Finance & Mortgage

Mortgage Delinquency Rate Falls in Third Quarter

Fewer homeowners were behind on mortgage payments in the third quarter as the housing market recovery made progress, data from an industry group showed on Thursday.

Bernanke: Housing Not Yet Out of the Woods

The improving housing market is "far from being out of the woods," Federal Reserve Chairman Ben Bernanke said on Thursday, arguing that overly tight lending standards are part of the problem.

BOFA Tallies $15.8 Billion in Mortgage Aid to Struggling Borrowers

About $15.8 billion in mortgage relief is making its way to 164,000 Bank of America Corp customers under a landmark settlement with state and federal officials, the bank said on Wednesday.