Home Mortgage

A CEO Whose Passion Transcends Career

Zillow's Spencer Rascoff believes there’s more to life than work. He left two careers on Wall Street for one full of passion for entrepreneurship.

Here Lies Bank of America, Ex-Employees Allege

Several former Bank of America employees filed declarations in a federal court last week claiming the mortgage lender told them to lie to customers seeking loan modifications. The bank fired back, essentially calling them the liars.

Barclays, Wachovia to Pay $378M to Settle U.S. Mortgage Claims

British bank Barclays Plc and U.S. bank Wachovia, now part of Wells Fargo & Co , will pay a combined $378 million to resolve claims over toxic mortgage-backed securities sold to now-failed credit unions, a U.S. credit union regulator said on Monday.

Deja Vu for Lax Lending Standards?

The fear now is that once the Fed bumps interest rates higher and mortgage rates follow suit banks will lower their lending standards to offset the higher costs of borrowing and attract customers.

BofA Inks $1.65B Mortgage Settlement with MBIA

BofA will pay MBIA $1.6 billion to to settle a long legal battle over mortgage putbacks. As part of the agreement the banking giant will also glean the ability to buy 4.9% of MBIA. 

Homebuilder Stocks Take Hit

All is not well in the land of homebuilders. The National Association of Realtors® pending home sales index fell 2.3% to a seasonally adjusted reading of 106.8 in September, down from 109.3 in August.

Real Estate Agent vs. For Sale by Owner

With the recent appreciation in home prices, this spring might be a good time to sell your home. But which is the smarter way to do it, hire a real estate agent or list it yourself?