How to protect yourself from mortgage brokers who want your money.

About 60% of all mortgage loans go through mortgage brokers and most buyers think the broker’s job is to represent them in finding the best deal at a good company. In most states, this [...]; . . . → Click Here to Read the Full Article

Are standards getting higher for standard mortgage loans?

On page A2 of the May 15th Wall Street Journal, an article on mortgage standards starts with this: “While tightening lending standards for home buyers with weak credit records, US banks aren’t raising the bar [...]; . . . → Click Here to Read the Full Article

How lenders take advantage of lower income people with mortgage and car loans

Business Week recently reported that a growing range of US businesses are selling high-priced products to people who cannot afford them. Not wanting to be left out of the good times, lenders have joined the [...]; . . . → Click Here to Read the Full Article

Auction sales, vacant homes, signs of distressed housing market.

Usually when a bank takes over a house in foreclosure they give it to a real estate dealer to sell. But, according to the Wall Street Journal, a growing backlog of homes from foreclosures has [...]; . . . → Click Here to Read the Full Article

Banks beginning to expand mortgage loans to undocumented immigrants

Getting a mortage has been tricky for undocumented immigrants. Most banks want mortgagees to be citizens and have a valid social secuirty number. This forces immigrants to lie about these things, which is easy [...]; . . . → Click Here to Read the Full Article