U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.
U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.
Getting a mortgage loan these days can be a slow and frustrating experience.
Some economic observers are predicting another wave of foreclosures later this summer or in the fall. That's because lenders that have held off on foreclosures as part of President Obama's plan will now move forward aggressively to clear the backlog of troubled mortgages.
The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.
U.S. mortgage applications plunged to a seven-month low last week as demand for home refinancing loans tumbled 30 percent, data from an industry group showed on Wednesday.
If you look at the banking sector response to this crisis, it appears that the further east you go, the more demanding your typical lender becomes, said Mike Sales, the London-based head of property at Henderson Global Investors.
Signs that home prices may have bottomed have stirred hope on Wall Street that the economy is on the mend, yet tight credit and a new foreclosure wave cast doubt on any looming housing revival.
Budget hotel chain Red Roof Inn Inc. has defaulted on $361.4 million of mortgage debt, credit rating agency, Realpoint LLC, said on Tuesday.
Home resales rose again in May, the first back-to-back monthly gain since September 2005 due to historically low mortgage rates and a first-time buyer tax credit, the National Association of Realtors reported on Tuesday.
Interest rates on U.S. 30-year fixed-rate mortgages rose to 5.57 percent late Thursday after hovering around 5.47 percent on Wednesday, according to real estate Website Zillow.com.
Those green shoots that optimists keep seeing may be growing in the real estate market -- there are some indicators of healthier, more stable activity in housing.
U.S. mortgage applications fell for a fourth consecutive week, with overall demand plunging to its lowest level in nearly seven months, data from an industry group showed on Wednesday.
U.S. mortgage applications fell for a fourth consecutive week, with overall demand plunging to its lowest level in nearly seven months, data from an industry group showed on Wednesday.
U.S. home-builder sentiment slipped in June, a private survey showed on Monday, as higher mortgage rates and an ongoing credit crunch dampened expectations for the sector.
U.S. homebuilder sentiment slipped in June, a private survey showed on Monday, as higher mortgage rates and an ongoing credit crunch damped expectations for the sector.
The Federal Reserve must work to keep 30-year fixed mortgage rates at historically low levels for the next year or the economy will remain in recession, according to a group of chief executive officers from leading U.S. companies.
Mortgage rates leaped with bond yields in the past week to the highest since November, erasing strides made by a massive government program to help revive U.S. housing.
U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
A spike in U.S. mortgage rates drove down total home loan applications last week as demand for refinancing shriveled to the lowest level since November, the Mortgage Bankers Association said on Wednesday.