US govt's multibillion-dollar bailout of Citigroup Inc requires the giant financial services company to lower loan rates for struggling hom...

Major banks are stepping up their efforts to curtail losses from souring mortgages, with Citigroup Inc. becoming the latest institution to ...

Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers. 2008...

Citigroup says it is imposing a moratorium on most foreclosures as part of a series of initiatives aimed at helping at-risk borrowers remai...

Bank of America Corp subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes.

Reported incidents of mortgage fraud jumped 42 percent nationwide, with Florida reporting the highest number of cases, according to industr...

US foreclosure filings more than doubled in the second quarter from a year earlier as falling home prices left borrowers owing more on mort...

Confronted by record foreclosures, the Federal Reserve is ready to give US home buyers more protection from the types of shady lending prac...

Beleaguered consumer bank Wachovia Corp said on Monday it will quit offering a mortgage payment option that allows borrowers to pay less ea...

More US homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65% versus the same month...

Bank of America Corp said on Monday that, as part of its acquisition of Countrywide Financial Corp it expects to modify at least $40 billio...

Financial, the largest US mortgage lender, is under investigation by the Federal Bureau of Investigation (FBI) for possible securities frau...

The 3-year housing slump is pushing home values down in the US, even as more than 30% of borrowers with subprime-adjustable rate mortgages ...

An escalating mortgage crisis will push another 1.4 million US homes into foreclosure and drive nationwide property values lower by 7% next...

Countrywide Financial, the US’s largest mortgage lender, said it will begin calling borrowers to offer refinancing or modifications on $16 ...

Banks are picking up the baton from the Federal Reserve, restricting access to credit months after chairman Ben S. Bernanke stopped raising...

Parsec Loans, as part of Parsec Interact Inc, a US Corporation focused on the mortgage Industry in the US, recently concluded a funding arr...