It may not signify a sustained turnaround for the housing market, but existing home sales continued an uptrend in December and total inventory at the end of 2011 dropped 9.2 percent to 2.38 million – its lowest ...

The 30-year fixed rate mortgage slipped another basis point to set yet another record low at 3.88 percent this week, marking the seventh consecutive week below 4 percent, according to Freddie Mac. With record or ...

Adjustable-rate mortgages made up 40 percent of new home purchases in the housing bubble buildup – before the dream of home-ownership burst. Now, ARMs are staging a slow comeback since hitting its market share ...

A national measure of consumer credit defaults – when borrowers stop paying back loans – recorded increases in most loan types for December, and a fourth straight month in first mortgage defaults. Bank card ...

Propelled by its mortgage business – the biggest in the U.S. – Wells Fargo & Co. reported a record 20 percent jump in fourth-quarter profit, exceeding Wall Street expectations. Through its core consumer ...

The nation’s new consumer watchdog is preparing to supervise “nonbanks” as part of its mandate to protect Americans from deceptive or abusive lending practices. This month, with President Obama’s appointment ...

Lenders are already adding an increase in fees on mortgages backed by Fannie Mae, Freddie Mac and the Federal Housing Administration to new loans – a hike that will pay for the extension of the payroll tax cut. The ...

The long anticipated recovery in home prices will have to wait another year as the housing market weighed down by foreclosures finds a bottom in 2012, according to a Reuters poll of 23 economists and analysts. The ...

Fixed and adjustable mortgage rates slipped to all-time record lows for the past seven days, with the average for the 30-year loan marking the sixth consecutive week below 4 percent. The 30-year-fixed averaged 3.89 ...

Americans surveyed said that they expect rental prices to increase in 2012 more than home prices, which will mostly remain stagnant, according to a survey by Fannie Mae. On average, U.S. consumers expect home prices ...