Home Mortgage

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 Services.

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.

Average U.S. mortgage rates tumbled this week, with the 30-year loan hitting its lowest level since June 2013 as Treasury bond yields marked new lows.

Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its low for the year.

Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.

Wisconsin's sluggish recovery from the Great Recession was reflected Thursday in new figures that show growth in consumer spending has lagged behind neighboring states and the nation as a whole.

New York's top financial regulator is investigating whether the nation's largest overseer of troubled mortgages, Ocwen Financial Corp., is overcharging struggling homeowners on insurance.

___ US airfares on the rise, outpacing inflation NEW YORK (AP) — The average roundtrip ticket within the U.S., including taxes, reached $509.15 in the first six months of this year, up nearly $14 from the same period last year.

One of the country's largest overseers of troubled home loans, Nationstar Mortgage Holdings Inc., is quietly trying to sell a $100 million insurance agency that doesn't appear to exist.

Companies overseeing millions of mortgage loans appear to be skirting new federal regulations and legal settlements intended to stop them profiteering at the expense of troubled homeowners.

Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.

Boosted by rising home prices, government-run Fannie Mae and Freddie Mac posted combined third-quarter profits of nearly $40 billion.

The presidential hopeful initially asked $35 million but reportedly settled for $21 million.

During the holidays, seasonal decorations are a common sight on shingles and lawns across the country. The standard trimmings of lights and inflatable Santas make for a cheery atmosphere, but what do you do when you are kept up at night by a sea of light, blaring music or a flood of awe-struck onlookers?

Homes in liberal states have appreciated more since 2012, but that's because they crashed harder during the recession.

The regulator for U.S. housing finance giants Fannie Mae and Freddie Mac said on Friday it wants the two firms to provide more support to low-income Americans taking out mortgages and refinancing their loans.

Fannie Mae will soon send the U.S. Treasury $7.2 billion, a dividend that makes taxpayers whole for the 2008 bailout of the mortgage-finance giant and its sibling company Freddie Mac.

A New York regulator has indefinitely postponed Ocwen Financial's $2.7 billion acquisition of mortgage-servicing rights from Wells Fargo.

National City Bank, which is owned by PNC, agreed to pay $35 million to settle charges of discriminatory lending practices against minorities.

As the housing market continues to improve, struggling homeowners will get more time to take advantage of a federal consumer-mortgage initiative.