Category Archives: Mortgages
People are on the road again
In a positive sign for home sales, more people are relocating. Continue reading
CFPB chief touts mortgage rule
The head of the CFPB explains and defends the new ability-to-repay rule at a hearing in Baltimore. Continue reading
CFPB adopts ability-to-repay rule
The CFPB’s new mortgage rule will help determine which borrowers will get approved for a mortgage. Continue reading
Foreclosure review deal: Helpful?
What does the $8.5 billion foreclosure review settlement mean to borrowers? Continue reading
BofA settles with Fannie Mae
The long-running disagreement is finally being resolved. Continue reading
Jobs, the Fed and your mortgage rate
The jobs market held steady in December even as Congress wrangled over tax increases and spending cuts. Continue reading
Tax break for underwater homeowners
A key tax break for underwater homeowners considering short sale was extended as part of Congress’s fiscal cliff deal. The Mortgage Forgiveness Debt Relief Act, which was signed into law in 2007, exempts homeowners from having to pay federal taxes on… Continue reading
Housing won’t fall off cliff
The housing market still faces headwinds with the upcoming national debt limit debates. Continue reading
For homebuyers, bigger is better
After stagnating during the housing bust, McMansions are in demand again. Continue reading
Another mortgage settlement?
The deadline to apply for a foreclosure review coincides with reports that regulators are negotiating a multibillion-dollar settlement. Continue reading