Search for Article...
3 June 2014
Wells Fargo, the nation's largest mortgage lender, is eliminating the interest-only provision of its home equity line of credit (HELOC) products.
Read more
14 February 2014
In a big break for borrowers with damaged credit, mortgage giant Wells Fargo is easing back into the market for subprime loans.
Read more
29 August 2012
Major banks provided over $10 billion in mortgage relief to consumers in recent months as part of a $25 billion settlement over foreclosure abuses, the monitor of the settlement reported today.
Read more
19 July 2012
Homeowners are reporting greater satisfaction with their mortgage servicers, due in large part to better relations with borrowers who are having difficulty meeting their payments.
Read more
5 March 2012
Only 5 percent of underwater homeowners are likely to qualify for mortgage principal reductions under the recent $25 billion foreclosure abuses settlement, an economist with the Brookings Institution has calculated.
Read more
21 February 2012
The recent $26 billion foreclosure abuses settlement has been getting a lot of attention, but time is running out to obtain relief under another action that could potentially help even more former homeowners.
Read more
13 February 2012
Servicemembers who were improperly foreclosed on will receive six-figure settlements as part of a secondary agreement to the $26 billion foreclosure abuses settlement announced last week.
Read more
9 February 2012
A $26 billion settlement that would fund loan modifications and mortgage refinancing for at-risk homeowners was announced today by state and federal officials.
Read more
26 January 2012
A settlement that could produce up to $25 billion in mortgage relief for homeowners is in doubt after it was rejected by the California attorney general, who said the proposed deal doesn't go far enough.
Read more
4 March 2011
According to FHA Commissioner David Stevens, there are 23 lenders participating in the FHA Short Refinance Program.Finding out if your lender is one of them can be a challenge.
Read more
16 February 2011
Just three banks accounted for more than half of all mortgages originated in 2010, while overall mortgage lending declined by about 22 percent for the year.
Read more
11 February 2011
All four of California's "Hardest Hit Fund" anti-foreclosure programs are now operational, the state has announced, but only two have substantial participation from the nation's largest lenders.
Read more
8 February 2011
The $7.5 billion allocated by the feds to 18 states and the District of Columbia for mortgage assistance programs is looking like more of a circus than a godsend.
Read more