Clik here to view.
Homeowner Tax Deductions Are a Way Out of This Financial Crisis
There are many ways to lessen the financial crunch. Tax deductions on your home mortgage like mortgage interest, points and property taxes are just a few.
View ArticleClik here to view.
The End of Tax Credit for First Time Home Buyers
The first time home buyers tax credit is now over. How will this affect the Housing Market, as well as getting mortgage loans?
View ArticleClik here to view.
Rising Home Loan Mortgage Delinquencies Forecast Lower Home Prices
Home loan mortgage delinquencies and defaults on the rise, forecasting lower home prices
View ArticleClik here to view.
Lender Options for a Home Loan Mortgage
Home loan mortgage lender options include a mortgage broker, credit union, mortgage bank, national bank, savings association...
View ArticleClik here to view.
After Being Ordered to Delist, Fannie Mae and Freddie Mac Stocks Drop
After being ordered to delist from the NYSE by the Federal Finance Housing Authority, Fannie Mae and Freddie Mac stocks have dropped significantly.
View ArticleClik here to view.
North Carolina Company Offers Help to Seniors with Mortgage Problems
A credit counseling service based in Greensboro, North Carolina is offering assistance to senior citizens experiencing mortgage problems.
View ArticleClik here to view.
The Truth Behind Late Mortgage Payments: How Being Behind on Payments Can...
If you fall behind on your monthly mortgage payments it is important to know the consequences. Equally important is learning techniques to managing money so that you can avoid repossession.
View ArticleClik here to view.
Obama Administration Establishes Plan to Renegotiate Mortgage Rates
In 2009 the Obama Administration passed the Financial Stability plan to confront and combat the credit crisis that was threatening to topple to U.S. economy. Part of the plan, the Home Affordable...
View ArticleClik here to view.
Mass Foreclosures Cause Bottle Neck between Banks and U.S. Courts
Still feeling the effects of the mortgage crisis, banks have been using shady techniques to pass foreclosure paperwork through the system. Foreclosure proceedings have been put on hold until the review...
View ArticleClik here to view.
Countrywide Financial adds to Bank of America’s Foreclosure Debacle
The Foreclosure Crisis has taken another twist as it was discovered during a bankruptcy hearing that Countrywide Financial, formerly one of the nations largest mortgage originators, never passed on...
View ArticleClik here to view.
Allstate Sues Countrywide Financial over Mortgage Security Scandal
Allstate Corp. has decided to sue Bank of America and Countrywide Financial over $700 million in residential mortgage backed securities that dramatically depreciated in value in 2008.
View ArticleClik here to view.
Mortgage Crisis Loosens Housing Industry Ties with GOP
As Republicans push to scale back government backing of home mortgages, industry execs fervently reiterate their beliefs that the government needs to have a permanent role in guaranteeing home loan...
View ArticleClik here to view.
Rising Mortgage Rates Show the Economy is Stabilizing
According to Freddie Mac’s weekly survey of mortgage rates, the encouraging economic competence has been paralleled by a rise in 30-year home loan interest rates, which are averaging over 5% for the...
View ArticleClik here to view.
Dropping Home Values has some Borrowing from 401K
Instead of taking out a reverse mortgage many people have been withdrawing from their 401k to pay off bills and expenses. This practice could have dire questions and cost you thousands of dollars...
View ArticleClik here to view.
Fed Aims to Establish Minimum Standards for Mortgage Lending
In accordance with the Dodd-Frank the Federal Reserve has begun the process of drafting a set of minimum requirements for responsible mortgage lending.
View ArticleClik here to view.
New Disclosure Form to Simplify Mortgage Search
What is the new Disclosure Form? And how will it simplify your search for a mortgage?
View ArticleClik here to view.
Millions of Homeowners Still Delinquent on Mortgages
The housing market is still in shambles due to the glut of foreclosure homes on the market. With homes available at such bargain prices, buyers are not interested in new homes, thus affecting the...
View ArticleClik here to view.
More Mortgage Help for Unemployed Homeowners
Unemployed homeowners whose loans are backed by the FHA will now be granted twelve months of forbearance, if they qualify. At the end of the grace period, borrowers will still have to pay the full...
View ArticleClik here to view.
Thirty-Year Mortgage Rates Dropping to Record Lows
According to a survey performed by mortgage originator Freddie Mac, after months on the up swing, 30-year fixed mortgage rates fell to 4.32% this week, the lowest they have been since last November...
View ArticleClik here to view.
SEC Nearing Decision on Freddie Mac and Fannie Mae
The Securities and Exchange Commission is finalizing their investigation and settlement concerning Freddie and Fannie’s knowledge of their involvement in the mortgage meltdown of the late 2000’s.
View ArticleClik here to view.
Consumer Protection Bureau to Look at Mortgage Lending First
The new U.S. Consumer Financial Protection Bureau has chosen to take a look into the mortgage industry as its first project.
View ArticleClik here to view.
FHFA to Expand Mortgage Refinancing Program
As the housing market continues to struggle, the Obama Administration and the FHFA are looking at new ways to help homeowners refinance their mortgages.
View ArticleClik here to view.
Government Fighting Housing Slump on Multiple Fronts
After many tepid attempts at boosting the housing market, the federal government is finally pulling out all the stops by instituting new policies through three different agencies.
View ArticleClik here to view.
NY AG Sues Banks over Foreclosure Mishaps
The debate in New Hampshire is a perfect example of why there is no simple solution to regulating payday loans. The answer is to find the right mix of checks and regulations to protect consumers while...
View ArticleClik here to view.
Bernanke Claims Economy won't recover without Improved Housing Market
During a speech to members of the housing industry in Orlando, Chairman of the Federal Reserve, Ben Bernanke, discussed the financial status of the housing industry and its impact on the overall economy.
