Apr 13, 2012 The two major banks beat expectations with JPMorgan reporting a $5.4 billion profit last quarter, and Wells Fargo making a $4.2 billion profit. Both said an uptick in mortgage lending helped their bottom lines.
Apr 3, 2012 When I look at the interest rates on various savings accounts, they are all way lower than the 4.6 percent I'm being charged on my mortgage. I do recognize my condo as providing me with a service, and my minimum payment now is actually less than the rent I was paying on a studio 4 years ago! But, if I think of the equity I gain as a sort of savings account for a future upgrade, I'm just not sure how to compare my options. The simplified thought process I currently go through is that any extra I pay on my mortgage saves me 4.6 percent in interest that I would have to pay, while that same money would only earn me maybe 2 percent in a savings account, so it is better to save 4.6 percent by never having to pay it. Am I totally off? Erin, Boston, MA
Mar 23, 2012 A Seattle family learns the hard way how to manage its finances.
Stacey Vanek Smith
Mar 19, 2012 Some of Wall Street's biggest firms want to bid on pools of foreclosed properties being sold by Fannie Mae to rent them out. What does that mean for investors and how might it affect homeowners?
Mar 19, 2012 The U.S. Treasury has profited from buying mortgage-backed securities during the financial crisis.
Mar 12, 2012 The $25 billion settlement announced last month finally details all the different types of relief for borrowers. But it sure took a long time.
Mar 6, 2012 President Obama reportedly plans to announce some new help for hurting homeowners. There's word one part of the plan would make it cheaper to refinance mortgages insured by the Federal Housing Administration.
Feb 13, 2012 My husband and I are both church pastors. We have been married for a year and half and we both work full time. Our gross income is about $84,000 and we tithe 10 percent to our churches and charities, which we will continue to do. We are trying to decide whether or not to purchase a home, and whether we are saving money in the proper places.... Is this a good time to buy a home? What if we needed to sell it in four years? Should we be putting less money into savings and more into the Roth IRA's? Thank you for your help! Emma, Beverly Hills, MI
Feb 13, 2012 The settlement between states and banks is worth $250 billion, but few homeowners benefit.