Tag Archives: Mortgages
Mortgage rates loiter
Mortgage rates have been amazingly low lately. Whenever they linger below 5 percent, you’re seeing historically low mortgage rates.
They’ve been ratcheting up a little today. If your lender hasn’t raised rates an eighth of a percentage point, you’re ge… Continue reading
Foreclosing on a bank
How dare Warren and Maureen Nyerges foreclose on their bank branch?
You’ve probably read or seen the story by now: The Nyergeses paid cash in 2009 for a foreclosed house in Naples, Fla. They owned it free and clear. Four months after they bought the ho… Continue reading
No mortgages for the pregnant?
Who says you can’t have a baby and get a mortgage at the same time?
Some lenders and mortgage insurance companies do.
Federal law prohibits housing discrimination in sales, rental, and lending based on a person’s sex or familial status. According to HU… Continue reading
Tell your success story
We want to tell some post-crash real-estate success stories. Need some help.
Have you noticed that the real-estate crash is almost always written about as a bad thing? House prices have been falling for the past five or six years, and everyone acts lik… Continue reading
HAMP NPV website debuts
Two federal government agencies have unveiled a website that allows homeowners who are struggling with their mortgage payments to run their own net present value (NPV) tests.
These calculations, which use dozens of inputs to compute the NPV of a house … Continue reading
FHA requirements could change
House Republicans have proposed a bill to “strengthen FHA” by raising the minimum down payment for FHA loans from 3.5 percent to 5 percent.
They also want to prohibit FHA borrowers from financing their closing costs and to lower the limits on FHA loans… Continue reading
Loan fraud task force created
Victims of mortgage scams have a new cop on the beat in California.
The U.S. Department of Justice and California Attorney General’s office have teamed up to create a joint mortgage fraud task force of 25 attorneys and investigators who will monitor, i… Continue reading
Feds offer online HAMP calculator
Why were you turned down for a HAMP modification?
That’s the question that the U.S. Treasury aims to answer with an online calculator that was posted yesterday. It also can help answer the question: Will I be approved for a HAMP mod?
The calculator can… Continue reading