Good news today for folks who can afford to borrow a half-million or more to buy a house: J.P. Morgan is the latest bank to ease its lending standards for jumbo mortgage.
The rollout of easier-to-use mortgage documents has been delayed three months.
Bankers will get a grace period from enforcement of a mortgage regulation that goes into effect Aug. 1.
The mortgage industry is having trouble meeting a deadline that it knew about for 20 months. So its lobbyists are asking for a penalty-free extension lasting for five months.
Find out what Labor Secretary Thomas Perez says are the biggest challenges lying ahead for employment.
With the economy growing by 295,000 jobs in February, it looks like rising mortgage rates are here to stay.
Higher mortgage rates are coming, maybe soon. That’s what the January employment report implies.
When 65 percent of homeowners say they are “very confident” that they know their mortgage rate, most of them are overconfident.
The homeownership rate fell to its lowest point in more than 20 years in the final quarter of 2014.
According to the Supreme Court, you can rescind, or cancel, the mortgage any time within three years. All you have to do is send a letter to the lender.