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Mortgage Terms News

LendingTree Monthly Mortgage Review: High Affordability and Record-Low Rates, but True Recovery Still Pending

CHARLOTTE, N.C., Feb. 2, 2012 /PRNewswire/ -- Despite historic lows, LendingTree says that lending institutions continue to hamper housing market growth by restricting access to credit.(Logo: http://photos.prnewswire.com/prnh/20110518/MM04455LOGO ...

Exclusive: Mortgage deal would give states enforcement clout

(Reuters) - A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday. Under the settlement, which states are currently reviewing to decide whether they will join, the states and a separate "monitoring committee" will have the authority to go to ...

Mortgage lenders offers states new terms for draft settlement over mass foreclosures

The nation's five largest mortgage lenders have offered a draft settlement to pay out as much as $25 billion to cover new terms for homeowners driven out by foreclosure, but government officials said Monday the states won't be able to close the deal before President Obama's State of the Union address on Tuesday. 

Mortgage rates hit another new low

Just one day after President Obama detailed a proposal to enable millions of homeowners to refinance to record-low mortgage rates, those rates notched another record.

Mortgage rates hit a record low

Mortgage rates hit a record low