Personal Finance Advice and Commentary

Tuesday, October 14, 2014 10:58 am
By Holden Lewis · Bankrate.com

I have an idea: Let’s set up a network of mortgage inspectors.

Tags: Mortgages
Thursday, October 09, 2014 5:23 pm
By Holden Lewis · Bankrate.com

In 10 months, it’s going to be easier to shop for a mortgage. And those intervening 10 months aren’t going to be easy at all for mortgage companies.

Tags: No Tags Assigned
Tuesday, October 07, 2014 4:51 pm
By Holden Lewis · Bankrate.com

Beginning Aug. 1, 2015, the Good Faith Estimate and Truth in Lending statement will be replaced by one brand-new document called the Loan Estimate. The new disclosure is a big improvement.

Wednesday, September 17, 2014 11:09 am
By Holden Lewis · Bankrate.com

The new housing secretary delivered his first major speech since taking office. What’s his top priority? He doesn’t say.

Tags: No Tags Assigned
Tuesday, July 08, 2014 5:14 pm
By Holden Lewis · Bankrate.com

Regulatory agencies believed it was necessary to alert banks that some of their customers will soon have trouble paying off their HELOCs.

Tags: HELOCs, news
Thursday, July 03, 2014 10:28 am
By Holden Lewis · Bankrate.com

What’s good for job-seekers is bad for mortgage shoppers. So today’s positive employment report is negative news for people who didn’t lock a mortgage rate earlier in the week.

Tuesday, June 24, 2014 11:40 am
By Holden Lewis · Bankrate.com

It’s the confusing time of the month, when corporations, lobbyists and federal regulators trumpet their stats on home sales and home prices.

Thursday, May 29, 2014 10:53 am
By Holden Lewis · Bankrate.com

FHA insurance protects the lender, not the borrower. The FHA insures the lender’s safety, not the borrower’s (or the borrower’s heirs).

Tuesday, February 25, 2014 1:44 pm
By Holden Lewis · Bankrate.com

There’s a saying that, if all you have is a hammer, everything looks like a nail. For decades, the Federal Reserve wielded only a hammer as it maintained monetary policy. Then, five years ago, it borrowed a screwdriver. Today, we saw a sign that the Fed won’t return the screwdriver it borrowed.

Wednesday, January 15, 2014 7:30 am
By Holden Lewis · Bankrate.com

Regulators are scaring lenders away from approving loans to deserving borrowers.

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