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Treasury announces changes to bailout agreement with mortgage giants Fannie and Freddie
WASHINGTON — The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to the government of all quarterly profits the companies earn.
US rate on 30-year mortgages rises to 3.62 percent
WASHINGTON — Average U.S. rates on fixed mortgages ticked up for the third straight week, staying slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this year.
Mortgage rates
The 30-year fixed-rate average climbed to 3.62 percent, while the 15-year average remained below 3 percent.
Charles Rosen, ever refining our approach to the arts of the past
Seldom does a book of literary essays so unashamedly champion study and scholarship as does pianist and polymath Charles Rosen's "Freedom and the Arts: Essays on Music and Literature."
Federal regulators tighten standards for home appraisals used for high-risk mortgage lending
WASHINGTON — New federal rules proposed Wednesday would require all high-risk mortgage lenders to obtain property appraisals for the first time.
Wells Fargo paying $6.58M to settle SEC charges over sales of mortgage investments
WASHINGTON — Wells Fargo's brokerage firm has agreed to pay $6.58 million to settle federal civil charges that it failed to adequately inform investors about the risks tied to mortgage securities it sold.
Condo sales and prices up in the D.C. area
While the condo market has looked much healthier, we are unlikely to see a major price surge regionwide, even with the dwindling supply.
CFPB proposes new rules for mortgage servicers
One set of rules aims to provide homeowners with clearer, timelier information A second set requires servicers to credit payments promptly, correct errors and stay accessible.
New consumer agency proposes simplified mortgage forms
The new Consumer Financial Protection Bureau has proposed rules aimed at simplifying and improving the disclosure forms required for mortgage transactions.
Consumer finance agency sets mortgage protections
WASHINGTON — The government's consumer lending watchdog proposed new rules Friday aimed at protecting homeowners from unexpected costs and shoddy service by companies that collect their monthly mortgage payments.
US rate on 30-year mortgages rises to 3.59 percent
WASHINGTON — Average U.S. rates on fixed mortgages rose for the second straight week, staying slightly above historic lows.
TransUnion: Late payments on mortgages down 9 percent in first half of 2012
LOS ANGELES — U.S. homeowners are getting better about keeping up with their mortgage payments, driving the percentage of borrowers who have fallen behind to a three-year low, according to a new report.
Mortgage giant Freddie Mac posts $1.2B net income for 2Q; doesn't seek new federal aid
WASHINGTON — Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn't requesting any additional federal aid for the period.
Mike Johnson uses design touches to make his small condo seem bigger
Moving from a four-bedroom house to a one-bedroom condominium, designer Mike Johnson used his skills to make a 725-square-foot space look larger.
Don Juan Not-DeMarco
Remember Ed DeMarco? He runs the Federal Housing Finance Agency, which was created in 2008 following the government's takeover of Fannie and Freddie as an independent regulator of those firms. For the past year, he has been under pressure to use that authority to help homeowners. But today, DeMarco ruled that out, saying it was too risky.
Mortgage rates
The 30-year fixed-rate average fell to a historic-low 3.49 percent, while the 15-year average sank to 2.80 percent.
Heyman medal finalists at HUD and VA are getting veterans off the streets
Heyman medal finalists at HUD and VA are getting veterans off the streets.
Mortgage rates
The 30-year fixed-rate average fell to an historic-low 3.53 percent. It has been below 4 percent all but one week this year.
Surreal estate: Sonia Sotomayor buys a condo near U Street
Three years after she moved to town, the Supreme Court justice is finally putting down roots.