Home Mortgage

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?