The Justice Department, the Department of Housing and Urban Development (HUD) and the Consumer Financial Protection Bureau, along with 49 state attorneys general and the District of Columbia’s attorney general, have reached a $470 million agreement with HSBC Bank USA NA and its affiliates (collectively, HSBC) to address mortgage origination, servicing and foreclosure abuses

The Justice Department today announced that Morgan Stanley will pay a $2

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Mortgages, whether purchase or refinance, require a long to-do list. If any of the steps in the chain cannot occur, the ability to get a mortgage is jeopardized. The unprecedented shutdowns caused by COVID-19 threaten to break multiple links in the mortgage chain. This article examines what is at risk for one segment of the…

Many households approach retirement age with inadequate financial resources, but substantial equity in their residence along with a preference to remain in their homes. For these households, retirement planning presents the challenge of deciding between staying in their home or having sufficient income. In theory, reverse mortgages offer a solution whereby older homeowners can “age…

Abstract With the gradual disappearance of private-sector pensions and gradually increasing life expectancy, Americans must increasingly take responsibility for managing their own retirement. Many older households end their working years with limited financial resources, but have accumulated substantial equity in their homes—making home equity a potential source of retirement income. Reverse mortgages offer one avenue…

abstract This paper proposes a way to make reverse mortgage loans more attractive to both borrowers and lenders by reducing the risk that the loan balance grows to exceed the value of the mortgaged home. In particular, loan amounts would be increased at origination to purchase a life annuity. The annuity would be used to…

Housing wealth is a largely untapped resource that can help older adults supplement their incomes and buffer financial shocks in retirement. According to the 2016 Survey of Consumer Finances, more than 6 million homeowners age 62 and older in the U.S. have less than $10,000 in non-housing financial wealth but have at least $20,000 in…

This couple have found a balance between financial security and freedom, by renting out their house, living out of their renovated garage, and traveling in their van conversion.

Bill White, VP of Real Estate Lending for NASA FCU, speaks to current housing market conditions, as well as the new Family Mortgage and other options from NASA FCU.

Get mortgage help. This is why. MakingHomeAffordable.gov :60

See how easy it is to apply for a mortgage through Vanderbilt Mortgage and Finance, Inc.

Applications to the government's mortgage bailout program have been swelling at a rate of about half a million a week.

Mortgage and rent payments for the month of May are now due. CNBC's Diana Olick reports on how many Americans are unable to pay as the coronavirus crisis continues.

Two months after applying for a new loan, I closed on April 27. The process was painless, but some things were worth noting for those exploring an online mortgage or refinance during coronavirus.

Homebuyers appear to be heading slowly back into the market, as the coronavirus-stricken economy begins to reopen.

If you have been financially impacted by Covid-19 and are worried about paying your mortgage, you could consider applying for forbearance. Under the Cares Act, struggling homeowners can either reduce or pause payments on a federally backed mortgage loan. Many private lenders are also offering relief.

In the past week, 225,000 more borrowers took advantage of government and bank mortgage forbearance programs, according to data firm Black Knight.

About 2m Britons have paused payments in the coronavirus crisis. Readers share their concerns

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Almost one in five UK mortgage holders have now been granted a payment holiday, it was estimated this week – but people’s experiences of the process have been very different. Some struggled to get a holiday while others say it was almost too easy. And while for some it will add just a few pounds to their monthly mortgage bill, others say their outlay will rise by a lot more.

The Guardian asked readers who had applied for a mortgage payment holiday, or help with other debts, how they got on. Almost 200 people contacted us to tell us their stories.

