More minorities denied mortgages
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Blacks and Latinos in the Boston area were denied mortgages at the highest rates since the early 1990s, when minority loan rejections sparked charges of racism in the city's lending industry.
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The NAACP sued a dozen mortgage lenders yesterday, claiming the companies discriminated against blacks by steering them into higher interest, subprime loans while giving more favorable loan terms to white borrowers.
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Trying to turn the ongoing credit crunch to their advantage, some Massachusetts banks are ramping up their criticism of other mortgage lenders.
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Newcomers in both houses could produce more than their share of individual standouts, especially among minorities.
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WASHINGTON, Sept. 18  â The House approved a plan on Tuesday to expand federal backing of mortgages in hopes of helping struggling homeowners avoid foreclosure.
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Sub-prime mortgages are growing faster than mainstream mortgages, a report says.
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Mortgage products aren't the problem. Borrowers are.
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Housing starts have been very high relative to the number of homes that builders are trying to sell.
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More than half of homeowners delinquent on their mortgages said they didn't know lenders could help them avoid foreclosure, according to a survey released on Thursday.
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Hundreds of lawsuits are being filed on behalf of borrowers who legal advocates say were shoehorned into homes beyond their means with creative and onerous mortgages.
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A wave of foreclosures could be prevented if the largest federal home-ownership program were open to more delinquent borrowers, according to a study being mulled by the nation's largest mortgage investor group.
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The US Department of Housing and Urban Development has finalized a rule that will require the nation&#39;s two largest housing finance companies to increase their purchase of mortgages for low- and moderate-income families and underserved communities.
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Thousands of people paying mortgages are unaware of the risk to their homes posed by missed payments,  a charity says.
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The number of new mortgage approvals in the UK held up in July, the Bank of England reports.
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Distinctions between local economies are being overridden by a mortgage market that has made it more difficult for many would-be homebuyers to obtain financing.
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Here's something more scary than  Chucky: A growing number of people are borrowing against their  homes to invest in the stock market.
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More than a fifth of people who have come off fixed-rate mortgages have found it hard to meet their repayments.