‘Zombie debt’: Homeowners face foreclosure on old mortgages
A wave of homeowners say they were blindsided by "zombie debt," or the start of foreclosure actions on their homes over second loans that were taken out more than a decade ago.
Average long-term mortgage rates up another quarter point
Average long-term U.S. mortgage rates reached their highest level in more than two decades this week and are likely to climb further.
Long-term mortgage rates now at highest point since 2008
Average long-term U.S. mortgage rates jumped again this week, hitting the highest levels in almost 14 years.
As housing market cools, homebuyers regain leverage
Years of soaring home prices and sharply higher mortgage rates remain hurdles for many would-be homebuyers, but new data shows that they're regaining some leverage.
Home sales fall in June as prices reach new heights
Sales of previously occupied U.S. homes slowed for the fifth consecutive month in June.
Average mortgage rates jump by most in 35 years
Average long-term U.S. mortgage rates made their biggest one-week jump in 35 years, one day after the Federal Reserve raised its key rate by three-quarters of a point.
Mortgage rates jump again, buyers head to the sideline
Average long-term U.S. mortgage rates jumped back up ahead of next week's Federal Reserve meeting where it's expected to announce another big increase to its main borrowing rate.
Long-term mortgage rates edge down for first time in 2 months
The average long-term U.S. mortgage rate edged down for the first time in two months.
Higher mortgage rates set stage for lower home sales
Low mortgage rates have helped juice the housing market over the past decade, but a run-up in rates in recent weeks is threatening to undo that dynamic.
Big bank profits decline as deal-making, mortgages slow
Four big banks reported noticeable declines in their first-quarter profits Thursday, as the volatile markets and war in Ukraine caused deal-making to dry up.
4th Circuit rules for Md. borrower in credit-reporting case
A mortgage lender must stop sending overdue-payment information to credit agencies once the debtor notifies the lender in writing why he or she believes the reported debt is not overdue, a federal appeals court ruled Tuesday in a case brought by a Temple Hills homeowner. The federal Real Estate Settlement Procedures Act and a related […]
4th Circuit rules for borrowers in Md. mortgage ‘convenience fee’ case
A servicer of mortgage payments violated Maryland and federal law by charging borrowers a monthly $5 “convenience fee” for payments made online or by telephone rather than by check when this charge was not mentioned in their mortgage documents, a federal appeals court ruled Wednesday. Carrington Mortgage Services LLC’s disclosure of the charge to consumers […]