Rates Ending 2012 Near Record Lows

Fixed mortgage rates are finishing the year near all-time lows, trending down or holding steady...

Existing Home Sales Hit 3-Year Peak

Sales of pre-owned homes rose strongly in November, topping an annual rate of 5 million units and...

Most Popular Reverse Mortgage to End

The nation’s most popular type of reverse mortgage is being discontinued by the FHA, at least...

Home Prices Show Strengthening Gains

U.S. home prices have been showing strong gains in recent months, with year-over-year price increases...

Foreclosure Assistance Ads Unveiled

Federal officials are launching a new ad campaign to raise awareness of the assistance that may be...

Over Half Say Mortgages Easy to Get

Over half of Americans surveyed now think it would be easy to get a mortgage, the first time the...

Refinancing Up As Rates Edge Down

More homeowners sought to refinance their mortgages last week, as mortgage rates on some of the most...

Foreclosures Keep Trending Down

Fewer homes are being lost to foreclosure, with the number of completed foreclosures in October down...

New Home Sales Flat Since Spring

New home sales declined slightly in October, but the real news today out of the Census Bureau may be...

No More Canceling FHA Loan Insurance

Borrowers who take out FHA home loans will soon be stuck with paying for mortgage insurance for the...

Mortgage Companies Warned On Ads

Nearly three dozen mortgage lenders and other companies are being put on notice to correct...

Mortgage Rates Hit New Record Lows

Mortgage rates fell to new lows this week, with the averages on both 30- and 15-year fixed-rate home...

Foreclosure Discounts Shrink

Foreclosed homes just aren’t the bargain they used to be.

According to Zillow, the...

Jump in Mortgage Delinquencies Seen

Mortgage delinquency rates spiked in September, posting their largest increase since the crash year...

HAMP Share of Loan Mods Shrinking

Mortgage servicers are granting more private loan modifications to financially stressed homeowners...

Mortgage Rates Show Small Decline

Mortgage rates eased back down slightly this week, remaining close to their all-time lows, according...

Options for Disaster Mortgage Relief

Homeowners who have been adversely affected by Hurricane Sandy may be able to qualify for mortgage...

RealtyTrac: Worst of Foreclosures Past

The worst of the foreclosure crisis has passed for most of the nation’s housing markets, though some...

Sharp Drop in Refinancing Expected

Mortgage lending is expected to slow significantly in 2013, with refinancing volume dropping by one-...

Rates Down, New Home Construction Up

Fixed mortgage rates ticked back down again this week, with 30- and 15-year loans once again at or...

Outlook for Mortgage Credit Mixed

Risk managers for U.S. banks are almost evenly divided over prospects for residential mortgage credit...

Foreclosures Hit Five-Year Low

U.S. foreclosure activity has fallen to its lowest level in more than five years, according to...

Hundreds Charged With Mortgage Fraud

Federal and state authorities today filed criminal charges against more than 500 defendants accused...

Romney Might Limit Mortgage Deduction

The long-cherished mortgage interest deduction could be limited under an overhaul of the tax system...

BofA to Forgive 150k Second Liens

Bank of America is erasing the debt on 150,000 second liens for mortgage borrowers in financial...

Mortgage Rates Drop Even Further

Average interest rates on 30-year fixed-rate loans took a big drop this week, as fixed mortgage rates...

Refinancing Rises on Record Low Rates

Mortgage refinancing activity hit its highest level since early August last week, as mortgage rates...

Fewer Loans Past Due, in Foreclosure

Mortgage delinquencies are down by more than 10 percent over the past year, although more than one...

Home Sales, Construction on the Rise

The housing market got a double jolt of good news today, with both existing home sales and new home...

Income Rules Relaxed for Refinancing

Fannie Mae and Freddie Mac are making it easier for borrowers with irregular income to refinance...

Mortgage Demand Sees Holiday Boost

Mortgage applications appeared to rise sharply last week, although analysts caution it could simply...

