Topics :: mortgages

US New Home Sales Plunge As Mortgage Rates Rise

By Chris Rugaber | Friday Aug 23, 2013
Americans cut back sharply in July on their purchases of new homes, a sign that higher mortgage rates may weigh on the housing recovery.

Fannie Mae Posts $10.1 B Net Income for 2Q

By Marcy Gordon | Friday Aug 9, 2013
Mortgage giant Fannie Mae earned $10.1 billion in the second quarter, aided by the recovery in the housing market. The government-controlled company has turned a profit in each of the past six quarters.

Obama Heads to Phoenix to Pitch Mortgage Reform

By Julie Pace | Tuesday Aug 6, 2013
President Barack Obama is proposing to overhaul the nation’s mortgage finance system, including shutting down government-backed Fannie Mae and Freddie Mac - a plan with bipartisan support on Capitol Hill.

Bank of America Fined for Refusing Lesbian Couple Loan

By Jason St. Amand | Monday Jan 7, 2013
Bank of America settled a discrimination claim filed by a Florida lesbian couple who were denied a loan because they were an unmarried same-sex couple.

House Divided: Gay Couples With a Mortgage

By David Ellis | Tuesday Apr 3, 2012
A recent decision by a tax court means that legally recognized same-sex couples cannot take separate deductions on mortgage interest, even though the federal government doesn’t recognize their union.

More Americans at Risk of Foreclosure

By DEREK KRAVITZ | Wednesday Aug 24, 2011
The number of Americans at risk of foreclosure is rising, reflecting the U.S. economy’s continued struggles.

Mortgage Rates Hit Low of 4.54 Percent

By J.W. ELPHINSTON | Friday Jul 30, 2010
Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making homebuying and refinancing the most attractive in decades for those who can get loans.

Senate votes to rein in mortgage lenders

By Jim Kuhnhenn | Thursday May 13, 2010
Taking aim at deceptive lending, the Senate on Wednesday voted to ban mortgage brokers and loan officers from getting greater pay for offering higher interest rates on loans, and to require that borrowers prove they can repay their loans.

Freddie Mac: mortgage rates sink to 6-week low

Friday May 7, 2010
Rates for 30-year fixed mortgages have fallen to their lowest level in six weeks, Freddie Mac said Thursday. Read more...

Many LGBT Homeowners Still Underwater

Thursday May 6, 2010
When the warmer weather finally arrives it will usher in the busiest season of the year for marketing and selling real estate, and many LGBT homeowners are eager to list their homes. Despite the fact that the overall real estate market is showing signs of improvement, however, many homeowners are still "underwater" on their loans. Read more...