Mortgage

FHFA rejects proposal for mortgage principal cuts

FHFA comes to a strong conclusion Edward DeMarco, the acting chief of the Federal Housing Finance Agency (FHFA), and most powerful person in housing has...

Homeowners applying to refinance hits three-year high

Mortgage application volume rose this week, as did the portion of applications that were refinances, hitting a three-year high.

Foreclosure rate for homeowners over 50 up fivefold

In studying several years of foreclosure data, the AARP has concluded that borrowers over 50 are at an increased risk of foreclosure.

NAR: prices on homes sold rise, low supply restricts sales

Mortgage rates are low, and prices are rising, but with inventory falling, supply is tightening up, leaving buyers with limited options.

Foreclosures spike in second quarter

After signs of improvement in housing, this new report reminds all that housing is still unstable.

Mortgage rates down, new mortgage applications up

As mortgage interest rates fall, buyers are entering the market, despite difficulties in qualifying. Housing is showing signs of stabilization, but a full recovery is still quite far away.

Widow sues Chase, LPS for fraud and wrongful death

In a heartbreaking story, a widow talks about how her husband changed after being served a wrongful eviction notice.

CoreLogic, FICO launch more predictive mortgage credit score

FICO and CoreLogic say their more predictive mortgage credit score is designed to help lenders safely grow mortgage origination volumes.