You know how the auto insurer raises your premium after an accident? Something similar is happening to mortgage fees. They’re getting more expensive for a lot of people.
Many borrowers will be socked with a fee that amounts to $250 for every $100,000 borrowed, just because the mortgage market has gone so bad. Other customers will […]

U.S. Treasury Secretary Henry Paulson Thursday unveils his “teaser freezer” plan to put a five-year hold on some mortgage interest rates and help keep millions of homeowners out of foreclosure.
He’s hoping to apply the plan to certain subprime mortgages underwritten between 2005 and this year, the rates for which are to reset higher starting in […]

Lenders have rolled out reverse mortgages with larger payouts and lower fees, giving older Americans new ways to take advantage of their home equity. But the options can be confusing.
It may sound hard to believe, but one part of the mortgage market is hot: reverse mortgages. That’s giving older homeowners more options to tap the […]