Tag Archives: mortgage
FHA for high-income borrowers
Did you know that about 90 percent of FHA borrowers have scores in the 700 to 800 range? Continue reading
Mortgage delinquencies drop
Banks are initiating with fewer foreclosures, but still struggling with a backlog. Continue reading
Who gets Fannie Mae’s profit?
Fannie Mae and Freddie Mac are finally turning a profit. So will homeowners benefit?
BofA’s mortgage giveaway
If your mortgage is owned by Bank of America, you may get a pleasant surprise in the mail in the next few days. Continue reading
Give up newborn for a loan?
Companies can’t force parents to give up maternity leave in order to obtain a mortgage loan. Obvious no? Not to this company. Continue reading
Terrible jobs report
The jobs report for April was disappointing, at best. The silver lining: it will help keep mortgage rates at or near record lows this week. Continue reading
The forgiveness brawl
Fannie Mae could have saved taxpayers “significant amounts of money” if it had implemented a loan forgiveness program in 2010, according to internal documents obtained by democratic lawmakers. Continue reading
Homeownership hits new low
Despite low mortgage rates and home prices, the first quarter of this year saw the rate of homeownership fall … Continue reading
What bankers really think
Is it getting easier to get a mortgage? Are banks offering underwater borrowers a chance to refinance? The Federal Reserve asked banks across the country to answer some of these questions. Here is what they said. Continue reading
Short sales in 30 days?
More than four years into the housing crisis, here are new rules to make the short sale process easier and speedier. Continue reading