mortgages

Troops and veterans sometimes are hurt by misconceptions about VA mortgages, or they encounter sellers who don't want their home to go through a VA appraisal.

The bank's mortgage-lending arm agreed to pay up to $320 million to resolve allegations that it bungled applications for the federal Home Affordable Modification Program.

Private equity firms have been snapping up properties in many areas hit hard by the recession. Some analysts worry that those bulk purchases will leave middle-class buyers out in the cold.

The average cost to close on a $200,000 mortgage is $3,754, according to Bankrate.com. But in Florida, homebuyers can expect to shell out a few hundred…