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17 December 2013
There's a big jump in mortgage fees coming this spring and it's headed straight for borrowers with good credit.
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14 December 2013
Changes at the top of federal bureaucracies often seem to have little effect on the average person.But this week's confirmation of former U.S.Rep.
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6 December 2013
New mortgage rules taking effect next month won't change anything on homeowner's current mortgages and it won't prevent borrowers from taking out home loans with debt-to-income ratios above 43 percent, despite widespread claims to the contrary.
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26 November 2013
What's the difference between getting prequalified and preapproved for a mortgage? If you're planning to buy a home, you may have been told you should do one or the other, but be aware that they are not the same thing.
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22 November 2013
Mortgage borrowers will be getting simplified and more streamlined disclosures spelling out the terms of their loans, now that the new forms have been finalized by the Consumer Financial Protection Bureau (CFPB).
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20 November 2013
Home purchase mortgages are expected to outnumber refinances next year for the first time since the turn of the century, according to a new forecast from Freddie Mac.
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29 October 2013
Mortgage lending for home purchases is expected to increase by 9 percent next year, but overall lending is still expected to be down by nearly a third due to a continuing decline in refinance activity.
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28 October 2013
You don't hear much about toxic mortgages these days, as lenders have learned all too well the hazards of steering borrowers into home loans they can't handle.
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21 October 2013
The days of fogging up a mirror to get a home loan are over, but one remnant of that era of only five years ago will soon be gone: interest-only loans.
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15 October 2013
Proving your income is a basic part of applying for a mortgage.But there's more to it than just handing over a couple of paystubs.
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11 October 2013
Housing and mortgage industry trade groups are banding together to press the Federal Housing Finance Agency (FHFA) to hold off on its plans to reduce the size of mortgages that can be approved by Fannie Mae and Freddie Mac.
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9 October 2013
Mortgages became a bit harder to qualify for in September, as lenders cut back on certain loan offerings, according to figures released today by the Mortgage Bankers Association (MBA).
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2 October 2013
The FHA and VA are still processing mortgages, but an inability to get critical information from other federal agencies could throw a wrench into mortgage applications across the board during the government shutdown.
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10 September 2013
The number of homes with underwater mortgages dropped sharply in the second quarter of the year, thanks to increasing home values, according to a new report.
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6 September 2013
Crushing debt, lost jobs and slower city services such as police response times are all indicative of financially troubled, and sometimes bankrupt, cities.But they shouldn't prevent new home buyers from getting a home loan and moving in, some borrowers and lenders say.
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30 August 2013
Shopping for a mortgage can be confusing.Borrowers have to sort through a mix of interest rates, fees, points and all the rest to try to figure out what's the best deal.
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9 August 2013
Mortgage delinquencies have fallen to pre-recession levels, while the rate of new foreclosures is at its lowest level in more than six years, according to new figures from the Mortgage Bankers Association (MBA).
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8 August 2013
Mortgage rates held steady this week as mixed employment reports generated uncertainty over the direction of the economy.
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6 August 2013
Thirty-year mortgages will still be around, but will likely be a bit more expensive under the proposal President Obama laid out today for replacing Fannie Mae and Freddie Mac.
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15 July 2013
Being self-employed has its benefits, such as flexible work hours and being your own boss.It has downsides too, including unpaid vacations, no paid sick days and one that the self-employed might not think about: buying a home.
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