finance

WASHINGTON (AP) -- Fannie Mae said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March quarter. By MARCY...

LOS ANGELES (AP) -- Fewer U.S. homes entered the foreclosure process or were repossessed by lenders last month, the latest indication that the nation's foreclosure woes are waning. By ALEX...

LOS ANGELES (AP) -- The number of U.S. homes repossessed by lenders last month fell to the lowest level in more than five years, the latest evidence that the nation's...

BOSTON (AP) -- The frugality and investing discipline that the 2008 financial crisis imposed on Americans appear to have led to permanent changes in behavior on money matters, according to...

WASHINGTON (AP) -- Mortgage giant Fannie Mae earned $7.6 billion from October through December, the biggest quarterly profit in its history. The gain was driven by an improving housing market...

WASHINGTON (AP) -- Average U.S. rates on fixed mortgages edged up this week but remained near historic lows. Low rates have helped drive the housing market's steady recovery. By MARCY...

LOS ANGELES (AP) -- While the nation's foreclosure woes persist, new data show they're easing amid a resurgent housing market, rising home prices and efforts by some states to buy...

WASHINGTON (AP) -- The average U.S. rate on the 30-year fixed mortgage was unchanged for a second week, remaining near historic lows. The average rate on the 15-year mortgage also...

LOS ANGELES (AP) -- Lenders took possession of fewer U.S. homes in 2012 than a year earlier, as the pace of new homes entering the path to foreclosure slowed and...

MEMPHIS, Tenn. (AP) — The U.S. Department of Agriculture has created a new loan program to help small farmers, including growers who want to take advantage of the soaring interest...

WASHINGTON (AP) -- Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out. The rules...

By Susan Estrich I will never forget the day I went over to the loan office that used to be at Harvard’s Holyoke Center and gave them my last student...