By The Associated Press
Published: May 14,2012
Regulators might ban origination fees that vary with the size of the loan, known as “origination points.” They also might limit the use of “discount points” that are supposed to result in lower interest rates, the Consumer Financial Protection Bureau said.
By The Associated Press
Published: May 11,2012
U.S. mortgage giant Fannie Mae made money in the first three months of the year and is not seeking additional federal aid. It’s the first time the company has reported a net income gain since it was taken over by the government during the 2008 financial crisis. Fannie on Wednesday reported that it earned net income attributable [...]
By The Associated Press
Published: April 26,2012
Homebuilder D.R. Horton is ending its practice of assigning to a subsidiary the drilling rights beneath homes it sells in North Carolina as interest in natural gas deposits is taking off.
By The Associated Press
Published: March 26,2012
Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners.
By The Associated Press
Published: March 19,2012
Foreclosure activity surged last month across about half of the nation's states, as banks tackled a backlog of homes with mortgages that had gone unpaid yet remained in limbo thanks to delays stemming from foreclosure-abuse claims.
By The Associated Press
Published: March 19,2012
The average rate in the U.S. on the 30-year fixed mortgage hovered near historic lows last week, making homebuying and refinancing more attractive to those who can qualify.
By The Associated Press
Published: March 15,2012
The government filed in federal court Monday a $25 billion settlement with the five largest mortgage lenders, putting an official stamp on the landmark agreement over alleged foreclosure abuses.
By The Associated Press
Published: March 14,2012
South Carolina House Republicans want to give about $25 million from a nationwide mortgage settlement to the Commerce agency to help lure companies to the state, while Democrats contend that money is meant to help people facing foreclosure stay in their homes.
By The Associated Press
Published: March 12,2012
Government-controlled mortgage giant Freddie Mac has requested just $146 million in additional aid after posting a smaller loss in the fourth quarter of last year.
By The Associated Press
Published: March 1,2012
Home prices fell in December for a fourth straight month in most major U.S. cities, as modest sales gains in the depressed housing market have yet to lift prices.
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