Mortgage Loan Network

The number of people who are losing their homes because they cannot meet rising mortgage bills is set to double this year, experts said yesterday.

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Two of the largest mortgage lenders based in the Philadelphia region are now one.

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If there’s a lesson for homeowners trying to avoid foreclosure, it is this: Be patient, don’t take mortgage servicers’ actions personally, and be ready to send paperwork multiple times.

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Mortgage rates went down a bit this week, with the 30-year fixed at 6.13 percent.

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Each week, Bankrate.com surveys experts to gauge which way interest rates are headed on mortgages—a vital tool if you’re about to buy a home.

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Rates on 30-year mortgages edged down this week but remained above 6 percent.

I’ll admit it: When home prices were soaring in my neighborhood, it made me feel really smart.

The nation’s capital is proud of its miles of wonderful waterfront parks. For locals and tourists, waterfront cafes can be just as wonderful.

A legal brawl is breaking out over how homes are appraised, at what cost and by whom. The outcome could directly affect how much you pay for your next piece of real estate and how much money you can borrow.

Last week, I discussed what I see as a serious weakness in the way the mortgage system deals with default risk. Essentially, interest rate risk premiums collected from borrowers that are not needed to meet current losses are paid as income to investors and not reserved to meet future losses.