Mortgage News

Deposit money banks and insurance companies operating in the country have failed to invest in the National Housing Fund as statutorily required under the NHF Act No.

The Federal government has recently changed its guidelines on refinancing. Homeowners who are "underwater" in regards to value in their homes can now also take advantage some of the lowest rates in 60 years , regardless of your appraised value or loan amount .

Now don't get me wrong, I'm not condoning Michael Kovar for misrepresenting his income on his mortgage application and he should be punished.

Fears that some financial institutions will not be able to honour their debts mean that banks and building societies have to pay more to raise the money they in turn lend to homebuyers.

On a rain-drenched day in early 2008, a large elm tree tumbled over, destroying a house in Sacramento, Calif.

Two weeks ago, a Westchester family had finally reached the end of seven years in foreclosure hell.Then the plate tectonics of the massive bank that controls their fate shifted.

It's been more than four years since the U.S. Department of the Treasury invested $204.9 billion into 707 banks of all sizes under the Troubled Asset Relief Program initiative known as the Capital Purchase Program.

NEW YORK Wall Street dealers raised risk premiums on a pair of commercial mortgage-backed securities to the highest levels for new issues since December, as the market was swept into the European sovereign-debt storm, according to investors familiar with the offerings.Goldman Sachs Group Inc.

Utah Republican Sen. Mike Lee has experienced the housing bust first-hand after short selling his dream home a few months after taking office.

Guilford County, NC-- If you or someone you know is unemployed or on the brink, there is a program that could help you keep your home.

The brains behind a property-flipping scheme that turned a $295,000 Dublin home into a $950,000 home has been ordered to prison for 41/2 years.

As the Eurozone crisis deepens more than 100,000 people could lose their homes if mortgage repayments rise by just 20 a month - a leading charity has revealed today.

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ALEXANDRIA, Va. - Five people have pled guilty to conspiring to secure more than $1.5 million in a mortgage fraud scheme involving a home in Gainesville, Va.

The spending watchdog, the National Audit Office, says the projected loss reflected the fact taxpayers should have been better rewarded for pumping their money into the failed bank.

We've all heard about the need to cut government spending in America - but how much do we actually spend on key budget items? NPR charts the last 50 years of spending.

Individually the poor are not too tempting to thieves, for obvious reasons. Mug a banker and you might score a wallet containing a month's rent.

Facebook's initial public offering of stock is shaping up to be one of the largest ever.

The cost of household energy has risen more than five times faster than household income since 2004, according to a study.

Stock futures are falling, with unease about Europe overshadowing what is expected to be another positive U.S. employment report and also some big numbers from the world's largest retailer.