The homeownership rate fell to its lowest point in more than 20 years in the final quarter of 2014.
According to the Supreme Court, you can rescind, or cancel, the mortgage any time within three years. All you have to do is send a letter to the lender.
In this podcast, Bankrate’s Washington bureau chief, Mark Hamrick, talks with his guests about where the economy is headed and how we should prepare.
Remember the wise decision that Bank of America made in August 2001 in light of the decision it’s making now.
When policymakers and pundits talk about home affordability, they usually discuss mortgage interest rates and student loan debt. But the underlying problem is slow wage growth.
When a lender makes a paperwork error, is justice served by forcing the lender to cancel the loan three years later?
The homeownership rate keeps sinking. Now it’s at its lowest level since 1994.
Mortgage rates are influenced by bond prices, and when bond prices go up, yields and interest rates go down. But why? Here’s a brief, simplified explanation.
A bunch of agencies are trying to expand the number of would-be homeowners who can qualify for mortgages. But I’m skeptical that these efforts will help many people.
I have an idea: Let’s set up a network of mortgage inspectors.