Tag Archives: mortgage
CFPB slaps Flagstar Bank with $37.5M fine
The Michigan-based bank is paying the price for breaking the CFPB’s new mortgage-servicing rules. Continue reading
Rent payments can help you get mortgage
Renters who want to become homeowners may improve their chances of getting a mortgage when their rent payments are reported to the credit bureaus, shows a recent study. Continue reading
SunTrust will pay millions to consumers
SunTrust has reached a huge settlement with regulators. What’s in it for you? Continue reading
Buy or rent? Both are too expensive
Rates may be low but majority of Americans say housing remains unaffordable. Continue reading
Remember to budget for PMI
The majority of homebuyers end up with higher-than-expected monthly mortgage payments because of private mortgage insurance premiums. Continue reading
Higher debt, fewer delinquencies
Mortgage debt is driving an increase in total household obligations, but more are paying on time. Continue reading
Is reverse mortgage a good deal?
Seniors with home equity need to be sure of their motives before getting a reverse mortgage. Continue reading
Climbing cost of homeownership
The average cost to own a home is up more than 20 percent across the country. Continue reading
Watchdog wants more to bark at
The Consumer Financial Protection Bureau wants lenders to share more information about the loans they make. Continue reading
Bipolar jobs report might help homebuyers
The puzzling December jobs report may bring some good news to homebuyers and homeowners seeking to get a low mortgage rate. Continue reading