Stories tagged: mortgage
Sun., Feb. 19, 2017, midnight
Tom Kelly: Despite safeguards, predatory lenders still operating
In the home-mortgage industry, predators historically have jockeyed to the most vulnerable rung of the housing ladder, seeking to “dine and dash” with the least suspecting group of borrowers having …
Wed., Jan. 11, 2017, 7:24 a.m.
Suddenly, home sale agreements nationwide are falling apart
Spending months to find the perfect home in your price range, only to have your mortgage application rejected, or a home inspection turn up expensive repairs, is a nightmare-one that …
Thu., Aug. 25, 2016, 7:32 a.m.
Average U.S. 30-year mortgage rate unchanged at 3.43 percent
Long-term U.S. mortgage rates didn’t budge this week, remaining at historically low levels that continue to lure prospective home buyers.
Fri., Aug. 5, 2016, 1:24 p.m.
Prosecutors ask appeals panel to rehear Bank of America case
A federal appeals panel should reconsider its reversal of a fraud verdict against Bank of America Corp. and $1.2 billion penalty resulting from the bank’s actions during the 2008 financial …
Mon., May 16, 2016, 7 p.m.
Spokane Valley homeowner says neighbor took advantage of foreclosure, sold her belongings at a yard sale
Spokane Valley woman wants to buy back furniture her neighbors sold on Friday; says neighbors had no right to sell her things.
Fri., April 22, 2016, 10:17 a.m.
U.S. home rents up in March, but signs suggest an easing trend
Americans paid more to rent homes last month, but broader measures suggest that the surging increases of prior years have moderated in much of the country.
Thu., April 14, 2016, 3:51 p.m.
Limited reduction of mortgage principal for stressed homeowners extended
A top federal regulator on Thursday announced a long-awaited initiative to allow some homeowners facing foreclosure to reduce the principal on their mortgages.
Thu., Feb. 25, 2016, 8:06 a.m.
30-year mortgage rate falls to 3.62 percent
Average long-term U.S. mortgage rates fell this week as anxiety over the global economy persisted. Long-term rates resumed their decline after being unchanged last week following six straight weeks of …
Fri., Feb. 19, 2016, 9:12 a.m.
Higher interest rates boost Fannie Mae profit
Fannie Mae, the government-controlled mortgage company, said its net income in the fourth quarter nearly doubled on higher interest rates.
Thu., Feb. 18, 2016, 9:33 a.m.
Average U.S. 30-year mortgage rate at 3.65 percent
Average long-term U.S. mortgage rates were unchanged this week, but remained at historically low levels amid worries about the global economy.
Thu., Feb. 18, 2016, 9:25 a.m.
Freddie Mac profit rises on higher interest rates
Freddie Mac, the government-controlled mortgage company, said its net income jumped in the fourth quarter thanks to higher interest rates.
Wed., Feb. 3, 2016, 10:29 a.m.
Wells Fargo to pay $1.2B federal mortgage settlement
Wells Fargo has agreed to a $1.2 billion settlement to resolve a long-running mortgage dispute with the U.S. government, a move that slashes the bank’s 2015 profit by $134 million.
Sun., Oct. 20, 2013, midnight
Reverse mortgage strategy can open door to second home
A reverse mortgage must be made against a primary residence, but the loan can absolutely be used to help purchase a second home. While the proceeds of a reverse mortgage …
Thu., Oct. 4, 2012, 5 p.m.
BofA reps to meet with struggling homeowners
Homeowners who have mortgages with Bank of America and are having trouble making their payments are invited to meet with representatives of the bank on Oct. 12 and 13 in …
Thu., April 12, 2012, 8:15 a.m.
Mortgage rates drop to near-record low
WASHINGTON — The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making home-buying and refinancing a bargain for those who can qualify.
Wed., Dec. 7, 2011, 7:40 p.m.
Area home sale prices continue to decline
Average home sales prices in Spokane fell by 4.1 percent in October, in line with national and regional declines driven in part by foreclosures and high unemployment. The Spokane sales …
Fri., May 7, 2010, midnight
Spokane woman no longer unemployed, but still struggling
JoAnn Thomas is back to work, and just in time. Thomas is a 59-year-old Spokane woman who exhausted her unemployment insurance a month ago. She’d lost her job in 2007, …
Fri., April 16, 2010, midnight
Every step to home loan solution a fight
On Monday, Jim Shafer learned by mail that he had been denied a modification for his home loan. Also on Monday, Jim Shafer learned by phone that he had been …
Sat., Nov. 28, 2009, midnight
Mortgage-help scams grow
State attorneys general in Idaho and Washington are warning of mortgage foreclosure rescue scams that target homeowners struggling to pay their mortgages by offering to help if they pay large …
Sun., March 8, 2009, midnight
Extra fees look like wrong way to fix housing market
Maybe it’s just the point in our lives, but it seems that the availability of home mortgage money mirrors that of college tuition: There are some terrific programs for the …
Wed., July 23, 2008, midnight
State penalizes lender
OLYMPIA – Washington’s state financial regulatory agency said Tuesday it intends to revoke the business license and fine Paramount Equity Mortgage Inc., for “deceptive lending practices.” The California-based company, with …