WASHINGTON, Aug. 16 (Xinhua) -- U.S. fixed mortgage rates this week edged up for the third straight week following recently released stronger economic data, according to the Primary Mortgage Market Survey released Thursday by Freddie Mac. The mortgag...
More people are losing their houses because they cannot pay their mortgage. If they miss payments, the bank becomes the owner and will sell the house. Now there are about 250 mortgage sales every month. Last year there were less than 100 each month....
U.S. lawmakers challenged former top executives of major government-backed mortgage finance companies to explain why they took on billions of dollars in risky loans. Questioning of the former heads of Fannie Mae and Freddie Mac came as a House of Re...
By Jeff Swicord Cleveland, Ohio 18 March 2008 The subprime mortgage crisis has devastated property values and the quality of life in cities across the United States. In this, the second part of a three part series, VOA's Jeff Swicord takes a look at...
By Mil Arcega Washington 15 March 2007 watch Arcega report The recent downtrend in U.S. stock prices is being blamed on nervous investors - in particular, those who are worried about mortgage companies' financial difficulties, especially the problem...