Reuters – Two AIG units settled federal charges that they discriminated against black home buyers on fees for mortgages and will pay $7.1 million for restitution and education efforts, the U.S. Justice Department said on Thursday.
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AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.
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AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.
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AP – Mary Feller’s family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home’s mortgage in California’s Marin County.
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Reuters – Two key Republicans are urging the House of Representatives to speed up a public hearing to investigate the administration’s bailout of home funding giants Fannie Mae and Freddie Mac.
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AP – Rates for 30-year home loans rose above the 5 percent threshold for the first time in three weeks, but remained near historically low levels.
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U.S. News & World Report – The real estate market continued to heal in the final three months of 2009, as lower home prices, cheap mortgage rates, and a federal tax credit worked to juice demand. The development was visible in the S&P/Case-Shiller home price report released Tuesday, which found that the rate of annual home price declines improved again in the fourth quarter. Prices at the national level fell just 2.5 percent in the fourth quarter of 2009, compared with a year earlier. …
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Reuters – U.S. mortgage applications fell for a third straight week, with demand for home purchase loans sinking to the lowest level in 13 years as inclement weather weighed, data from an industry group showed on Wednesday.
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AP – Report: Fewer people falling behind on home loans
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The Christian Science Monitor – They pose as experts, guaranteeing they can stop a home foreclosure. They may promise they can get you to the head of the line, leapfrogging over the thousands of other people trying to renegotiate their mortgage with the bank. But most of all, they want money upfront.
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