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
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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 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 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 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 |
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