CFPB Launches Mortgage Tool to Help Find Best Rates

With the housing market slightly recovering from its collapse a few years ago, Americans are searching to purchase a home again, but are they going about it in the right way? A new survey suggests potential homebuyers aren't. According to a study by the Consumer Financial … [Read more...]

Lacker Opposes Fed Plan to Hold Mortgage-backed Securities

The Federal Reserve’s Federal Open Market Committee (FOMC) voted in favor Wednesday to reduce its monthly bond-buying program by another $10 billion, keep its interest rates to near zero and continue to reinvest the returns from maturing bonds as the balance sheet reaches to an … [Read more...]

Mortgage

Mortgage Secured loan that has specific real estate property as collateral. The borrower has an obligation to make structured scheduled repayments periodically. … [Read more...]