Supreme Court: Home buyers can write letter to back out of mortgage for lending violations
A unanimous Supreme Court says home buyers don't need to file a lawsuit, but may simply write a letter if they want to back out of a mortgage because they claim their lender violated the federal Truth in Lending Act.
US consumer borrowing rises by $14.1 billion in November despite drop in credit card borrowing
U.S. consumers increased their borrowing in November, as stronger demand for auto and student loans offset a drop in credit card debt.
Obama to tout housing initiative in Arizona, symbol of nation's real estate crisis, recovery
President Barack Obama is returning to Arizona to promote home ownership in a state that has served as a symbol of the nation's real estate crisis and recovery.
Obama to reduce FHA mortgage premium rate for first-time buyers; goal is to boost home buying
First-time homebuyers whose home loans are guaranteed by the Federal Housing Administration would benefit from an Obama administration move to lower mortgage insurance premiums.
Average US 30-year mortgage rates rise slightly to 3.87 percent, still near 19-month low
Average U.S. mortgage rates rose slightly this week, but the benchmark 30-year rate stayed near a 19-month low.
Average US 30-year mortgage rate edges up to 3.83 percent, near 19-month low
Average U.S. mortgage rates rose slightly this week but the benchmark 30-year low remained very close to the 19-month low hit last week.
NY Requires Ocwen Reforms, $150M Homeowner Help
New York financial regulators have reached a settlement with Ocwen Financial Corp. requiring the nation's largest subprime mortgage servicer to reform its practices and provide $150 million to help struggling New York homeowners.
Average US mortgage rates this week and for the past year, at a glance
Average U.S. long-term mortgage rates fell this week, with the benchmark 30-year loan rate reaching a new low for the year.
Why Areas With Good Jobs Have Hard-to-Afford Homes
It's the new career trade-off: Around the country, areas with the strongest job markets increasingly have some of the costliest homes.
U.S. Consumer Debt Rises $13.2B in October
U.S. consumers increased their borrowing in October but at a slightly slower pace than in the previous month as credit card use slowed.
Average US mortgage rates this week and for the past year, at a glance
Average U.S. long-term mortgage rate declined slightly this week, with the benchmark 30-year loan remaining below 4 percent.
U.S. 30-Year Mortgage Rates Drop
Average U.S. long-term mortgage rates continued to tick down this week, remaining close to yearlong lows.
Supreme Court to Consider When Second Mortgage Can Be Void
The Supreme Court will decide whether homeowners who declare bankruptcy can void a second mortgage if the home's market value has dropped below the amount they owe on their first mortgage.
Average U.S. 30-Year Loan Rate Slips to 4.01%
Average U.S. long-term mortgage rates edged lower this week, approaching their lows for the year.
US Average Rate on 30-Year Home Loans at 4.01%
Average U.S. mortgage rates edged lower this week, with the benchmark 30-year loan hovering near 4 percent.
Average U.S. 30-Year Loan Rate Up to 4.02%
Average U.S. long-term mortgage rates rose this week, with the benchmark 30-year loan crawling back over 4 percent.
Average Rates on 30-Year Home Loans
Average U.S. mortgage rates rose this week, with the benchmark 30-year loan crawling back over 4 percent.
Sales of new US homes likely slid in September
The Commerce Department reports on sales of new homes in September.
Average US mortgage rates this week and for the past year, at a glance
Average U.S. mortgage rates fell this week, with the 30-year loan at its lowest level since June 2013.
Financial market turmoil creates a tempting opportunity for mortgage refinancers
A sudden plunge in mortgage rates this week raised an urgent question for millions of Americans: Should I refinance my mortgage? Across the country, homeowners and would-be homeowners eager for a bargain rate fired off inquiries to lenders.



