Colorado mortgage rates are dropping closer to the 5 percent level this week, according to Zillow Mortgage Marketplace. Average rates for 30-year fixed mortgages in the state reached 5.18 percent Wednesday, down from last week’s average rate of 5.26 …
Outlook Wondering where the next financial services scandal might come from? Look no further than the equity release market, where the consumer group Which? is reporting that standards of advice are not good enough. This specialised niche of the …
WASHINGTON — Federal Reserve governors Thursday unanimously proposed tough new consumer-friendly disclosure rules for mortgages and home equity loans, tackling one of the less-appreciated causes of the nation’s deep financial crisis. After 18 months …
Low interest rates meant Central Illinois banks saw an uptick in home mortgage refinancing during the first half of the year. At Busey Bank, refinancing increased nearly three-fold from the same period in 2008. (The Pantagraph/DAVID PROEBER …
Rates for 30-year mortgages have edged up after falling for three-consecutive weeks. The average rate for a 30-year fixed mortgage this week was 5.2 percent, up from 5.14 percent a week earlier, mortgage company Freddie Mac said Thursday. Rates on 30 …
DAYTON, Ohio — Dante Herring knows what it is like to face foreclosure. His home was on the list for Sheriff’s sale four times. But each time, Herring managed to delay the sale until something could be worked out. With his two children playing in …
Today the Federal Reserve Board (FRB) issued proposed rules that hold great promise for eliminating abusive and unfair practices that have become commonplace in the mortgage industry. If fully implemented, these rules could remove perverse incentives …
CLEVELAND — From 2000 to 2006, about 1 million homebuyers relied on subprime loans to buy their first home, and the majority of those loans should never have been made, a researcher at the Federal Reserve Bank of Cleveland says. In a just-released …
Almost one in ten home sales falls through because buyers cannot obtain finance, a survey of members of the Royal Institution of Chartered Surveyors (RICS) carried out for The Times has found. The conclusion calls into question the effectiveness of …
Today the Federal Reserve Board (FRB) issued proposed rules that hold great promise for eliminating abusive and unfair practices that have become commonplace in the mortgage industry. If fully implemented, these rules could remove perverse incentives …
