Latest Mortgages News

Law clinic, activist pair to help victims of mortgage fraud

Jan. 22, 2019 6:34 AM EST

CHICAGO (AP) — A Chicago law clinic and a local activist are partnering to help people prosecutors say were victims of a massive reverse mortgage fraud. Northwestern Pritzker School of Law's Bluhm Legal Clinic and the Rev. Robin Hood announced the partnership Monday. They'll represent people who say...

US average mortgage rates steady; 30-year stays at 4.45 pct.

Jan. 17, 2019 12:03 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates held steady this week, after falling for six straight weeks to reach their lowest levels in nine months. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage was unchanged from last week at 4.45 percent....

Correction: NerdWallet-Government Shutdown-Mortgages story

Jan. 16, 2019 2:22 PM EST

In a story Jan. 11 about the government shutdown, The Associated Press — from an article that originally appeared on the personal finance web site NerdWallet — reported erroneously that mortgage loans guaranteed by the Department of Veterans Affairs would be affected by the shutdown. The VA says...

Correction: NerdWallet-Government Shutdown-Mortgages story

Jan. 15, 2019 10:33 AM EST

In a story Jan. 11 about the government shutdown, The Associated Press — from an article that originally appeared on the personal finance web site NerdWallet — reported erroneously that mortgage loans guaranteed by the Department of Veterans Affairs would be affected by the shutdown. The VA says...

Corrections officers working unpaid call situation 'dire'

Jan. 14, 2019 12:54 PM EST

DANBURY, Conn. (AP) — Pat Wynne, a correctional officer at the Federal Correctional Institution in Danbury was visiting family as part of his Christmas vacation when the government shutdown began on Dec. 22. Soon after, a call from the federal Bureau of Prisons informed him that paid leave had been...

Federal workers get $0 pay stubs as shutdown drags on

Jan. 11, 2019 7:40 PM EST

Federal employees received pay stubs with nothing but zeros on them Friday as the effects of the government shutdown hit home, deepening anxieties about mortgage payments and unpaid bills. All told, an estimated 800,000 government workers missed their paychecks for the first time since the shutdown began....

Payday without pay hits federal workers as shutdown drags on

Jan. 10, 2019 7:50 PM EST

OGDEN, Utah (AP) — Payday will come Friday without any checks for about 800,000 federal employees affected by the government shutdown, forcing workers to scale back spending, cancel trips, apply for unemployment benefits and take out loans to stay afloat. IRS employee Krystle Kirkpatrick and her family,...

Government shutdown delays Minnesota businesses, home buyers

Jan. 10, 2019 6:18 PM EST

MINNEAPOLIS (AP) — Minnesota executives, home buyers and small business owners are starting to see more delays following the first full week of business since the partial federal government shutdown began. With one in five mortgages in Minnesota backed by government agencies, home buyers ineligible for...

US average mortgage rates fall; 30-year at 4.45 percent

Jan. 10, 2019 12:20 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates continued to fall this week, reaching their lowest levels in nine months. The decline in home borrowing rates in recent weeks has been a spur to prospective homebuyers, reflected in a spike in applications for mortgages. Mortgage buyer Freddie Mac said...

Trump stalks out of shutdown talks with Dems, says 'bye-bye'

Jan. 9, 2019 8:23 PM EST

WASHINGTON (AP) — President Donald Trump walked out of his negotiating meeting with congressional leaders Wednesday — "I said bye-bye," he tweeted— as efforts to end the 19-day partial government shutdown fell into deeper disarray over his demand for billions of dollars to build a wall on the...