Fifth of Paid-Up Homeowners Underwater

About one-fifth of homeowners who are current on their mortgages are underwater on their loans, a...

FHA Refinances Soar on Reduced Fees

Streamlined refinancing of FHA mortgages has exploded in the two months since HUD slashed the fees...

Mortgage Rates Head Back Down

Mortgage rates eased back down this week, breaking a streak of four consecutive weekly increases for...

Foreclosure Rate Lowest in 5 Years

The number of homes lost to foreclosure has fallen to its lowest level in five years, according to...

First-Time Homebuyers Decline

Fewer first-home buyers are coming into the market, despite favorable home prices and mortgage...

Home Sales, Prices Show More Gains

U.S. home sales posted an annual increase for the 13^th consecutive month in July, with...

Rates Climb for Third Straight Week

Mortgage rates continue to track gradually upward, posting modest increases for the third consecutive...

Fewer Late on Mortgages, Credit Cards

Loan delinquencies are dropping in the United States, with the number of past-due borrowers on both...

Rates Up Second Straight Week

Mortgage rates are up for a second consecutive week, the first time that’s happened in five months,...

Home Prices Rise 4th Straight Month

U.S. home prices continued their upward trend in June, increasing on both a monthly and annual basis...

Mortgage Rates Reverse Decline

Mortgage rates reversed course this week, with averages on fixed-rate mortgages posting their first...

Foreclosures Back to 2007 Levels

Bank repossessions of foreclosed homes have fallen back to pre-recession levels, the real estate...

Mortgage Rates, Home Sales Decline

Another week, another record low for mortgage rates.

Zillow: Home Prices Have Bottomed

U.S. home values appear to have bottomed out, posting their first annual increase in five years,...

Mortgage Servicers Get Fewer Gripes

Homeowners are reporting greater satisfaction with their mortgage servicers, due in large part to...

Strong Pace for HARP Refinances

Mortgage refinancing under the Home Affordable Refinance Program (HARP) continues on a strong pace,...

Mortgage Rates Continue to Fall

Interest rates on fixed-rate mortgages continued to fall to new record lows this week, amid...

Guarded Optimism Over Housing Market

Americans are feeling increasingly optimistic about the direction of the housing market, despite...

California Acts to Protect Homeowners

A package of homeowner protections was passed by the California state legislature on Monday,...

Mortgage Rates Holding Steady

Mortgage interest rates held largely steady this week, amid several positive signs pointing to a...

New Home Sales Rebound

New home sales rebounded in May, hitting their strongest pace in more than two years, according to...

FHA Refinance Demand Doubles

Demand for FHA refinancing more than doubled last week, following deep reductions in fees charged for...

Mortgage Demand Jumps

Mortgage demand hit its highest level in more than three years last week, with big increases in...

Mortgage Rates Reach New Lows

Interest rates on fixed-rate mortgages fell significantly this week, dropping to new record lows for...

Home Prices Showing Gains

U.S. home prices are rising at a rate not seen in nearly six years, posting consecutive increases in...

15-Year Rates Drop Below 3 Percent

Interest rates on 15-year mortgages have fallen below 3 percent for the first time, as fixed-rate...

S&P Shows Home Prices Flattening

U.S. home prices remained essentially flat in March, showing only incremental declines according to...

Refinancing Up as Rates Keep Falling

Mortgage refinance demand has risen for a third consecutive week, driven by sagging rates that fell to the...

Home Affordability Highest Ever

It’s more affordable than ever to buy a home, but restrictive lending requirements are preventing...

Home Construction Posts Big Gains

New home construction is up sharply over the past year, according to government figures released today, a...

Mortgage Rates Keep Falling

Another week, another record low for mortgage rates. 

Overall Home Prices Show Gain

U.S. home prices posted a small gain in March, their first overall increase in eight months, according to...

Fed Study Rejects Standard Explanations for Housing Bubble

The most popular beliefs as to what caused the U.S. mortgage crisis and subsequent economic collapse are...

