mortgage

Downey has been racked by the mortgage crisis and federal regulators ordered it to shore up its finances and provide a detailed plan to reduce its assets and strengthen management.

A record 9 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, a report shows.

An industry group says a record 9.2 percent of American homeowners with a mortgage were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis continues to mount.

The mortgage mess that has upended millions of homeowners’ finances is now taking a bigger bite out of the nation’s banking system.

A top official warned of widening loan fraud in 2004, but the agency focused its resources elsewhere.

Wall Street headed for a mixed open Wednesday after troubled mortgage financier Freddie Mac reported a larger-than-expected second-quarter loss.

A single sheet of paper has the real estate industry in an uproar. When a potential home buyer applies for a mortgage, he or she receives "Good Faith Estimate.

It spells out the thousands of dollars in fees the buyer is expected to pay when the deal closes.

National City Corp. will get about $6 billion from private investors in a deal that provides much-needed capital to a Midwestern bank heavily exposed to the worsening mortgage and housing market, according to reports published Sunday.

They took out adjustable-rate mortgages at the peak of the housing bubble to buy homes they would otherwise not be able to afford.

Or they refinanced existing mortgages to take cash out. And now, two or three years later, the day of reckoning is here.

We've talked about this issue a few times here on Consumerist and now the New York Times has gotten into the act with an article about people who've chosen use the new service "You Walk Away" to let the bank take over their mortgages after their homes turned out to be bad investm …