Home sales in Maine are bucking national and regional trends, as the number of existing single-family homes jumped by more than 6 percent in September when compared to the year-ago month.
Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments.
The nation's largest servicer of subprime mortgages has engaged in abuses that could potentially harm "hundreds of thousands of borrowers," according to the New York Superintendent of Financial...
New U.S. rules aimed at getting banks to take on more of the risk when they package and sell mortgage securities are being relaxed with an eye to spurring broader home lending.
The National Association of Realtors reports on sales of existing homes in September.