mortgages

Americans are buying more homes and at higher prices, yet new data shows that mortgage debt is little changed.

Nearly 15 percent of homes in New Jersey are considered seriously underwater, meaning the owner owes at least 25 percent more than their property is worth, according to a new report from RealtyTrac.

Average long-term U.S. mortgage rates barely moved this week, remaining close to historically low levels as the spring home-buying season gets underway.

WASHINGTON (AP) -- First-time homebuyers who obtain government-backed loans would benefit from an Obama administration move to lower mortgage insurance premiums.

New lower down payments and borrowing rules are easing for first time home buyers in the U.S.

A new report finds better than one in 10 New Jersey residential mortgages are in jeopardy right now.

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.

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.

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.

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