The federal government isn't well known for cutting red tape and reducing bureaucratic obstacles.Recent changes in the VA home loan[[sitetree_link,id=1372]] program, however, may be turning that perception around a bit.
Fixed mortgage rates fell to their lowest levels in 20 months this week, with the average on 30-year fixed-rate mortgages dropping to 3.63 percent, according to today's weekly rate report from Freddie Mac.
Finding the best rate and deal on a mortgage can be a challenge - how do you compare all those competing offers out there? However, a new online tool unveiled this week by the Consumer Financial Protection Bureau (CFPB) tries to make it a bit easier.
Expanded unemployment benefits were one of the most effective federal programs in preventing foreclosure in the wake of the Great Recession, according to a recent study, outperforming other efforts specifically designed to address the foreclosure crisis.
Underwater homeowners, homebuyers and distressed borrowers are expected to share in a little more than one-third of a reported $7 billion settlement that Citibank has agreed to pay to resolve claims regarding defective mortgages it sold to investors in the years prior to the recession.
For retirees in need of money, a cash advance on their pension may seem like an attractive option.But such arrangements often compare poorly to other financial options, according to a new study from the Government Accountability Office (GAO).
Foreign purchases of U.S.homes rose sharply over the past year, increasing more than one-third over the previous annual period, according to figures released today over by the National Association of Realtors (NAR).