Freddie Mac says it will soon send the U.S. Treasury a $10.4 billion dividend, putting taxpayers further into the black on their bailout of the mortgage giant.
Mortgage applications fell last week to the lowest level in nearly two decades, a clear sign of weakness in buyer demand heading into the usually busy spring housing season.
Buying a new home in a new neighborhood can be great. But if you try to sell too soon, you'll be competing with newer homes, and that can be an expensive trap to escape.
Fannie Mae posts net income of $6.5 billion in the fourth quarter, its eighth straight profitable quarter, and will repay its U.S. government bailout in full.
More bad news for the housing market as data show new-home starts and permits tumbled in January and applications for new mortgages fell in the latest week.
Wells Fargo, the largest U.S. mortgage lender, is tiptoeing back into subprime home loans again.
Interest rates have risen a bit, but they're still historically low, so refinancing your home remains a smart move. But don't fall into these traps when you do it.
The Consumer Financial Protection Bureau's new mortgage rules have taken effect. Their purpose: To protect home buyers from the bank behaviors that led to the housing bust.
U.S. home resales rose slightly in December as record low mortgage interest rates and pent-up demand continue to sustain a recovery in the market.