A MetLife sign shows the company's logo. (credit: Mario Tama/Getty Images)

MetLife Closing Mortgage Unit & Cutting Jobs

Life insurance company MetLife has announced that it is closing its mortgage operation. Over 4,000 workers are expected to lose their jobs nationwide.


Texas Governor Rick Perry speaks during the 2011 Republican Leadership Conference on June 18, 2011 in New Orleans, Louisiana. (credit: Justin Sullivan/Getty Images)

Perry Bet Big On Tax Grants To Subprime Lenders

Governor Rick Perry spent millions to lure the nation’s leading mortgage companies to expand business in his state. But the plan backfired.


A bank owned sign is seen in front of a foreclosed home. (credit: Joe Raedle/Getty Images)

Local Homeowners Flock To Event For Mortgage Help

North Texans, struggling to make mortgage payments, have a chance to save their dream. The Save the Dream Event” began Thursday at the Dallas Convention Center — aimed at helping homeowners cut through mortgage red tape.


The headquarters of Fannie Mae are seen October 21, 2010 in Washington, DC. (credit: Win McNamee/Getty Images)

Dallas Congressman Wants To ‘Wind Down” Fannie Mae & Freddie Mac

A North Texas Congressman’s push to put an end to Fannie Mae and Freddie Mac is gaining support in Washington.


States' probe of foreclosures could force reforms

A joint investigation by every state and the District of Columbia could force mortgage companies to settle allegations that they used flawed documents to foreclose on hundreds of thousands of homeowners.


GMAC Mortgage Expands Review of Foreclosures

Amid growing inquiries by law enforcement into dubious paperwork by home lenders, one of the nation’s largest, GMAC Mortgage, said Tuesday that it was expanding its review of foreclosures to all 50 states.


Foreclosure Freeze Doesn’t Affect Everyone

If you are in the middle of a foreclosure proceeding now is not the time to relax about it.


State Suing Credit Card Companies and Investigating Mortgage Companies

The state is involved with that national lawsuit over allowing merchants to offer alternate payment information or even discounts to people who don’t use high fee credit cards to pay their bills. 


Fed Talks of Further Stimulus Action

Federal Reserve officials signaled at their August meeting that they would consider going beyond a modest program to purchase government debt if necessary to boost the economy.


Local Mortgage Company Sued By Attorney General

The Attorney General’s office is taking Coppell-based American Home Mortgage Servicing to court.


Mortgage Applications Rise After Rates Fall

Applications for mortgages rose last week as consumers refinanced their loans at the lowest rates in more than 50 years.