U.S. authorities charged 41 people in a suspected mortgage fraud scheme that cheated lenders out of more than $64 million on more than 100 New York state properties, prosecutors said on Thursday.
U.S. authorities charged 41 people in a suspected mortgage fraud scheme that cheated lenders out of more than $64 million on New York state properties, prosecutors said on Thursday.
U.S. mortgage rates rose for the first time in four weeks but remained below 5 percent, a key level that may spur home loan demand and help the hard-hit U.S. housing market recover.
U.S. mortgage foreclosure filings fell for a second straight month in September, but remained near a record high, amid ongoing and sweeping efforts to keep borrowers in their homes, a report released on Thursday showed.
U.S. mortgage foreclosure filings fell for a second straight month in September, but remained near a record high, amid ongoing and sweeping efforts to keep borrowers in their homes, a report released on Thursday showed.
One American industry is booming amid the slump and job losses: mortgage rescue scams that prey on homeowners in financial straits.
The seven-bedroom, three-bath house in this city's West Garfield Park neighborhood had once been someone's American Dream.
U.S. mortgage foreclosure filings fell for a second straight month in September, but remained near a record high, amid ongoing and sweeping efforts to keep borrowers in their homes, a report released on Thursday showed.
Describing the proliferation of fraudulent mortgage rescue schemes as an epidemic on Sept. 17, the U.S. Treasury, Department of Justice, the Department of Housing and Urban Development and the FTC announced they would work together to target investigations and increase their efficiency.
U.S. mortgage foreclosure filings fell for a second straight month in September, but remained near a record high, amid ongoing and sweeping efforts to keep borrowers in their homes, a report released on Thursday showed.
Despite some signs that the worst of the U.S. residential housing crisis may be over, many wealthy homeowners are still being squeezed by the combination of weak home prices and the stock market crash.
After a slow start, the volume of bids on LoanMarket more than quadrupled in August, he said, adding the stabilization of the housing market and the economy may have played a part as well as the discounts available from banks and funds that need to unload underwater investments.
U.S. mortgage applications dipped last week as interest rates on 30-year loans rose above 5 percent, data from an industry group showed on Wednesday.
Executives from two of the United States' biggest home mortgage lenders said the nation's housing market is still in a tenuous state despite signs of stability over the summer months.
Want a snapshot of the U.S. housing market? Check out a mortgage modification event -- the lending equivalent of speed dating.
Freddie Mac, a dominant provider of housing finance money, sees tough times ahead for the U.S. residential market, even as government programs seek to soften the foreclosure crisis, two top Freddie executives told Reuters.
Within weeks of taking office, U.S. President Barack Obama rode to the rescue of homeowners resigned to financial ruin.
Within weeks of taking office, U.S. President Barack Obama rode to the rescue of homeowners resigned to financial ruin.
Want a snapshot of the U.S. housing market? Check out a mortgage modification event -- the lending equivalent of speed dating.
Factory-built homes maker Champion Enterprises Inc (CHB.N) said its lenders agreed to refrain from taking actions after it failed to make certain payments.
On the surface, a glimmer of confidence is returning to the battered U.S. housing market, after more than three years of gut-wrenching defaults, price slumps and foreclosures.
The swift downturn in California's economy and the ensuing wave of job losses cost Sue and Nabil Boctor their house.
