mortgage

About one million homeowners facing foreclosure could have their mortgage burden cut by about $20,000 each as part of a long-awaited deal.

Planned cuts in the size of a mortgage that can be backed by the federal government may hurt upscale housing markets in high-cost states like New York and California.

Bank of America reported profit of $2 billion compared with $3.2 billion last year, as the nation's biggest bank continued to battle the legacies of the mortgage crisis.

Regulators cannot agree on how much to punish banks as well as exactly who should benefit from a settlement.

A substantial modification of their mortgage helped Amy and Robert Ahleman keep their home. But while their story is uplifting, it’s hardly the norm for the system.

Courts are expected to be flooded with cases as homeowners fight lenders trying to foreclose without proper mortgage records.

Profit rose but revenue fell as the banking giant said that losses on its mortgage and credit card units were starting to ease.

Angelo R. Mozilo, Countrywide Financial’s chief executive, was publicly buoyant about its ability to ride out the mortgage crisis.

Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.

Rates of all sorts — mortgage, Treasury, certificates of deposit — are being driven lower, and not by the Fed.