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Tag Archives: homeowners

Late mortgage payments up in 3Q, 1st rise in years

NEW YORK — While lawmakers in Washington debated the debt ceiling and consumer confidence dropped, more homeowners in the U.S. were having a harder time making their mortgage payments. The rate that mortgage holders were late with their payments by ...

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Survey: Home prices up in half of major U.S. cities

WASHINGTON— Home prices rose in August in half of major cities measured by a private survey, a sign that prices are stabilizing in some hard-hit portions of the country. The Standard & Poor’s/Case-Shiller index showed Tuesday that prices increased in ...

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Obama offers mortgage relief on Western trip

President Barack Obama is offering mortgage relief to struggling homeowners in hard-hit Nevada and around the country — saying he can’t wait for an “increasingly dysfunctional Congress” to act. The president said Monday that “where they won’t act, I will.” ...

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Rate on 30-year mortgage falls to record 4.09 pct.

WASHINGTON — Fixed mortgage rates fell to the lowest level in six decades for the second straight week. But few Americans can take advantage of the historically low rates. Freddie Mac said Thursday that the average rate on the 30-year ...

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Mortgage default warnings surged in August

LOS ANGELES — Banks have stepped up their actions against homeowners who have fallen behind on their mortgage payments, setting the stage for a fresh wave of foreclosures. The number of U.S. homes that received an initial default notice — ...

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More Americans at risk of foreclosure in Q2

WASHINGTON — The number of Americans at risk of foreclosure is rising, reflecting the U.S. economy’s continued struggles. The Mortgage Bankers Association says 8.44 percent of homeowners missed at least one mortgage payment in the April-June quarter. That figure, which ...

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