mortgages

Home prices have resumed their decline, raising the odds that more borrowers will choose to walk away from their mortgages, even if they can afford the payments.

The Justice Department is investigating whether Standard & Poor’s rated mortgage securities improperly leading up to the financial crisis.

As part of its $8.5 billion settlement with investors, Bank of America will turn over the work on tens of thousands of troubled mortgages to smaller servicers.

British banks on Monday gave up the fight against compensating customers who were missold payment protection insurance on mortgages and other loans, and now face a compensation bill estimated at 4.5 billion pounds ($7.4 billion).

The frugal are qualifying for refinanced mortgages at interest rates that in any other recent era would have been considered stealing.

Two years after the Fed bought billions of dollars in mortgage securities as part of the financial bailout, it is pressing banks to buy some of them back.

One of the most frightening titles you can own right now is “homeowner.” That’s because millions of us have completely lost the equity in our homes, which means we are in the unenviable position of owing more than the home is actually worth.

Nobody asks for their home’s value to fall, but plenty of homeowners are now in the position of trying to dispose of mortgages that are considered upside-down.

Here's something the banks didn't expect. The rich are abandoning their million-dollar loans at a surprising rate.

In fact, of homeowners with loans of more than $1 million, one in seven is seriously delinquent, according to The New York Times.

For everyone else (those with loans under $1 million), only one in 12 is delinquent.

The regulator of savings and loan associations is following the industry, once dominant in mortgages, into oblivion.

The well-to-do have stopped paying their home loans in greater numbers, and apparently with less guilt.