. Securities and Exchange Commission said on Wednesday.

Mortgage applications slumped last week: MBA

Applications for U.S. home mortgages tumbled nearly 15 percent last week as demand for both refinancing and purchases evaporated, while interest rates climbed, an industry group said on Wednesday.

Fed's Lockhart sees hope in latest round of data

CHATTANOOGA, Tennessee The U.S. economy is unlikely to slip back into recession, and an improvement in recent indicators has been encouraging, Atlanta Federal Reserve Bank President Dennis Lockhart said on Tuesday.

Home Builder Confidence Rises Despite Weak Housing Market

Confidence among home builders is up in October, although most still rate the market as poor.

Officials, Banks to Tackle Mortgage Refinancing Plan: Report

Officials and big banks are working on a plan that would make refinancing available to some borrowers whose houses are worth less than their loans, so long as they are current on mortgage payments, the Wall Street Journal reported.

Surveys say: Retirees are getting very nervous

With his wife still working and the couple’s finances under control, Davey figures that he has the ideal plan in place. All that remains is to land a part-time job with another library to put the icing on the cake. But after submitting close to 20 resumes, Davey hasn’t fielded a single interview.

Federal Communication Commission Chairman Julius Genachowski speaks at the Cable Show in Chicago

U.S. Wireless Initiative Stalls New Billing Rules

The U.S. wireless industry is rolling out more consumer-friendly billing practices, fending off a plan by communications regulators to impose new rules against unexpected charges.

PIMCO Manager Gross speaks at the Conference on the Future of Housing Finance in Washington

PIMCO's Bill Gross Admits Error on U.S. Treasury Securities

Bill Gross, manager of the world's largest bond fund, apologized to his investors late Friday for his poor performance, saying, I'm just having a bad year.

Harrisburg Bankruptcy Shows Borrowers No Longer Willing To Be Shamed Into Surrender

Freddie Mac: Mortgage Rates Up After Record Lows

An employment report that was better than market expectations helped to lift long-term Treasury bond yields and mortgage rates as well, Frank Nothaft, vice president and chief economist for Freddie Mac, said in a statement.

Mortgage bankers grapple with consumer outrage

U.S. mortgage bankers attending an industry conference in Chicago this week received something they did not originally bargain for -- a heavy dose of the consumer anger against the financial system that has boiled into protest rallies across the country.

Analysis - Bank of America's mortgage market share plunges

Bank of America is set to lose nearly all the mortgage market share it gained by buying Countrywide Financial Corp in 2008, in the latest sign of how painful the acquisition has been for the bank.

Housing starts jump in September: CMHC

Canadian housing starts jumped much more than expected in September, helped by a surge in the condominium sector, suggesting Canada's property boom stayed intact last month and should help the economy avert recession.

A man walks past the closed entrance of the Belgian-French financial services group Dexia's headquarters in Brussels

Troubled Franco-Belgian Dexia Bank Gets Another Huge Bailout

The bank, whose shares had plunged 42 percent last week, was poised to go bankrupt, a fatality of the Eurozone crisis.

Dexia agrees to Franco-Belgian rescue deal

Franco-Belgian bank Dexia agreed early on Monday to the nationalization of its Belgian banking division and secured 90 billion euros ($121 billion) in state guarantees in a rescue that could pressure other euro zone governments to strengthen their banks.

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