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Investors believed that their investments were secured by real estate and promised 40% annual returns.
August 23 -
For lenders it is a new era in which rates have risen and purchase mortgages have made a bit of a comeback.
August 23 -
New home sales plummeted 13% in July as the jump in mortgage rates and a limited supply of newly completed homes took a bite out of sales.
August 23 -
Gone is the day when homeowners had to physically visit the bank or title company office to sign loan documents in front of a notary.
August 23
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Altisource Portfolio Solutions has entered into a definitive agreement to acquire real estate and mortgage software services provider Equator.
August 22 -
A poster is curious why someone with a 700 FICO and 70% loan-to-value pays the same monthly mortgage insurance premium as a person with a 640 FICO and 90% LTV.
August 22 -
A panel including former bank regulator Sheila Bair cautioned that the Federal Reserve must take a clear and steady direction out of its "experimental" monetary policies so as not to further harm the economy.
August 22 -
A Florida title agent and former mortgage broker has been sentenced for her role in a reverse mortgage loan fraud scheme.
August 22 -
Fixed mortgage rates resumed an upward trajectory in Freddie Macs most recent weekly survey, with the average 30-year rate rising 18 basis points to 4.58% and the average 15-year rate rising 16 basis points to 3.6%.
August 22 -
Home prices rose 0.7% in June, according to a house price index based on Fannie Mae and Freddie Mac purchase mortgage transactions.
August 22




