This week in personal finance

Jan 11, 2013
We're talking about some of this week's biggest news stories: consumer debt, the new mortgage rules, and gun control.
Posted In: guns, CFPB, debt, mortgage

Stricter mortgage rules could loosen lending

Jan 10, 2013
The Consumer Financial Protection Bureau is rolling out new rules for mortgage lending. Some bank analysts say that counter-intuitively the stricter rules could actually loosen mortgage lending.
Posted In: mortgage, CFPB

From a nation of homeowners to a nation of renters

Jan 9, 2013
As 2013 kicks off, one of the biggest changes to the landscape of consumer finance is taking place in the housing market.
Posted In: housing market, rent, mortgage

The jumbo mortgage is back

Jan 4, 2013
Jumbo mortgages, too large to be backed by Fannie Mae or Freddie Mac, were hard to come by after the financial crisis. But in expensive real-estate markets like San Francisco, they're coming back.
Posted In: housing market, mortgage, home loans

Housing market to gradually move up in 2013

Jan 3, 2013
Marketplace Economics Correspondent Chris Farrell says there is one bright economic spot to look forward to in the coming year: the housing market.
Posted In: Housing, housing market, interest rates, mortgage

U.S. may expand mortgage refinance program

Dec 26, 2012
The Wall Street Journal is reporting that the Obama administration is eying new relief for underwater homeowners. Who stands to gain from the program?
Posted In: housing market, mortgage, mortgage refinance

Groups buy up underwater mortgages, keep families in house

Nov 23, 2012
The national foreclosure rate increased by more than 3 percent in October compared to the previous month. Some groups across the country are trying to change that by buying underwater mortgages and keeping families in their homes.
Posted In: mortgage, underwater mortgage

What's behind the high fallout rate for mortgage contracts?

Nov 23, 2012
Some analysts believe home buyers' willingness to take out mortgages might be running ahead of banks' willingness to lend to them. But there are likely other factors at play.
Posted In: mortgage, Housing

Rising delinquencies threaten Federal Housing Administration

Nov 15, 2012
The Federal Housing Administration's annual report is due out this week, and there's concern that the agency, which insures more than a trillion dollars in mortgages, is in big financial trouble.
Posted In: housing market, mortgage, Federal Housing Administration

Costco offers home mortgages

Nov 14, 2012
Costco hopes getting a mortgage through the big box retailer will bring more customers into the store for the things they'll need to furnish those homes.
Posted In: Costco, mortgage