Mortgage Companies News
US home sales shoot up to 10-year high
US home sales jumped 4.4 percent in March to highest rate since February 2007
Average mortgage rate drops to 5-month low
The average U.S. mortgage rate fell below a key threshold of 4 percent this week, its lowest level in five months. Mortgage buyer Freddie Mac said Thursday that the average interest rate on 30-year fixed-rate home loans declined to 3.97 percent this week from 4.08 percent last week. Interest rates
Major changes coming to how your credit score is calculated
The math behind your credit score is getting an overhaul, with changes that may alter the behavior of both cautious spenders and riskier borrowers
Average 30-year mortgage rate falls to 2017 low of 4.08 pct
Long-term U.S. mortgage rates fell for a fourth straight week, with the benchmark 30-year rate marking a new low for the year
Steve Mnuchin's Controversial History With the Foreclosure Crisis
Critics are gearing up for a confirmation fight today over Steven Mnuchin -- Donald Trump ’s pick for treasury secretary -- who previously ran a bank that has faced criticism over its foreclosure record. Mnuchin, a Goldman Sachs veteran and former Hollywood producer, and a group of investors bought
How Fed Rate Hikes Will Impact Borrowers Next Year
The Federal Reserve raised interest rates on Dec. 14 for only the second time in a decade. You probably saw some headlines about mortgage rates or credit card costs and then went back to furious holiday preparation or clicked on another story about Donald Trump . After all, what’s a quarter point?
Democrats Sends Letter to Bankers Slamming Trump Picking Steve Bannon for Top Job
Top Democrats sent a letter Wednesday to banking industry leaders encouraging them to condemn and speak out against Donald Trump ’s decision to name former conservative news leader Steve Bannon the administration's chief strategist. “As leaders in the business community, you have a moral obligation
'Step Right Up': Hot Dogs and Hot Topics, Voters Spin the Wheel at Frank's
ABC News' Gary Westphalen and MaryAlice Parks talk with voters in the battleground election state of Ohio.
5 Questions to Ask Before Refinancing Your Mortgage
The mortgage checks most homeowners write every month serve as a regular reminder for them to look into potentially refinancing their mortgages at a lower rate. If that’s not enough of a reminder, the mortgage industry is one of the biggest advertisers around, pushing the supposed ease of
Woman's Money Disappears After Citibank Sign-Up Snafu
Dear ABC News Fixer: In June, I set up online bill-paying with Citibank to pay my mortgage. After I entered in the information, the system came up with an address for the servicer of my loan. I chose them as the payee, and proceeded to make a payment of $1,578.33. The payment cleared on June 13.