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