SunTrust Mortgage Inc. has agreed to pay up to $320 million to resolve allegations that it misled customers seeking loan modifications.
The Pending Home Sales Index dropped again in December for the sixth month out of the past seven, the National Association of Realtors reported Thursday.
Home flipping, a hallmark of Las Vegas' housing bubble, became more popular and a lot more lucrative last year amid surging prices.
Average U.S. rates for fixed mortgages slipped this week as new data showed a decline in home prices in November and a drop in new homes sales last month.
U.S. home prices rose nearly 14 percent in November from a year ago, the Case-Shiller monthly report revealed Tuesday.
Existing-home sales in the Chicago area beat their year-ago comparisions in December, with a year-end burst of buying that beat November's numbers.
Mortgage buyer Freddie Mac said Thursday the average for the 30-year loan declined to 4.39 percent from 4.41 percent last week, with 2013 coming in as the best year for housing in seven years.
Anyone trying to get a major loan knows the impact their credit score can have to the process, which is why it's a good idea to know what it is before you apply for a home, car or other large-ticket loan.
In the face of a 16-day government shutdown, Americans were buying new homes at a brisk pace in October, ringing up the sector's largest monthly gain in more than 33 years.
U.S. home prices rose only modestly in October, real estate data provider CoreLogic said Tuesday, adding to signs that prices have stabilized after experiencing big gains earlier this year.
U.S. finance giant Bank of America said Monday it would pay $404 million to settle all claims brought by the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac and Fannie Mae.
Pending home sales continued to move lower in October in the face of limited inventory and decreased affordability, according to a national real estate group.
Existing-home sales declined for the second month in a row in October, while tight inventory means continued double-digit gains in home prices, the National Association of Realtors said.
Shares of homebuilders were trading lower on Friday, as better-than-expected job data triggered concerns that the Federal Reserve could roll back stimulus efforts that have helped keep mortgage interest rates near historic lows.
Fannie Mae and Freddie Mac are profitable again, paying dividends to the Treasury and nearing completion of paying back their government bailouts.