FHA loan approval was revoked for two lenders in several markets after defaults spiked, with possible reinstatement after six months.

The Center for Responsible Lending (CRL) said that high foreclosure rates on sub-prime loans have resulted in a net loss of homeownership since 1998, directly contradicting claims by the mortgage ...

The share of consumers taking out the riskiest form of loans has reached its highest peak this decade, a sign of growing financial stress for many Americans. The share of consumers taking on subprime ...

Since the housing crisis began over a decade ago, subprime mortgage loans basically disappeared – thanks to regulatory actions from government and self-preservation for both lenders and borrowers. The ...