Mortgages Blog

Thursday, February 16, 2012 1:46 pm
By MikeCox · Bankrate.com

Did you know February is National Weddings Month? In honor of this occasion, I thought it would be a good idea to talk about how all that wedding cash can be used for the best gift: a home of your own. The good news is you can use all that money your friends and family

» Read more
Wednesday, February 15, 2012 5:06 pm
By Polyana da Costa · Bankrate.com

Members of the military who were victims of wrongful foreclosures will receive substantial compensation from their mortgage servicers. The U.S. Department of Justice has reached an agreement with four large lenders — JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial — to provide “any service member who was a victim of a wrongful foreclosure a

» Read more
Tuesday, February 14, 2012 8:35 am
By Polyana da Costa · Bankrate.com

If you plan to get an FHA mortgage or want to refinance with an FHA loan, act quickly. A few weeks ago, I told you that mortgages insured by the Federal Housing Administration would get more expensive this year because of recently approved legislation that calls for an increase on FHA’s mortgage insurance premium. At

» Read more
Monday, February 13, 2012 5:24 pm
By Judy Martel · Bankrate.com

From the strange-but-true files: Struggling homeowners can find mortgage relief by allowing their home to be turned into a giant billboard. Apparently, 38,000 people are desperate or creative enough to submit their homes as potential advertisements to the marketing company behind this idea, Brainiacs from Mars. The founder of the company, Romeo Mendoza, told Reuters

» Read more
Monday, February 13, 2012 10:00 am
By Jay MacDonald · Bankrate.com

The $25 billion federal-state legal settlement with five of the nation’s largest banks over improper foreclosure, messed-up mortgage modifications, robosigning shenanigans and other abuses drew mixed responses from industry groups, economists and consumer advocates. Does the deal put an end to lenders behaving badly or merely let them off the hook with a slap on

» Read more
Friday, February 10, 2012 2:29 pm
By Polyana da Costa · Bankrate.com

Since the $25 billion mortgage settlement with five of the nation’s largest banks was announced, borrowers across the nation wonder if or when they will benefit from it. “This historic settlement will provide immediate relief to homeowners, forcing banks to reduce the principal balance on many loans, refinance loans for underwater borrowers, and pay billions

» Read more
Wednesday, February 8, 2012 5:04 pm
By Judy Martel · Bankrate.com

Consumer confidence in the economy is rising slightly and so are predictions about home prices. Mortgage company Fannie Mae reports that its January survey showed 30 percent of respondents believe the economy is on the right track, up from 22 percent in December. Respondents also predicted home prices will increase by 1 percent over the

» Read more
Tags: No Tags Assigned
Monday, February 6, 2012 4:58 pm
By Judy Martel · Bankrate.com

Is President Barack Obama’s latest plan to allow millions more struggling homeowners to refinance their mortgages actually further stalling a housing market recovery? Critics of the proposal, announced last week, say the chief drawback is that it’s setting up a delay in foreclosures, which, in turn, prevents home prices from hitting bottom. Republicans, who believe

» Read more
Friday, February 3, 2012 10:08 am
By Polyana da Costa · Bankrate.com

The economy added 243,000 jobs in January. That’s the biggest gain since April and more than analysts had expected. The unemployment rate also fell slightly to 8.3 percent. Great news! But not good enough to cheer up the 12.8 million people who remain out of work. An additional 11 million are working part-time jobs because

» Read more
Thursday, February 2, 2012 3:09 pm
By Polyana da Costa · Bankrate.com

Banks can’t say no to borrowers who want to refinance their mortgages. In short, that’s what Shaun Donovan, secretary of the Department of Housing and Urban Development, said when asked by a reporter if he believed lenders were going to embrace the Federal Housing Administration refinance plan that President Barack Obama proposed Wednesday. The program

» Read more
Page 46 of 85« First...102030...4445464748...607080...Last »