About $5 billion worth of mortgages will be loaned out this year to those who have recently been through foreclosure, short sale or bankruptcy according to the Wall Street Journal.
Smaller, non-bank lenders have moved into this […]; . . . → Click Here to Read the Full Article
The ads on TV tell you that you never have to leave your house. “A lifetime of income,” says one. But it’s not totally true. If you fail to pay your home insurance or your property […]; . . . → Click Here to Read the Full Article
Those who lost homes in foreclosure are coming back into the market as credit ratings improve.
A foreclosure can ruin your credit and make it impossible for you to get a mortgage. But the report of a […]; . . . → Click Here to Read the Full Article
The two largest insurers of home loans, Fannie Mae and Freddie Mac, have decided to sell more of their delinquent mortgages to private investors willing to foreclose. At the same time they have set new rules […]; . . . → Click Here to Read the Full Article
The Wall Street Journal reports that, “Almost four of every 10 loans for autos, credit cards and personal borrowing in the U.S. went to subprime customers during the first 11 months of 2014…. That amounted to […]; . . . → Click Here to Read the Full Article
The Obama administration changed the rules for “Income Based Repayment” (IBR) of student debt in 2010 and more students have begun to take advantage of this system. Undergraduate students who elect this form of repayment can […]; . . . → Click Here to Read the Full Article
Most people do not shop around very much when they get a mortgage. In fact about half ask only one lender for a rate, and three quarters apply to only one lender.
This can cost you a […]; . . . → Click Here to Read the Full Article
The FHA, which insures mortgages with down payments of as little as 3.5% of the purchase price, has announced a cut in the annual premium from 1.35% to .85% “For a typical FHA borrower taking out […]; . . . → Click Here to Read the Full Article