Via: Foxbaltimore.com Bank of America is testing a new program that could keep more families from becoming homeless. It’s called the “mortgage to lease program” and it will allow customers facing foreclosure in hard hit housing areas to stay in their homes. As of right now, only customers from Arizona, Nevada, and New York will […]

ALBANY, N.Y. (AP) — New York and California have agreed to sign the proposed settlement between U.S. states and the nation’s biggest mortgage lenders over foreclosure abuses, according to a source close to the negotiations. SEE ALSO: NYPD Chief’s Son Won’t Face Rape Charges Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial […]

WASHINGTON — Americans bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year, and the overall sales pace is trailing last year’s – the worst in half a century. RELATED: 10 Top Markets For Bargain Hunters The […]

Borrowers whose credit scores fall below standards are finding it easier to access a home loan, as lenders are once again welcoming subprime markets. Not since the financial crisis have lenders been willing to invest in buyers with questionable credit. According to reports, a number of private firms are becoming increasingly willing to accept alternative […]

Washington– The Obama administration will spend less than a quarter of the $50 billion it promised to help homeowners facing foreclosure, the nonpartisan Congressional Budget Office said in a report Monday.