May 9th 2012 11:30AM
LOS ANGELES -- Homeowners with a Bank of America mortgage have good reason to check their mailbox. The lender said Tuesday that it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged foreclosure abuses. The Charlotte, N.C.,-based... Continue Reading »
May 7th 2012 1:30PM
By Credit.com The rate at which consumers are behind on their mortgage payments by 30 days or more slipped in March to the lowest levels seen in more than three years. The total value of all mortgage payments that were at least 30 days delinquent slipped to less than $500 billion in March, a level not seen since January... Continue Reading »
Jun 9th 2011 12:04PM
The housing inventory is flush with choices. Interest rates are at record lows. And you're ready to buy a house. There is likely just one thing standing between you and home ownership: Getting a lender to approve your mortgage. Here are eight ways not to sabotage your plans. 1. Don't quit your job or decide to become... Continue Reading »
Jun 8th 2011 3:10PM
When Dr. Alexis Roettinger returned last year to Newport, R.I., she knew it was worth it to buy a house. After completing her medical residency in Buffalo, N.Y., she had landed a new job at the local hospital in the seaside city where she grew up. Roettinger, 35, knew she'd be staying a while. To save money for a down... Continue Reading »
Apr 15th 2011 8:30AM
Will homeowners see a penny of the reimbursements that the government has ordered 16 mortgage lenders to pay? Not likely, foreclosure victims and housing activists say. Under a settlement between regulators and banks announced on Wednesday, an independent review will be conducted of all foreclosures that took place in... Continue Reading »
