May 9th 2013 1:06PM
By Martin Crutsinger WASHINGTON -- Some 96,000 borrowers who received checks to compensate them for wrongful foreclosures on their mortgages will be getting an additional check to correct for errors in the initial payment, the Federal Reserve announced Wednesday. The Fed said the affected borrowers received initial... Continue Reading »
Oct 3rd 2012 5:30PM
Applications for U.S. home mortgages surged last week as demand for refinancing rose to the highest level in more than three years, driven by a drop in interest rates to yet another record low, data from an industry group showed on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage... Continue Reading »
Jul 19th 2012 11:30AM
By Christopher S. Rugaber WASHINGTON -- Americans bought fewer homes in June than May, indicating the weak economy could make a modest housing recovery choppy. The National Association of Realtors said Thursday that sales of previously occupied homes fell 5.4 percent in June to a seasonally adjusted annual rate of 4.37... Continue Reading »
May 24th 2012 11:50AM
Marking the latest attempt to boost participation in a somewhat neglected foreclosure review program, the Federal Reserve recently released a video that explains the program. Announced during settlement negotiations between the government and mortgage servicers over foreclosure abuses, the Office of the Comptroller of... Continue Reading »
Feb 16th 2012 12:00PM
Borrowers who think banks improperly foreclosed on them between 2009 and 2010 now have more time to request an independent review that could compensate them. The Office of the Comptroller of the Currency and the Federal Reserve announced Wednesday that they are extending the deadline for qualified borrowers to ask for an... Continue Reading »
