Tag Archives: news
FHA loans will cost less
Mortgages for borrowers with low down payment will soon cost less. Continue reading
Bullish jobs report bad for rates?
The employment report released this morning is great news for the economy but not so much for mortgage borrowers. Continue reading
Cautious BofA heeds history
Remember the wise decision that Bank of America made in August 2001 in light of the decision it’s making now. Continue reading
Send letter; cancel 3-year-old loan?
When a lender makes a paperwork error, is justice served by forcing the lender to cancel the loan three years later? Continue reading
Bernanke rejected for mortgage refi
Former Fed Chairman Ben Bernanke recently admitted he was rejected for a refinance on his Washington, D.C., home. What does that say about the mortgage market? Continue reading
Lame jobs report great for borrowers
The August employment report was a disaster, but that’s good news for those looking to get a mortgage. Continue reading
Mortgage servicers get better
Consumers are more satisfied with the service they are getting from their mortgage servicers this year, according to a recent survey. Continue reading
Borrowers get $2.5B from Citi
About $2.5 billion of Citi’s $7 billion settlement will go to consumers Continue reading
Will boom-era HELOCs go splat?
Regulatory agencies believed it was necessary to alert banks that some of their customers will soon have trouble paying off their HELOCs. Continue reading
Oh, great, a good jobs report
What’s good for job-seekers is bad for mortgage shoppers. So today’s positive employment report is negative news for people who didn’t lock a mortgage rate earlier in the week. Continue reading