A Southern California couple is sharing a warning to other potential homebuyers after they said they fell victim to a mortgage fraud scheme that nearly cost them hundreds of thousands of dollars.
The anticipated interest rate cuts would deliver relief for many consumers -- but not all of them.
A Carson couple may lose their home over a "zombie mortgage" - or a loan they had been told was written off years ago.
Financial experts worry there are thousands of these so-called "zombie mortgages" handled by many different companies, and homeowners might not be aware of the consequences.
A foundation has paid off the mortgages for the families of two El Monte officers who were killed on duty.
The changes are part of a Biden Administration rule intended to provide equitable access to homeownership, but first-time homebuyers with high credit scores would pay more under this new rule.