Tenants refuse to pay new owners of foreclosure property

Q. We purchased a foreclosure property. The tenants have not paid rent for the past 18 months while the bank was the owner. The tenants claim that because the rent was owed to the bank, only the...

Is lender being upfront about fee?

Q. On July 30, I had settlement on the purchase of my first home. It was an FHA mortgage and the mortgage insurance premium (MIP) was financed. The upfront fee was approximately $5,500 and the monthly...

Mortgage rates on 30-year fixed loans soar above 5%

The average rate on a 30-year mortgage zoomed past 5% this week, reaching the highest level in nine months.

New reverse mortgage hits the market

If you're shopping for a reverse mortgage, you have a new choice to mull over. The federal government has expanded its Home Equity Conversion Mortgage, or HECM, to include a product with a smaller...