| Nov 6, 2013
| 2:28 PM
Two Broward County men are accused of defrauding hundreds of homeowners and pocketing a collective $3.5 million from them by promising mortgage loan relief that never came, authorities said.
Because of the fraud, some people lost their homes, the...
| Nov 5, 2013
| 10:25 AM
Homeownership in the United States remained flat last quarter, staying at its lowest level in nearly two decades and underscoring the dominant role investors have played in the housing recovery.
The nation’s homeownership rate was 65.1% on a...
| Oct 21, 2013
| 9:37 AM
Coral Gables-based Home Financing Center, one of the largest locally owned mortgage lending companies, has opened an office in downtown Fort Lauderdale with about 4,000 square fee and 15 employees.
Home Financing Center offers fixed-rate mortgages,...
| Nov 4, 2013
| 6:04 PM
NEW YORK — Steven A. Cohen faces what could be an end to his career as one of Wall Street's most profitable money men after his hedge fund agreed to plead guilty to charges of criminal insider trading.
SAC Capital Advisors becomes the first...
| Nov 3, 2013
| 5:00 AM
WASHINGTON — Should you be concerned that the maximum loan amount you'll be able to obtain through the biggest players in the mortgage industry — Fannie Mae and Freddie Mac — might be cut sometime next spring? Maybe you should.
| Nov 1, 2013
| 9:20 PM
Dear Liz: If your in-laws promised you and their son their house, and have for over 20 years, and the whole family is aware that was the plan — your mother-in-law even had a will and a deed made up — do you think the executor of the estate has...
| Oct 25, 2013
| 6:18 PM
NEW YORK — The widely expected $13-billion settlement between JPMorgan Chase & Co. and the federal government started to take shape with details in a key deal unveiled Friday.
The New York bank agreed to pay $5.1 billion to the regulator...
| Oct 31, 2013
| 7:52 AM
Mortgage rates slipped lower this week, with Freddie Mac saying lenders were offering the 30-year fixed-rate home loan at an average 4.1%, compared with 4.13% last week.
The average rate for a 15-year fixed mortgage was 3.2%, down from last week’s...
| Oct 30, 2013
JPMorgan Chase is trying to reach a multibillion-dollar deal with the federal government to settle allegations of securities fraud — based largely on claims against two failing banks it rescued during the crisis at Washington's behest. The...
| Oct 22, 2013
| 8:10 AM
Every year, it seems as though retailers are prepping for the holiday season earlier and earlier. Before Halloween even arrives, some stores have already started running advertisements or stocking their shelves with gifts for the winter holidays. While,...
| Oct 29, 2013
| 11:42 AM
Two Chicago-area men are facing federal wire fraud charges for allegedly charging people thousands of dollars to help them modify their home mortgage loans and then failing to provide any services.
Bolingbrook resident Everett Pope, 38, who was also...
| Oct 29, 2013
| 12:32 PM
Is this the end of bargain mortgage rates?
Home lending will fall by a third next year as interest rates rise, a mortgage industry group says in a new forecast.
The Mortgage Bankers Assn. said Tuesday that it expects to see $1.19 trillion in new...