Home Financing - Personal Finance Guide

WASHINGTON (Reuters) - The mortgage chief of the United States' second largest bank was mobbed by angry borrowers on Tuesday after he invited customers to speak to him if they feared foreclosure of their homes.The JPMorgan Chase &amp; Co executive was at ...

WASHINGTON (Reuters) - The former chief of Fannie Mae, the top U.S. mortgage finance company whose purchase of risky home loans led to a massive government bailout, on Friday apologized for the company's failings and shouldered the blame.But even as Daniel Mudd, ...

<div id="subtitle">Rates on 30-year mortgages jump to highest level in 8 months as bond yields rise</div><div><p>Rates for 30-year home loans surged last week, rising to the highest level in eight months due to the improving economy and the end of a government ...

<div id="subtitle">Mortgage rates are on the way up, making buyers scramble _ and pricing some out altogether</div><div><p>The era of record-low mortgage rates is over.</p><p>The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in ...

<div><p>NEW YORK (Reuters) - U.S. mortgage rates spiked last week, slashing refinancing demand, while requests for home purchase loans held steady amid a final rush for federal tax credits, Mortgage Bankers Association data showed on Wednesday.</p><p>Time is running out for home buyers ...

<div id="subtitle">FDIC sells $491M in distressed mortgages; Roundpoint Mortgage pays $34M for 50 percent stake</div><div><p>The Federal Deposit Insurance Corp. has sold $490.7 million in troubled mortgage loans from 19 banks that failed between August 2008 and March 2009 as it works through ...

<div id="subtitle">Rates on 30-year fixed mortgages rise above 5 percent this week</div><div><p>Rates on 30-year fixed mortgages climbed above 5 percent this week as a Federal Reserve program geared to keep interest rates low came to an end.</p><p>The average rate on a 30-year ...

<div><p>(Reuters) - Redwood Trust Inc &lt;RWT.N&gt; is looking to float at least $200 million worth of securities backed by home mortgage loans, the Wall Street Journal said, citing people familiar with the situation.</p><p>Redwood's plan marks an attempt by a private player to ...

WASHINGTON (Reuters) - The Obama administration on Friday announced a $14 billion effort to try to stem a rising tide of home foreclosures by giving lenders incentives to erase some mortgage debt and slash mortgage payments for the unemployed.The new aid programs, ...

Answers about how the new foreclosure-prevention plan will work and who will benefitThe Obama administration on Friday announced a major reworking of its troubled $75 billion plan to prevent foreclosures. The revamped program is now designed to aid jobless homeowners and people ...

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Topic: Home Financing

U.S. bank chief mobbed by angry borrowers

Ex-Fannie CEO apologizes, blames business model

Rates on 30-year home loans rise to 5.21 pct

Homebuyers scramble as mortgage rates jump

Home purchase loan demand steady as refis sink

FDIC sells $491 million in home loans

Mortgage rates rise above 5 percent

Redwood Trust mulls sale of mortgage-backed securities: report

Obama housing plan seeks to reduce mortgage debt

Answers to questions about new mortgage aid plan

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