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).
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.
When you buy a home as an unmarried couple, getting approved for the mortgage is only half the challenge.You also want to be sure to set up the ownership and financial arrangements so that the interests of both partners are protected.
Getting a mortgage and buying a home offers some significant challenges for two unmarried people that traditional couples don't face.Some of those have to do with getting the loan itself; others have to do with protecting yourself in case the loan or the relationship goes sour.
The number of homes in foreclosure is on the rise but that doesn't mean more homeowners are falling into financial difficulty, according to figures released today by the foreclosure tracking firm RealtyTrac.
Homeowners who have fallen behind on their Fannie Mae or Freddie Mac mortgages will be eligible for a new, simplified loan modification program beginning the summer, the Federal Housing Finance Agency (FHFA) has announced.
Qualifying for a mortgage loan or refinance with bad credit is a lot harder than it used to be.Given that widespread defaults on subprime mortgages triggered the financial meltdown of a few years ago, lenders have become much more cautious about who they'll extend credit to.