HUD limiting reverse mortgages for seniors
This Wednesday, Jan. 18, 2017, file photo shows a home for sale in Mount Lebanon, Pa. On Thursday, April 6, 2017, Freddie Mac reports on the week's average U.S. mortgage rates.
This Wednesday, Jan. 18, 2017, file photo shows a home for sale in Mount Lebanon, Pa. On Thursday, April 6, 2017, Freddie Mac reports on the week's average U.S. mortgage rates.
For nearly a decade, a top U.S. housing regulator has restricted Fannie Mae and Freddie Mac from trying to influence the raging debate over whether they should live or die. Fannie Mae executive has done just that over the past few months, quietly meeting with people inside and outside President Donald Trump's administration, according to…
A Hennepin County judge has appointed an administrator to oversee 17 apartment complexes owned by a Minneapolis landlord under fire by tenants and city regulatory authorities. The receivership covers more than a quarter of Stephen Frenz's properties in Minneapolis and includes 436 apartment units. Foreclosure News
Outside Detroit, plans have been in the works for two years to transform the outdated Lakeside Mall into an open-air center with green space and a waterway. With the property in foreclosure and its ownership in limbo, the blueprints will have to be flexible. Foreclosure News
In this series, NerdWallet interviews people who have triumphed over debt using a combination of commitment, budgeting and smart financial choices. Their stories may even inspire you to pay off your debt . Foreclosure News
The Obama White House's settlement deals with major banks over mortgage finance and foreclosure abuses were widely panned as paper tigers at the time they were announced, with dollar figures too small to meaningfully punish the banks' misdeeds and fine-print conditions that shrunk the penalties even further in practical terms. But now, thanks to fresh…
The U.S. Supreme Court gave cities good news on Monday when it ruled 5-3 — newly-sworn-in Justice Neil Gorsuch didn't participate — that the city of Miami can sue banks for peddling high-interest home loans in black and Hispanic communities, predatory lending that some charge led to the Great Recession. But the ruling in Miami's…