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Follow our news on Twitter and Facebook. Updated for: Friday 5-18-2012
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Berkshire tried to buy mortgage unit |
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Billionaire Warren Buffett sought to purchase Residential Capital from Ally Financial Inc. before the government-controlled Ally put the home lender in bankruptcy, three people familiar with the matter said. |
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2. |
What mortgage rate will you really get? |
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Sure, interest rates are at record lows. But your credit score and the amount you bring to the table affect how much you'll pay for the loan. |
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3. |
Needy States Use Housing Aid Cash to Plug Budgets |
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Hundreds of millions of dollars meant to provide a little relief to the nation’s struggling homeowners is being diverted to plug state budget gaps. |
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4. |
Principal Reductions Won’t Solve U.S. Mortgage Mess |
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Edward DeMarco, the temporary director of the Federal Housing Finance Agency, continues to endure blistering criticism for refusing to allow Fannie Mae and Freddie Mac to pay for large-scale principal reductions for underwater borrowers (those who owe more than their homes are worth) or to facilitate refinancings for those stuck with high interest rate mortgages. |
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5. |
'Forced place insurance' gouging threatens to kick homeowners to the curb |
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State hears claims that banks are jacking up mortgage payments with possibly unwarranted insurance payments |
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6. |
Va panel hears mortgage exec's appeal |
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A former mortgage company chief executive convicted of orchestrating a nearly $3 billion fraud scheme is asking a federal appeals panel to reverse his conviction and send the case back for a retrial. |
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7. |
Mortgage Money Misspent |
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California Governor Jerry Brown has a secret weapon in his fight to close his state's $16 billion budget gap. |
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8. |
Foreclosures Plunge to Five-Year Low in U.S. Recovery: Mortgages |
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Foreclosure filings in the U.S. fell to a five-year low last month as lenders sought to avoid seizing property and a housing recovery showed signs of taking hold. |
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9. |
Reverse Mortgages: Monthly Checks Instead of Bills. Really? |
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It sounds almost too good to be true, and for some people it might be. |
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10. |
Federal regulator questions Calif. mortgage bills |
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The federal government's main regulator of home loans is objecting to mortgage-related bills in California and says they could end up increasing lending costs and harming the housing market. |
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