mortgages

Jan 29, 2013

US home prices accelerate in November

U.S. home prices accelerated in November compared with a year ago, pushed higher by rising sales and a tighter supply of available homes.

Jan 18, 2013

HSBC to pay $249M to settle foreclosure-abuse case

British bank HSBC will pay $249 million to settle federal complaints that its U.S. division wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

Jan 17, 2013

Fewer US homes repossessed by banks in 2012

Lenders took possession of fewer U.S. homes in 2012 than a year earlier, as the pace of new homes entering the path to foreclosure slowed and banks increasingly opted to allow troubled borrowers to sell their homes for less than what they owed on their mortgage.

Jan 10, 2013

Feds impose regulations to curb risky mortgages

Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out.

Jan 3, 2013

Foreclosure filings decrease in southeast Wis.

The number of mortgage foreclosure filings decreased again in southeastern Wisconsin in 2012.

Dec 13, 2012

Bank repossessions hit 9-month high in November

U.S. home repossessions rose to a nine-month high in November, even as the number of homes starting on the path to foreclosure declined to the lowest level in six years.

Dec 6, 2012

Short sales outpacing sales of bank-owned homes

Sales of U.S. homes facing foreclosure are on the rise and outpacing sales of bank-owned homes, a reflection of stepped up efforts this year by lenders to avoid foreclosing on homes with mortgages gone unpaid.

Nov 19, 2012

5 big banks have cut loan balances by $6.3B

Five of the biggest U.S. banks cut struggling homeowners' mortgage balances by $6.3 billion and provided a total $26.1 billion in relief under a landmark settlement over foreclosure abuses.

Oct 24, 2012

US sues B of A for $1B for mortgage fraud

The top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against Fannie Mae and Freddie Mac during the years around the financial crisis.

Oct 19, 2012

US home sales dip 1.7 percent on tight inventory

U.S. sales of previously occupied homes fell in September after hitting a two-year high in August, in part because there were fewer homes available for sale.

Oct 15, 2012

Housing market making a comeback? Not so fast says Citigroup

Citigroup isn't as enthusiastic as its peers about a comeback in the housing market.

Oct 10, 2012

Fed: Housing lifts growth in most US regions

Stronger housing markets helped boost economic growth at the end of the summer in nearly every region of the United States, according to a Federal Reserve survey released Wednesday.