View ArticleClik here to view.
Bank of America Strikes a Deal in Massive Flubbed Foreclosures Case
A group effort between federal investigators and the Attorney Generals’ offices of all 50 states has been investigating major U.S. Banks for their knowledge and participation in millions of botched...
View ArticleClik here to view.
CFPB Announces Guidelines for New Mortgage Rules
True to its purpose as outlined in the Dodd-Frank Wall Street Reform Act, the Consumer Financial Protection Bureau has announced its goals for writing new laws to help protect consumers who enter into...
View ArticleClik here to view.
Mortgage Assistance Programs Unceremoniously Scrapped
Without any announcement or explanation it seems that the director of the FHFA has changed his mind, ending pilot programs with CitiBank and Wells Fargo that would have explored the implications of a...
View ArticleClik here to view.
Virginia Court Rejects Mortgage Executive’s Appeal of Fraud Charges
Just last year Lee B. Farkas, owner and CEO of the now defunct Taylor, Bean and Whitaker Mortgage Corporation, was convicted on 14 charges of fraud and conspiracy for hiding over $3 billion in fake...
View ArticleClik here to view.
FHA to Maintain Lax Mortgage Lending Rules
FHA chooses to scrap new lending restrictions that would have excluded 1/3rd of their applicants.
View ArticleClik here to view.
San Fran Considers Using Eminent Domain to Help Underwater Homeowners
Creative thinking might bring some much-needed mortgage relief.
View ArticleClik here to view.
Dropping Mortgage Rates Result in an Increase in Refinancing
Dropping mortgage rates have been leading to an increase in the number of people refinancing their homes.
View ArticleClik here to view.
Dropping Mortgage Rates Result in an Increase in Refinancing
A weekly industry survey held by the Mortgage Bankers Association has determined that home loan interest rates have dropped.
View ArticleClik here to view.
CFPB Working to Simplify Mortgage Closing Process
The CFPB is working on creating one unified and simplified form to replace the old two-form system for closing new mortgage agreements.
View ArticleClik here to view.
Wells Fargo Sends Thousands of Mortgage Refunds
Without making any announcements, Wells Fargo has sent out refunds to thousands of homeowners who own FHA loans taken out between 2009 and 2011.
View ArticleClik here to view.
Mortgage Fraud Cases Plaguing the Southwest Finally Settled
A clash of legislation and regulation has allowed for injustice against Ohio consumers to perpetuate for 4 years.
View ArticleClik here to view.
6 Government Agencies Joining Forces to Fix Mortgage Lending
As part of the Obama Administration’s large-scale plan to fix flaws in the mortgage lending system that contributed to the mortgage crisis, six government agencies are teaming up to pass a rule forcing...
View ArticleClik here to view.
Low Home Costs and Mortgage Rates Help Spur Remodeling Industry
Thanks to rebounding home sales and low mortgage interest rates, the home improvement industry is expected to finally start picking up.
View ArticleClik here to view.
FHFA Pursues Swiss Bank UBS for Bad Mortgage-backed Securities
The Federal Housing Finance Agency is suing Swiss Bank UBS over $6.4 billion in low-quality mortgage-backed securities that the agency believes the bank sold knowingly.
View ArticleClik here to view.
Mortgage Market Changes May Come in 2013
Luckily, one of the few issues that both parties in Congress agree on is that the national mortgage market needs to be privately funded, if Congress can find ways to spark the private mortgage market...
View ArticleClik here to view.
National Foreclosure Settlement Pays off For Illinois
Thanks to the much-maligned National Foreclosure Settlement, over 25 thousand struggling Illinois homeowners have received some sort of help with their out-of-wack home loans.
View ArticleClik here to view.
The Upside Down Housing Market Flips the Fortune for Reverse Mortgages
Retirees whose savings have already been hard-hit by the economic collapse, are now seeing reverse mortgages turn from feast to famine as well.
View ArticleClik here to view.
Mortgage Refinancing Trend is Dying Down
The day after Fourth of July 2013 saw the biggest single-day increase to mortgage rates in the U.S. in the last ten years. Mortgage rate averages jumped almost an entire point on that one day, from...
View ArticleClik here to view.
Measure to Prevent Next Mortgage Disaster Postponed
Due to continuous criticism, federal mortgage regulators have agreed to relax a new requirement that will force banks to maintain a sharehold in sub-par mortgages they agree to.
View ArticleClik here to view.
FHA Reigning in Limits on Reverse Mortgages for Seniors
Taking drastic measures to cut losses, the FHA has revamped their reverse mortgage system in order to make the process more selective.
View ArticleClik here to view.
Add 5 Billion to JP Morgan Mortgage Settlement Tab
Not two years after agreeing to pay over $5 billion for their role in the mortgage market collapse, JP Morgan Chase is back in hot water with the U.S Government. This time the total will add up to over...
View ArticleClik here to view.
Average Mortgage Rate Increase Shows Signs of Economic Strength
Economic signs pointing positively as 30-year mortgage rate starts to rise.
View ArticleClik here to view.
Thirty-Year Mortgage Rates Could Top 5 Percent by 2015
After over a year of teetering around all-time lows, the 30-year mortgage rate has skyrocketed, signifying good news for the national economy, and wary news for prospective home buyers.
View ArticleClik here to view.
Wells Fargo Plans to Keep More Mortgages on the Books
In order to compete in the sub-prime mortgage market, while avoiding further troubles with the feds, Wells Fargo is training 400 new loan underwriters and plans to keep more mortgages in their...
View ArticleClik here to view.
Number of Mortgages in Trouble back to Prerecession Norms
After eight years of mortgage industry chaos, the foreclosures, defaults, and troubled loans are back down to prerecession levels.
View Article
