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The Bank of America reached a $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. (AP Photo/Matt Rourke, File)
The Bank of America reached a $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis. (AP Photo/Matt Rourke, File)
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Justice Dept. announces $17B settlement with Bank of America

WASHINGTON (AP) -- The Justice Department has announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis.

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Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis. The agreement announced Monday, July 14, 2014.  (AP Photo/Kiichiro Sato, File)
Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis. The agreement announced Monday, July 14, 2014. (AP Photo/Kiichiro Sato, File)
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Citigroup to pay $7B in subprime mortgage probe

WASHINGTON (AP) -- Citigroup announced Monday that it will pay roughly $7 billion to settle a federal investigation into risky subprime mortgages, the type that helped bring on the financial crisis.

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Sun sets behind the Fannie Mae headquarters in Washington. (AP Photo/J. David Ake)
Sun sets behind the Fannie Mae headquarters in Washington. (AP Photo/J. David Ake)
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US weighs lawsuits on alleged insurance kickbacks

WASHINGTON (AP) -- The government is considering suing banks and other mortgage servicers over alleged insurance kickbacks that may have cost government-controlled mortgage companies Fannie Mae and Freddie Mac hundreds of millions, according to an internal federal report.

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house, picket fence
Jupiter Images, ThinkStock
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NJ Homes are Drowning [AUDIO]

Nearly 20 percent of all residential properties with a mortgage in New Jersey are considered "seriously underwater" financially, according to housing data site RealtyTrac.

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Foreclosure
Spencer Platt, Getty Images
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Mortgage Delinquencies High, Home Prices Slow to Rise [AUDIO]

New Jersey's housing industry is still struggling in several key areas. We are dragging our feet in terms of home price increases, and mortgage delinquencies are still too high.

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cash
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Fewer NJ Homeowners ‘Underwater’ on Mortgages

Home prices continue to rise and the increase is helping to lift more U.S. homeowners out of underwater territory on their mortgages, according to a new report by CoreLogic.

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House Sold
Justin Sullivan, Getty Images
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Mortgage Closing Costs on the Rise [AUDIO]

If you're buying a new home or refinancing, mortgage closings costs are up six percent over the past year to an average of $2,402 nationally on a $200,000 loan.

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NJ Residents Still Struggling With Housing Market Problems

Many families throughout the Garden State are still struggling in the current housing markets says Congressman Jon Runyan. This Saturday, the Representative from New Jersey host his 2nd annual Burlington County housing expo at the Kennedy Center in Willingboro.

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Housing Construction
Justin Sullivan, Getty Images
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How Much Do You Know About Mortgages? [AUDIO]

The housing market is beginning to heat up and as house hunters go door-to-door, many of them are completely unprepared to strike.

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Phillip Spears, Getty Images
Phillip Spears, Getty Images
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Over 73,000 Homeowners Conned By Fraud Schemes, Feds Say

Federal investigators have charged 530 people for allegedly defrauding more than 73,000 desperate homeowners around the country who fell behind on mortgage payments, leaving them vulnerable to con artists offering to help them avoid foreclosure.

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