Thanks to a set of new federal rules doled out earlier this week, it has now become a bit more difficult to obtain a reverse mortgage on your home. The good news, however, is that for those who do get them, they will have a lot less to worry about. According to the new regulations, potential…

As mortgage interest rates continue to remain at historic lows, potential homebuyers are loving it and the financial sector is hating it. “There's virtually nothing in the financial services area that's benefiting from continued lower and lower rates," Barclays CEO Bob Diamond said at the Milken Conference in Los Angeles on Monday. “[We are] rooting for…

According to a report released by HSH, San Francisco is the most expensive city in the United States for home buyers. San Francisco homes have a median home price of $679,000 with median monthly payments of $3,199.69. The report calculates that a person would need to make at least $137,129.55 per year to live in San Francisco. Second on…

According to a survey done by the Federal Reserve Bank of New York, American household debt has increased for the third straight quarter. The report on household debt and credit revealed that mortgages have dropped to the lowest level since last year. Continue to original source