| Feb 24, 2014
| 8:29 AM
Just 10 days before Christmas 2009, Ganel Appolon found an envelope taped to his front door. He and his family were being evicted from their Tamarac home.
Appolon had fallen behind on his mortgage payments, and the lender repossessed the property...
| Mar 11, 2014
| 10:48 AM
WASHINGTON -- Congressional efforts to shut down bailed-out Fannie Mae and Freddie Mac took a significant step forward Tuesday as key senators announced bipartisan agreement on a plan to overhaul the housing finance system.
The proposal, which will be...
| Mar 20, 2014
| 8:05 AM
Average mortgage interest rates eased slightly this week, but may begin to move higher again next week, Freddie Mac said Thursday.
The average rate on a 30-year, fixed-rate mortgage was 4.32 percent this week, compared with 4.37 percent last week and 3....
| Mar 26, 2014
| 6:14 PM
Putting to rest one of its biggest remaining headaches, Bank of America Corp. has agreed to pay $9.5 billion to settle claims by Fannie Mae and Freddie Mac.
The government-sponsored mortgage finance giants had demanded compensation from the Charlotte,...
| Mar 30, 2014
| 5:00 AM
WASHINGTON — Can you be charged interest on your mortgage even after you've fully paid it off? Can the meter keep running when you owe the bank nothing — your principal balance is zero?
Surprise! Much to the chagrin of large numbers of...
| Mar 21, 2014
| 6:09 AM
WASHINGTON -- Fitch Ratings on Friday upgraded its outlook for the U.S. AAA credit rating, removing the nation from a downgrade watch after politicians put off another debt limit battle until next year.
The company, one of three major credit rating...
| Apr 2, 2014
| 10:52 AM
Five percent of Fannie Mae and Freddie Mac-backed single-family mortgages in Illinois, or 68,000 loans, were delinquent at the end of 2013, a sizable decline from last year but still higher than the national average.
One-third of those past-due home...
| Apr 11, 2014
| 6:34 AM
Weakness in the mortgage and bond-trading businesses socked JPMorgan Chase & Co. with disappointing first-quarter earnings, a signal that the start of this year was a tough time for the banking industry.
JPMorgan, the nation's largest bank, is trying to...
| Mar 27, 2014
| 8:26 AM
Fixed mortgage rates rose early this week, with Freddie Mac’s survey showing lenders offering 30-year loans to solid borrowers at an average of 4.4%, up from 4.32% in the previous week.
The average rate for a 15-year fixed loan rose from 3.32%...
| Feb 13, 2014
| 8:07 AM
A five-week decline in fixed mortgage rates has ended, with Freddie Mac’s survey showing the 30-year home loan averaged 4.28% early this week, up from 4.23% a week ago.
The 15-year fixed-rate mortgage was unchanged at an average of 3.33%,...
| Mar 20, 2014
| 8:30 AM
Fixed mortgage rates fell early this week, with Freddie Mac reporting the average for 30-year loans dropped to 4.32% from 4.37% last week.
The McLean, Va., housing finance company said lenders were offering 15-year fixed home loans, a popular option for...
| Jan 30, 2014
| 9:43 AM
Fixed mortgage rates fell for the fourth week in a row following the release of weaker housing data, according to Freddie Mac, which said lenders were offering 30-year fixed home loans to solid borrowers this week at an average of 4.32%.
The Freddie Mac...