Tag Archives: mortgage
Death of the American dream?
Once the benchmark of personal success, the American dream of homeownership is waning as more would-be homeowners are choosing to rent, according to a report by Morgan Stanley.
U.S. homeownership has fallen below 60 percent, to 59.7 percent, not includ… Continue reading
Loan forms to be re-redesigned
Mortgage loan disclosure forms are notoriously complicated and difficult for borrowers to understand, despite the fact that these miserable pieces of paper have been debated, analyzed, focus-grouped, revised and reimagined to the “nth” degree in recent… Continue reading
New bill for short sales
A new bill that would give lenders 45 days to respond to short sale requests was introduced in the in the U.S. House this week.
If passed into law, the Prompt Decision for Qualification of Short Sale Act of 2011, would “require the lender or servicer o… Continue reading
Can you put down 20 percent?
Should homebuyers be required to make a down payment of at least 20 percent of a home’s purchase price to qualify for a mortgage?
That’s a question some Bankrate readers tackled when presented with the prospect of such a requirement on certain loans t… Continue reading
Are mortgages out of style?
Realty brokers are quick to observe that in today’s housing markets, “Cash is king.”
In fact, given the rise in the proportion of all-cash home purchases, it might be fair to say cash is not only king, but the whole royal family.
During the housing boo… Continue reading