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The New Hampshire attorney general's office wants to force a mortgage company that closed suddenly into bankruptcy.
A mortgage company in Meredith that closed suddenly last week is undergoing a criminal investigation by the FBI.
Four New York City homeowners have filed a lawsuit charging they were denied access to a federal home-refinancing program.
The state is suing two central Florida companies for allegedly scamming homeowners trying to rescue their properties from foreclosure.
While others argue over whether this really is the bottom, savvy buyers are taking advantage of the best market in years to purchase a home. If you’re an aspiring homeowner, here’s the know-how you need to snatch up a bargain — where to look, what to watch out for, and how to get financing that will make your home-ownership dreams come true.
The Obama administration on Monday unveiled a new program to support state and local housing finance agencies. The plan will help the agencies finance mortgages for first-time homebuyers and develop rental housing.
JPMorgan Chase & Co. and two other investment banks have agreed to pay $100 million to settle a lawsuit over their contribution to investor losses in the collapse of American Business Financial Services Inc., the bankruptcy trustee's lawyer said Friday.
Average rates for 30-year home loans stayed below 5 percent for the second-straight week, kick-starting refinancing activity, Freddie Mac said Thursday.
A 28-year-old Sacramento man who led authorities on an international manhunt has been returned to California to face federal charges in an alleged mortgage fraud scheme.
A widow claims that debt collectors hounded her husband to death with as many as nine caustic calls per day, causing stress that contributed to his fatal heart attack. She's suing the Florida couple's mortgage company in a unique wrongful death case.
It all comes down to details: The success of the federal government's attempts to keep homeowners from defaulting on their mortgages appears to hinge on small things such as a servicer not losing a customer's documentation.
The Federal Deposit Insurance Corp. is encouraging companies that buy failed banks with troubled home loans to extend temporary help to people who have lost their jobs and can't pay their mortgage bills.
Wells Fargo & Co. on Wednesday said it completed 33,172 trial and final modifications under the Home Affordable Modification Program through the end of August.
A mortgage industry group wants Fannie Mae and Freddie Mac replaced with private companies that would be able to issue mortgage bonds formally backed by the federal government.
Our story last week on the failure of the government's mortgage relief efforts drew a flood of mail from homeowners facing default and foreclosure. The Answer Desk, by John W. Schoen.
Nearly two years after the federal government moved to slow home foreclosures, a third major effort is turning into another painful disappointment. By John W Schoen.
The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning to turn the corner.
The Associated Press has withdrawn its story about mortgage delinquencies in the fourth quarter of 2008. The story contained dated information. A corrected story will be sent shortly.
Last week's news on the slow pace of mortgage relief for millions of struggling homeowners generated a flood of mail from readers looking for help. The Answer Desk, by John W. Schoen.
A look at the loan servicers in Treasury's mortgage-modification program, the taxpayer money they could receive and the percentage of eligible loans they've offered to modify so far. The servicers will keep some of Treasury's money and will pass some of it on to investors and homeowners. (Modification figures are not available for some servicers because they joined the program too recently.)
Having trouble paying your mortgage? To find out if you qualify for a loan modification, you'll have to work with a loan servicer — the company that collects your mortgage payments.
Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through — and enriching — companies accused of preying on the people they're supposed to help, an Associated Press investigation has found.
A prominent U.S. mortgage company is being investigated by the Housing and Urban Development Department after allegedly failing to submit a required financial report, raising concerns of fraud.
After over a year of various industry initiatives, the slow pace of rewriting unaffordable loans remains at a crawl, threatening a fragile recovery. By msnbc.com's John W Schoen.
Dislocated in AmericaWhat may be occurring is a seismic shift in the American economy, one that could leave as many as one in four Americans permanently unemployed or so drastically underemployed that he or she can't make ends meet.
Money.CNNNews & advice on retirement planning, college saving, taxes, mortgages, autos, real estate, investing and more from CNNMoney.com.
Why Can't Prosecutors Even Come Close to Taking Down Wall Street Thugs?"The bankers at Goldman Sachs, Goldman's CEO pronounced last week, are doing "God's work." God, these days, must truly be working in strange ways. Take what happened a few short years ago, right before the bubble burst on the market for subprime-backed securities."
House prices won't fall again for yearsLow interest rates will support house prices until 2014, argues Harvey Jones. And he's not happy about it. Just one thing has stood between the UK and a housing crash this year: rock-bottom interest rates.
The mortgage that beats base rate rises!With the UK BoE Base Rate likely to rise soon, going for a tracker mortgage is a gamble. That is, unless you go for this one!
lovemoney.com - The estate agent debateIs it essential to use an estate agent when you sell your home? We speak to Sarah Beeny and estate agent, Philip Bullman to get both sides of the argument.
