Northern Rock has reduced rates by up to 0.18% on its Intermediary Exclusive product range.

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Northern Rock improves broker exclusives

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New homeowners from Wood River were recognized on Wednesday after they received the $1 billionth in home loans through the USDA Rural Development program in Nebraska.

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USDA Rural Development surpasses $1 billion in home loans

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Australians securing mortgages are borrowing less as house prices ease, further entrenching a culture of reducing debt.

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Australians borrowing less on mortgages

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NEW YORK – Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky, even if the borrowers have not asked, the New York Times reported on Sunday.

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Banks cutting principal on some mortgages: NYT

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Rates on 5-year adjustable-rate mortgages hit a record low this week, dropping to 3.22%, according to Freddie Mac’s weekly survey of conforming mortgage rates.

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Mortgages: Rates on 5-year ARM fall to record low

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The nations banks are holding a much higher rate of defaulted mortgages on their books than mortgage giants Fannie Mae and Freddie Mac, according to a report released Wednesday by the Office of the Comptroller of the Currency.

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Report: Troubled Mortgages Still Plague Banks

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Reverse mortgages allow a senior — defined as someone older than 62 years old — to borrow against the equity in their home and postpone repayment until they move, sell or pass away.

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Liza Horvath, Senior Advocate: The value of reverse mortgages

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Rates on the 30-year fixed-rate mortgage held steady at 4.5% this week, and other mortgage types changed very little, according to Freddie Mac’s weekly survey of conforming mortgage rates, released on Thursday.

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Mortgages: Rates on 30-year fixed-rate mortgage holds at 4.5%

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The number of mortgages issued for Spanish homes in April registered a drop unseen since the end of the housing boom, confirming the weakness of a real-estate market that is penalizing the country’s banks and growth.

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Spanish Mortgages Decline at the Fastest Rate Since the Housing Boom Ended

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Popular during the housing boom, more borrowers are wading back into adjustable-rate mortgages.

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Borrowers Wade Back Into Adjustable-Rate Mortgages

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