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Mortgage Approvals in the United Kingdom decreased to 56.16 Thousand in March from 73.67 Thousand in February of 2020. Mortgage Approvals in the United Kingdom averaged 83.91 Thousand from 1986 until 2020, reaching an all time high of 151.80 Thousand in May of 1988 and a record low of 26.36 Thousand in November of 2008. Mortgage approvals for house purchase refers to the firm offers of lenders to advance credit secured on specific dwellings to their customers. It covers approvals that are fully secured on residential property by a first mortgage. It includes existing borrowers transferring their existing mortgage to another property, lending to first-time purchasers and lending for buy-to-let purposes. This page provides the latest reported value for - United Kingdom Mortgage Approvals - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Mortgage Application in the United States increased by 0.10 percent in the week ending May 1 of 2020 over the previous week. Mortgage Applications in the United States averaged 0.57 percent from 2007 until 2020, reaching an all time high of 55.40 percent in March of 2020 and a record low of -38.80 percent in January of 2009. In the US, the MBA Weekly Mortgage Application Survey is a comprehensive overview of the nationwide mortgage market and covers all types of mortgage originators, including commercial banks, thrift institutions and mortgage banking companies. The entire market is represented by the Market Index which covers all mortgage applications during the week, whether for a purchase or to refinance. This page provides - United States MBA Mortgage Applications - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mortgage Approvals in Oman increased to 1348 in February from 1087 in January of 2020. Mortgage Approvals in Oman averaged 1485.61 from 2011 until 2020, reaching an all time high of 2595 in March of 2016 and a record low of 139 in July of 2017. This page provides - Oman Mortgage Approvals- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mortgage Approvals in Spain decreased to 36050 Units in February from 39314 Units in January of 2020. Mortgage Approvals in Spain averaged 52140.30 Units from 2003 until 2020, reaching an all time high of 129128 Units in September of 2005 and a record low of 12146 Units in August of 2013. This page provides - Spain Mortgage Approvals- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Patrick Jenkins and guests discuss the outlook for the UK mortgage market, the reform of India's state-owned banks and leadership changes at UBS. With special guest Darren Cook, Mortgage Analytics Manager at Moneyfacts.

Contributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Benjamin Parkin, Mumbai correspondent, Alice Ross, wealth correspondent, and Stephen Morris, European banking correspondent. Producer: Fiona Symon

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How to find a financial adviser - a relationship with an adviser you can trust is something that FT readers often tell us is hard to come by. FT Money editor Claer Barrett talks to Damian Fantato, deputy editor of FT Adviser about the solution. Plus, with less than a month to go until the general election, financial advisers tell us they are getting calls from a lot of worried clients - we discuss what's troubling them. And finally, the rise of the 40-year mortgage - Paul Lewis, presenter of BBC Moneybox is here to share his own worries about extra long hours.

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Do you want to find out how to do the splits on your mortgage? FT Money Show presenter Claer Barrett is not talking about stretching yourself, but instead, how thousands of borrowers are finding their mortgage lender is flexible enough to give them more than one type of mortgage. Next up, nearly a million people reported scam calls, texts or emails from criminals posing as UK tax authority HMRC last year - we tell you how to protect yourself. And finally, despite the rising cost of childcare, statistics show a million parents are not claiming for the tax free childcare they are entitled to - are you one of them?

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Mortgage products tracking base rate vanish as ‘the numbers no longer stack up’ 

US central bank accelerates purchases to stabilise market for securities backed by home loans

Households urged to consider options such as reduced payments instead of delaying debt

Regulatory action sought to prevent intervention from having unintended consequences

Non-bank lenders put on downgrade watch as sector braces for wave of borrowers not paying

Interest rate disparity could add nearly £2,500 per month to the cost of servicing a £5m mortgage 

Dig downs and loft extensions may increase the value of a home, but it’s hard to borrow against this

Fixed rate that applies in years three to five has been cut

3.19 per cent deal comes with a fee of £1,495

1% cashback for mortgage customers with 123 account

Uncertainty over loan forbearance prevents savings being passed on

Lenders reluctant to count payments as affordability checks tighten

Our household income has been hit hard by the coronavirus pandemic

The cost to banks of funding mortgages has leapt since Mr Trump's surprise win, and experts expect these rises to be passed on to homeowners.

The nanny was allegedly hired from the Philippines by agents for Tony Lam and lived with him and his wife and their two children in the Sydney CBD.

Charlie Sheen has been hit with a further blow since the actor, 53, could lose his Beverly Hills mansion after reportedly defaulting on his mortgage, according to The Blast .

Tom Barrack, who is the CEO and chairman of Colony Capital Inc., has warned that the US commercial mortgage market is on the brink of collapse due to the coronavirus.