US home price gains weakened in December on slower sales

WASHINGTON (AP) — U.S. home values rose at a modest pace in December, a sign there are too few potential buyers to bid up prices. Real estate data provider CoreLogic says home prices rose 5 percent in December from 12 months earlier. That is down from the 5.5 percent price gain recorded in November. It's...

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JPMorgan will pay $50M in homeowner bankruptcy settlement

NEW YORK (AP) — The U.S. Department of Justice says JPMorgan Chase will pay $50 million to 25,000 homeowners for failing to properly review payment-change notices sent to homeowners who were in bankruptcy. The Justice Department says JPMorgan Chase acknowledged it filed about 25,000 payment change notices that were sent to homeowners without a proper...

Reverse mortgages too confusing for seniors

To help more seniors stay in their homes, the federal government has implemented a new rule allowing surviving spouses who meet certain conditions to remain in the home regardless of their borrowing status.

6% home-sale fee no longer sacred

A controversy over disclosure of commission rates sheds light on choices many people don’t know they have as a buyer or seller.

Signed contracts to buy US homes rise to 18-month high

WASHINGTON (AP) — The number of Americans signing contracts to buy homes rose at a healthy pace in January, a sign that home sales are poised to accelerate after a slow start to the year. The National Association of Realtors said Friday that its seasonally adjusted pending home sales index increased 1.7 percent to 104.2...

Average US rate on 30-year mortgage rises to 3.80 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates have edged up for a third straight week while remaining near their historically low levels reached in May 2013. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage rose to 3.80 percent from 3.76 percent last week. The rate for the 15-year loan,...

MetLife will pay gov’t $123.5M in mortgage settlement

NEW YORK (AP) — MetLife's home lending unit will pay $123.5 million to end an investigation into allegations it gave government-backed mortgages to people who didn't meet federal requirements. The Justice Department said Wednesday that MetLife knew the business was issuing hundreds of loans that didn't meet federal requirements, which means they were not eligible...