Foreclosures Pick Up Slightly

The foreclosure rate ticked up slightly in March, but remains well below its rate of one year ago,...

HARP 3.0 in the Works?

Rumors are flying today about a proposed HARP 3.0 that would further expand the program to borrowers whose...

Home Sales Decline in March

Existing home sales fell in March, though industry insiders say they remain optimistic about long-term...

Home Prices Reverse 18-Month Skid

U.S. home prices posted their first annual increase in a year and a half in February, posting a 1.1...

New Borrower Protections Proposed

New rules that would provide consumers with greater protections in dealing with their mortgage servicers...

FHA Fees to Increase on Monday

Insurance rates for FHA mortgages are going up, effective Monday. 

After Spike, Mortgage Rates Ease Back

Mortgage rates retreated this week, with 30-year loans falling back below the 4 percent mark after briefly...

Pending Home Sales Ease Off

Pending home sales fell slightly in February, but continue to run well ahead of last year’s pace, the...

Buying Now Cheaper than Renting

If you’ve been thinking about buying a home, consider this: In virtually every city in America, it’s now...

Hispanics May Drive Housing Recovery

When the housing market finally rebounds, Hispanic buyers will play a major role, according to a new...

Purchase, HARP Applications Increase

The two sides of the mortgage market have been headed in opposite directions lately, with applications for...

Another Record Low for 15-Year Rates

The lowest mortgage rates ever were reported this week on 15-year fixed-rate home loans, while 30-year...

$25B Settlement May Offer Little Help

Only 5 percent of underwater homeowners are likely to qualify for mortgage principal reductions under the...

S&P: Home Prices Hit Post-Crash Low

U.S. home prices have fallen to a new post-crash low, pushed by a significant downturn during the final...

Mortgage Rates Move Off Record Lows

Mortgage rates headed higher this week, following three consecutive weeks when 30-year fixed-rate loans...

The Other Foreclosure Settlement

The recent $26 billion foreclosure abuses settlement has been getting a lot of attention, but time is...

Foreclosure Deal to Benefit Troops

Servicemembers who were improperly foreclosed on will receive six-figure settlements as part of a...

New HARP Could Help Up to 6.7 Million

Recent changes to HARP mean that some 6.7 million homeowners will be eligible to refinance their mortgage...

Housing Upturn Seen in 100 Cities

Nearly 100 U.S. housing markets are now regarded as “improving,” with home prices and other indicators...

HARP Refis 10 Percent of Total

Demand for mortgage refinancing eased slightly last week, after the Federal Reserve indicated it would...

HAMP Expanded to Rentals, 2nd Liens

Owners of rental properties and homeowners burdened by secondary expenses are now eligible for mortgage...

2011 Record Low for New Home Sales

New home sales had their worst year on record in 2011, with the estimate of 302,000 single-family homes...

Calif. AG Rejects Mortgage Settlement

A settlement that could produce up to $25 billion in mortgage relief for homeowners is in doubt after it...

Cheapest Home Have Happiest Owners

People who paid the least for their homes are most satisfied with home ownership, while those who buy very...

Home Sales End 2011 On High Note

Existing home sales ended the year on a positive note, posting a 5 percent seasonally adjusted gain in...

Modest Housing Rebound Seen in 2012

The housing market will begin to rebound in 2012, as part of a broader economic recovery, the financial...

Unskilled Appraisers Seen as Problem

Regulations intended to promote accurate real estate appraisals sometimes result in poorly qualified...

No More Mortgage Insurance Deduction

A key tax deduction for recent home buyers expired on Jan. 1, as Congress declined to extend the write-off...

Freddie Mac Gives Jobless a Break

Unemployed homeowners can now be excused from making mortgage payments for up to a full year on Freddie...

Mortgage Rates Down to Start Year

Mortgage rates are starting out the New Year at or near their all-time lows, trending down slightly from...

Minority Borrowers to Share in $335M Countrywide Settlement

More than 200,000 mortgage borrowers will be entitled to a share of a $335 million settlement over alleged...