The number of home foreclosures in process and delinquent mortgages rose during the second quarter, while home retention actions also rose, U.S. bank regulators said on Wednesday.
IBT Staff Reporter
Sep 30, 2009
U.S. mortgage applications fell last week despite the lowest loan rates in four months, the Mortgage Bankers Association said on Wednesday, in another sign that housing will likely recover slowly from its three-year plunge.
IBT Staff Reporter
Sep 30, 2009
U.S. mortgage rates held at their lowest level since late May in the latest week, low enough to continue to spur home loan demand and help the hard-hit U.S. housing market recover.
IBT Staff Reporter
Sep 29, 2009
Scores of independent mortgage banks have closed their doors over the past two years due to the challenges of obtaining short-term credit, and two new trade groups have been established in response.
IBT Staff Reporter
Sep 28, 2009
Homeowners who pay off their mortgage loan should notify county officials where the property is located, and file proof that the debt is paid.
IBT Staff Reporter
Sep 28, 2009
The U.S. Treasury plans to kick off a fresh $15 billion liquidity and mortgage bond purchase program to assist state finance agencies providing mortgages to low-income borrowers, Bloomberg said, citing a person familiar with the matter.
IBT Staff Reporter
Sep 28, 2009
Legal entanglements and well-intentioned home-owner-assistance efforts have slowed the pace of foreclosures, but eventually many of these distressed homes will hit the market anyway.
IBT Staff Reporter
Sep 24, 2009
U.S. mortgage rates held at their lowest level since late May in the latest week, low enough to continue to spur home loan demand and help the hard-hit U.S. housing market recover.
IBT Staff Reporter
Sep 24, 2009
A slew of state and local home foreclosure mediation programs have enormous potential to help homeowners, but most suffer from lack of industry accountability, according to a study released on Wednesday.
IBT Staff Reporter
Sep 23, 2009
Two mortgage real estate investment trusts halved their planned initial public offerings on Wednesday, casting a shadow on upcoming IPOs in the sector.
IBT Staff Reporter
Sep 23, 2009
U.S. mortgage applications jumped last week to their highest since late May as interest rates tumbled below 5 percent, data from an industry group showed on Wednesday.
IBT Staff Reporter
Sep 23, 2009
U.S. mortgage applications jumped last week to their highest since late May as interest rates tumbled below 5 percent, data from an industry group showed on Wednesday.
IBT Staff Reporter
Sep 23, 2009
U.S. mortgage applications jumped last week to their highest since late May as interest rates tumbled below 5 percent, data from an industry group showed on Wednesday.
IBT Staff Reporter
Sep 23, 2009
The Obama administration has opened a dialogue with major lenders, economists, and government officials over the possibility of extending a financial lifeline to home owners who no longer can afford their mortgages because of job losses.
IBT Staff Reporter
Sep 22, 2009
High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax Inc credit bureau showed on Monday.
IBT Staff Reporter
Sep 21, 2009
The Next Foreclosure Crisis; Telecom Chief Mixed on Economy; Employers to Bear Brunt
IBT Staff Reporter
Sep 17, 2009
The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset.
IBT Staff Reporter
Sep 17, 2009
The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset.
IBT Staff Reporter
Sep 17, 2009
Commercial mortgage backed securities got a lift on Wednesday from new U.S. Internal Revenue Service rules that make it easier to modify securitized mortgages without tax penalties.
IBT Staff Reporter
Sep 16, 2009
Demand for U.S. home loans fell as fixed mortgage rates rose last week in a banking period shortened by the Labor Day holiday, the Mortgage Bankers Association said on Wednesday.
IBT Staff Reporter
Sep 16, 2009
A year after the financial collapse of 2008, the housing market is very different than it was before the foreclosure crisis.
Here are seven bits of wisdom from economists and financial planners for anyone contemplating a home purchase today:
IBT Staff Reporter
Sep 14, 2009
Interest rates on U.S. 30-year fixed-rate mortgages fell below 5 percent on Friday, a significant psychological level that should help the hard-hit U.S. housing market to recover, according to real estate website Zillow.com.
IBT Staff Reporter
Sep 11, 2009
