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A 15-Year Mortgage Can Save You $190K — If You Can Get It

One of the best ways to eliminate your mortgage debt is moving into a 15-year fixed-rate loan. With the average spread a full 1% compared to its 30-year mortgage counterpart, a 15-year mortgage can provide an increased rate of acceleration in paying off the biggest obligation of your life.

Mortgage deal monitor: Ocwen review may be flawed

WASHINGTON (AP) — The monitor overseeing a national mortgage settlement says an internal review of its compliance conducted by Ocwen Financial Corp., one of the biggest U.S. servicers of home loans, may not have provided accurate accounting.