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Are your mortgage modification terms worth continuing payments?
Financially strapped homeowners who are close to foreclosure may want to face the music now rather than continuing to struggle with their monthly payments. There's a high probability of losing the house anyway, even with the government's help. According...Tags: U.S. Department of the Treasury, Economy, Business and Finance, Financial and Business Services, Central Bank, Finance
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Ask a real estate pro: With retirement in full view, try to avoid refinancing
Sentinel CorrespondentBoard-certified real estate lawyer Gary M. Singer writes about the housing market at SunSentinel.com/housekeys each Friday. To ask him a question, click here. Q: I have five years left until I pay off my 30-year mortgage. I received an offer to...Tags: Justice System, Legal Services, Crime, Law and Justice, Real Estate, Services and Shopping
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Wichitans charged with mortgage fraud
KWCH 12 Eyewitness NewsSeven people in Wichita have been charged in a federal mortgage fraud case. An indictment alleged the scheme involved straw buyers and straw sellers, false loan applications and false supporting documentation submitted to lenders. Victims of the fraud...Tags: U.S. Department of Housing and Urban Development, Federal National Mortgage Association, Federal Deposit Insurance Corporation, Fannie Mae, Freddie Mac
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The truth about hard-money loans
Q: What is a "hard money" loan? A: Technically, it is a loan that is given in exchange for money, rather than to assist a consumer in buying a house. The latter would be called a "purchase money" mortgage. Hard-money lenders do not rely on the...Tags: Politics, Fannie Mae, Property, Pension and Welfare, Financial and Business Services
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Fed: Some borrowers shortchanged in foreclosure settlement
Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...
Tags: Goldman Sachs Group, Inc., Financial and Business Services, Bank of America Corp., Federal Reserve, JPMorgan Chase & Co.
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Mortgage rates tick up, Freddie Mac says: 30-year fixed at 3.42%
Fixed mortgage rates have reversed course and ticked upward, with lenders offering 30-year home loans at an average of 3.42% compared with 3.35% last week, according to the latest Freddie Mac survey. The typical rate for a 15-year fixed mortgage rose...Tags: Loans, Financial and Business Services, Labor Markets, Freddie Mac
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Mortgage interest rates rise for first time in 6 weeks
Sun SentinelAverage interest rates on both 15- and 30-year fixed-rate mortgages increased this week after falling for five weeks in a row, Freddie Mac said Thursday. Average 30-year, fixed-rate loans jumped to 3.42 percent this week after dipping to 3.35 ...Tags: Economy, Business and Finance, Money and Monetary Policy, Finance, Freddie Mac
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Mortgage rates rise on April jobs strength
Tribune reporterMortgage rates moved higher this week, for the first time in six weeks, as a result of a stronger-than-expected April jobs report. Freddie Mac said Thursday that the average rate for a 30-year, fixed-rate mortgage was 3.42 percent, up from 3.35 percent...Tags: Labor Markets
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Mortgage interest rates drop again -- to record low territory
Sun SentinelAverage interest rates on both 15- and 30-year fixed-rate mortgages fell again for a fifth week in a row and are now in record low territory, Freddie Mac said Thursday. Average 30-year, fixed-rate loans dropped to 3.35 percent this week after dipping to...Tags: Money and Monetary Policy, Economy, Business and Finance, Finance, Freddie Mac
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Freddie Mac: 30-year mortgage rate dips to 3.35%, near a record low
The benchmark 30-year mortgage rate dropped this week to an average of 3.35%, its lowest rate in four months and within a whisper of its record low of 3.31% in fall, Freddie Mac said Thursday. The 15-year fixed mortgage, popular with homeowners...
Tags: Financial and Business Services, Federal Reserve, Freddie Mac
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Mortgage rates hover near all-time lows
Tribune reporterThe average interest rate on a 30-year, fixed-rate mortgage continued to hover near its all-time low this week while the 15-year rate fell to a new low, Freddie Mac said Thursday. For a 30-year, fixed-rate mortgage, this week's average rate of 3.35...Tags: Freddie Mac
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Soto asks Rick Scott to veto foreclosure bill
Tallahassee Bureau ChiefTALLAHASSEE -- Democratic Sen. Darren Soto is asking Gov. Rick Scott to veto a bill that would allow for a speedier foreclosure process in some cases. The bill (SB 1666/HB 87) passed the Senate on the last day of session by a 26-13, mostly party line...Tags: Politics, Jack Latvala, Orlando, Financial and Business Services, Rick Scott
May 10, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| South Florida Sun-Sentinel
May 2, 2013
|Story| KWCH
May 10, 2013
|Story| Chicago Tribune
May 9, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| Los Angeles Times
May 9, 2013
|Story| South Florida Sun-Sentinel
May 9, 2013
|Story| Chicago Tribune
May 2, 2013
|Story| South Florida Sun-Sentinel
May 2, 2013
|Story| Los Angeles Times
May 2, 2013
|Story| Chicago Tribune
May 7, 2013
| Orlando Sentinel
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