Shaun Donovan, the U.S. Secretary of Housing and Urban Development, said that families who are rebuilding and have FHA loans can put off making their mortgage payments for another 12 months.
Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.
New York Gov. Andrew Cuomo on Wednesday announced a state review of banks and mortgage lenders who were allowed to delay payments as a result of damage from Superstorm Sandy, only to be asked to pay it all back in one lump sum.
Following Sandy, banks allowed homeowners to delay mortgage payments for three to six months, but that window is set to expire.
Mortgage rescue scams are on the rise on Long Island, where housing officials are issuing an alert.
Carmen Wong Ulrich, finance expert and author of “The Real Cost of Living,” sat down with TV-55’s John Elliott and Lisa Kerney to answer the 5 big questions people have about money
One of the victims, an Air Force veteran and former New York City firefighter, said a scammer took his personal information and collected $351,000.
New York and New Jersey will receive upwards of $800 million each while Connecticut will receive $119 million for struggling homeowners, WCBS 880′s Marla Diamond reported.
Two former Credit Suisse traders pleaded guilty to conspiracy and signed cooperation agreements Wednesday in a long-running probe of the federal sub-prime mortgage securities market that was expected to result in more arrests.
A New York man convicted of masterminding a $100 million mortgage fraud scheme has admitted trying to order a hit on a key witness in his trial.
The federal government sued one of the nation’s largest privately held mortgage brokers, saying its decade-long fraudulent lending practices cost the government hundreds of millions of dollars and forced thousands of American homeowners to lose their homes.
Head of school Miguel Brito says they got several anonymous gifts totaling $22 million, paying off the mortgage.
Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed.
Schneiderman is seeking records from three major Wall Street banks as part of a broad investigation into the mortgage crisis that fueled the recession.
The nation’s financial regulators are looking to prevent another housing boom and bust by encouraging safer home loan lending and borrowing practices.
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