Commercial mortgages at U.S. banks have been failing at the fastest rate in nearly 20 years, the Wall Street Journal said, citing its own analysis.
Commercial mortgages at U.S. banks have been failing at the fastest rate in nearly 20 years, the Wall Street Journal said, citing its own analysis.
Ground-breaking for new U.S. homes jumped in June, with starts for single-family homes rising at the fastest rate in 4-1/2 years, the government said on Friday in a report that suggested the battered housing sector was beginning to stabilize.
U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated.
The Obama administration is looking at ways for homeowners who have defaulted on their mortgages to remain in their homes as renters, senior administration officials said on Thursday.
U.S. mortgage applications rose for a second straight week, driven by a jump in demand for home refinancing loans as interest rates tumbled, data from an industry group showed on Wednesday.
A July 10 lender bulletin from Freddie Mac says appraisers
President Barack Obama is mulling new ways to delay foreclosure for jobless homeowners who are unable to keep up with monthly payments, an administration official said on Monday.
Most Americans still consider having enough money for downpayment and closing costs to be the biggest obstacles to buying a home
The Obama administration is asking the largest mortgage finance companies to quicken the pace of modifying home loans and so help more troubled borrowers avoid foreclosure.
New York prosecutors on Wednesday said 13 people and a mortgage origination company have been indicted on charges of running a multimillion-dollar real-estate fraud that cheated lenders through sham sales.
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.
