MORTGAGE

Web videos released by the Democratic Congressional Campaign Committee suggests the Republican plan will help millionaires buy more private yachts and mansions.

Popularly known as the "Toxic Tush" practitioner, the fake doctor Oneal Ron Morris who allegedly injected chemicals like bathroom caulk, cement, fix-a-flat, super glue and mineral oil into patients claiming it was silicone in order to enhance their butt, was charged with manslaughter on Thursday and convicted for the death of one of her patients: 31-year-old Shatarka Nuby.

The 30-year U.S. mortgage rate fell to new record low of 3.49 percent in the week ending Thursday, an unprecedented 1.06 percent below last year's value of 4.55 percent, according to mortgage financier Freddie Mac, with the drop reflecting growing concern over the economy.

John Baird, owner of Christian Pilgrim Tours Inc., promised the trip of a lifetime to his devoutly religious clients. In the end, however, the customers lost thousands of dollars and never made it on their vacations to the Holy Land.

Some of local governments are turning to a new tool to fix the problem, known as underwater mortgages: seizing the loans through eminent domain and enacting principal reductions, a move that is attracting praise and controversy.

Millions of Americans have gone broke by buying their dream home and now financial innovation is needed to help savers and mortgage holders get out of debt.

U.S. companies have been finding it much easier to deliver earnings beats, or profits that are higher than expected, as analysts on Wall Street continue to trim their forecasts for earnings growth. However, they might have also come to realize that beating earnings expectations alone is not enough to help their stock prices.

The future of Fannie Mae and Freddie Mac, the two government-controlled entities that guarantee around 60 percent of the U.S. mortgage market, remains uncertain, but their federal regulator is requesting a plan to wind them down and sell their assets.

U.S. existing home sales unexpectedly fell in June, according to the National Association of Realtors, raising fresh doubts about the housing recovery. Here are five important trends taken from the numbers.

Although the U.S. home construction industry continues to lag behind the broader job market, improvements in housing are expected to create jobs and boost construction this year, mortgage financier Freddie Mac said in a new report, Housing: Getting Back To Work.

The recession and housing crash have triggered a sharp decline in the share of American households who own their own home. Homeownership, which is at its lowest point in 15 years, is bound to fall even further, driven by tight credit, lackluster economic growth and more foreclosures.

Bank of America's second-quarter earnings reversed a year-earlier loss and beat analyst expectations on higher mortgage income, improved credit quality and the absence of good will impairment charges.

The nascent U.S. housing recovery could be concealing another financial time bomb: home equity loans.

Nigerian authorities served Makoko residents with an eviction notice last week. They were given only 72 hours to leave their homes before demolition forces moved in.

The head of the world's most powerful central bank said it stands ready to offer additional monetary support to a U.S. economy that has slowed significantly in recent months, U.S. Federal Reserve Chairman Ben Bernanke told lawmakers on Tuesday.

Bank of America Corp. (NYSE:BAC), the troubled financial behemoth that teetered just above the abyss during the last few weeks of 2011 and has since made somewhat of a recovery, is expected to swing to profit when it reports quarterly financial results Wednesday morning.

The internal memo, written by outgoing Executive Chairman Marcus Agius, added that customers, clients, shareholders and regulators all have a right to feel let down.

Luxury homeowners are panicking at the prospect of paying millions of dollars more in capital gains taxes from next year. Their soaring desperation could eventually cripple housing prices.

When San Franciso-based Wells Fargo & Company (NYSE:WFC), releases quarterly results Friday morning, analysts will be examining the corporate filing for hints as to the state of the U.S. housing market.

A Spanish activist group fighting against bank-ordered evictions has stepped up its protest activity and embraced law-breaking -- and sometimes violent -- methods to stop the physical removal of families from their homes.

A Massachusetts man made good on a promise to make his last mortgage payment on his home with pennies.