Large deposits no longer neededLenders are getting more relaxed about what you can put down as a deposit! It wasn't that long ago that all of the best mortgages were reserved for those with a 40% deposit.
New Rules Make Home Sales, Refinancing More CostlyBOSTON (WBZ) ―Mortgage rates below 5-percent have people scrambling to refinance. They have also helped breathe new life into the troubled real estate market. But a new rule has many people shocked to discover their financing is near collapse just days before closing
Chase Accidentally Sells Couple's HomeDespite being up-to-date on their modified mortgage payments, a Valley couple found Chase foreclosing on their home.
As Foreclosure Nightmares Increase, Will More Homeowners Pay Off Their Bankers in Violence?"The economic crisis revealed late-capitalism's central offense: Human beings are being transparently treated if they were mere transactions. And they're going postal over it."
A Bad Way to Spend MoneyCongress threw good money after bad this week when it voted to extend and expand a wasteful home buyer's tax credit set to expire at the end of the month.
Have the Very Wealthy Achieved Victory in Their Class-War?"In 2007, the most recent year with stats, households in America's top 1% averaged $1.4 million, well over triple what top 1% households averaged back in 1974—and, remember, this tripling came after adjusting for inflation.
Florida Bracing Itself for Even More ForeclosuresThe Florida housing market is slowly and steadily recovering after a surge of foreclosures left the state with dwindling home values. However, a new rush of foreclosures looks as if it will saturate the area once again.
Florida Consumers Should Be Aware of Real Estate FraudOver half a dozen real estate executives have been involved and charged with mortgage fraud in Florida.
MERS Losing! Stop Your Foreclosure, Share with OthersIn court cases in KS, OH, NY, NV and MA human beings are saving their homes from foreclosure by demanding that banks produce the Note.
House Oversight Leader Agrees to Subpoena Documents on Mortgage Deals After resisting for weeks, the chairman of the House oversight committee said on Friday that he would subpoena documents from the Countrywide Financial Corporation about its program to offer special mortgage deals to preferred customers — including some members of Congress.
New Mortgage Rules: Credit Scores More Important Than EverThe Federal Truth and Lending Act was established in 1968, but with the new changes that the Federal Reserve recently made, it is now more difficult for new home owners to qualify for mortgages.
Elizabeth Warren: We Have Consumer Protection For Toasters In This Country But Not For Mortgages and Credit Cards (Interviews and Video From Michael Moore's New Film)The House Financial Services Committee passed a watered-down version of the proposed Consumer Financial Protection Agency Thursday morning. In the words of Financial Services chairman Barney Frank: "We have restricted the CFPA from what the administration proposed."
Harris Wins Federal Grant To Combat Mortgage FraudHarris Wins Federal Grant To Combat Mortgage & Investment Fraud Bay Area Law Enforcement Leaders and Consumer Advocates Unite to Support the Creation of a Federal Consumer Protection Oversight Agency to Fight Financial Fraud
Global Melt Down about to restart with New US Mortgage Fight!!!Federal Bankruptcy Judge Linda Riegle ruled earlier this year in Las Vegas that MERS had no standing because the company is not the real party in interest — it doesn't actually own the loan. In other words, in the course of bankruptcy proceedings, MERS had no claim to the house.
Insurers dropping Chinese drywall policies leaving Home Owners at risk of foreclosureWEST PALM BEACH, Fla. – James and Maria Ivory's dreams of a relaxing retirement on Florida's Gulf Coast were put on hold when they discovered their new home had been built with Chinese drywall that emits sulfuric fumes and corrodes pipes.
Home rescue plan delaying, not solving crisis(Reuters) - Within weeks of taking office, U.S. President Barack Obama rode to the rescue of homeowners resigned to financial ruin.
Where Americans Pay Most To Live: Housing costs--including taxes, insurance and utilities--cost residents of these 20 metros most.It happens every month: Millions of American pony up for the gas bill, mortgage or rent payment and real estate taxes--and subsequently watch their bank balances dwindle. That's because housing expenses are the biggest monthly expense most families face.
One Out of Three Loan Applications DeniedStatistics are not looking good for loan borrowers, as one out of three mortgage applicants was denied last year. The strict standards, which predictably followed the housing market crash, show no signs of loosening the lending reins.
Florida Home Insurance Rates Increase AgainAfter a long bout of affordable home insurance rates, Florida home owners are witnessing a steady increase in prices of policies. Companies like Federated National Insurance and Northern Capital Group have had rate increases of 19 percent and 10 percent, respectively.
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