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Local DC MD VA Area News
Realtors urge Congress to keep tax breaks for homeowners
Despite having significant financial assets tucked away in a retirement account, retirees find diminished monthly incomes may not be sufficient to meet some lenders' underwriting rules.
Neighborhood profile: Palisades
Residents love the area by the C&O Canal for its green spaces and easy access to D.C. hot spots.
Supreme Court says families cannot sue mortgage company over loan discount fee
WASHINGTON — The Supreme Court ruled unanimously Thursday that three families cannot sue a mortgage company for allegedly charging them a loan discount fee without giving them a lower interest rate.
Average US rate on 30-year mortgage dips to record low of 3.78 percent; 15-year unchanged
WASHINGTON — The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year.
30-year mortgage rate hits fourth straight record low
Rates hold fairly steady following a series of uplifting news from the housing sector this week.
FDIC sues big banks over toxic mortgage securities bought by 2 failed Illinois banks
WASHINGTON — The government has sued several big banks over toxic mortgage securities they issued that were bought by two small Illinois banks which failed in May 2009.
Neighborhood profile: Lyon Village
The easy commute to Washington was always a draw for this Arlington neighborhood, but now there's also the bustle of Clarendon.
Mortgage rates sink to record lows for third straight week
The free fall continues as the European debt crisis drives rates even lower.
Average US rate on 30-year fixed mortgage down to record low of 3.79 pct.; 15-year also record
WASHINGTON — Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.
Woman sentenced in $70 million mortgage fraud scheme
Carole Nelson worked for Metro Dream Homes, which prosecutors say bilked homeowners who invested cash in return for later mortgage payments.
Speak up on mortgage points and fees
The Consumer Financial Protection Bureau wants your opinion on mortgage points and fees.
Neighborhood Profile: Lincolnia Park
The Fairfax county community contains large-lot houses of diverse styles inside the Beltway.
Mortgage rates hit record lows for second straight week
The average 30-year hits 3.83 percent, following bond yields lower.
HUD teams with the District to oversee affordable-housing grants
After years of funding poor-performing developers, the city gets help monitoring two new housing programs.
For condo associations, help collecting dues under a novel idea from Howard
A Howard County Council members has proposed a bill that would help associations crack down on some homeowners who don't pay their fees.
Neighborhood Profile: Edgemoor
The enclave west of downtown Bethesda boasts architectural diversity on top of that location -- hence the high home prices.
Mortgage lending revenue boost profits at local banks
Local financial institutions reporting Q1 earnings posted a median 31.7 percent bump in profits.
Neighborhood profile: King's Grant
The appropriately titled King's Grant boasts stately manors on royally large lots in the heart of La Plata, Md.
Eliminating HUD would jeopardize efforts to aid homeless vets, Democrats charge
Mitt Romney's suggestion that he might eliminate HUD would derail progress in reducing veteran homelessness, Democrats say.
Mortgage rates hold fairly steady, 30-year at 3.90 percent
Fixed mortgage rates increased ever so slightly on the heels of mostly comforting inflation data released earlier this week.
HUD targeted as budget pressures grow
In this age of austerity, whoever wins the presidential election will have to make tough decisions about where to find budget savings, and housing advocates worry that HUD could be a top target.
Mitt Romney at private fundraiser: I might eliminate HUD
Remarks at a private fundraiser gave a rare glimpse at the Republican's plans.
Neighborhood Profile: Navy Yard
Washington Nationals fans visiting Navy Yard for the first time since last season will find a neighborhood coming into its own with new residents, shops and restaurants.
IMF chief Lagarde calls for U.S. mortgage relief
IMF Managing Director Christine Lagarde calls on the United States to move faster to help over-indebted households, and she urges writedowns of mortgages held by Fannie Mae and Freddie Mac.
Mortgage rates take a dive, 15-year hits all-time low
Fixed-rate mortgages plummented this week on the heels of disappointing jobs numbers.
CFPB considering rules for mortgage servicers
The new federal consumer watchdog agency is slated to announce Tuesday that it is considering new rules aimed at increasing transparency and accountability in the mortgage servicing industry.
Neighborhood Profile: Sherwood
Older houses and walkable streets add to the appeal of this Falls Church City neighborhood.
Where have all the D.C. condos gone?
If you want to buy a condo in D.C., your options may be limited. Here's why.
Neighborhood Profile: Brookmont
With its proximity to the C&O Canal, Bethesda's Brookmont neighborhood has become a gathering place for kayakers. Its tight-knit community is also a draw for many residents.