Fewer cash-out refinancing deals on the market's horizon could spell higher fees from banks and more stability for homeowners.
Next week, government regulators crack back into mortgage reforms that could create hurdles for buyers.
Consumers continue to feel duped when shopping for cars and going to the bank, according to the Consumer Federation of America.
Home buyers who paid cash and are reeling from buyer’s remorse can now turn to delayed financing, thanks to an all-important rule lifted by Fannie Mae.
Wells Fargo & Co. has agreed to pay $85 million to settle civil charges that it falsified loan documents and pushed borrowers toward subprime mortgages with higher interest rates during the housing boom.
Lawmakers and enforcement agencies called for hearings and further investigation Tuesday after learning that the illegal practice known as robo-signing has continued in the mortgage industry.
Mortgage industry employees are still signing documents they haven't read and using fake signatures more than eight months after big banks and mortgage companies promised to stop the illegal practices that led to a nationwide halt of home foreclosures.
When the death knell sounded for the Fed’s QE2, it marked the rise of mortgage rates across the board. Should homebuyers sound the alarm on higher prices?
Avoid these blunders when applying for your next mortgage.
Even as troubled borrowers increasingly manage to pry modification deals from reluctant banks, they're finding that problems persist long after the ink dries on their new loan contracts.
