Mortgages Blog

Wednesday, April 11, 2012 5:37 pm
By Judy Martel · Bankrate.com

Who is purchasing the most expensive real estate? Although buyers from around the globe are investing in the downturn in the U.S., the Russians are writing the biggest checks, according to The New York Times. Since the real estate market crashed four years ago, the Times reports that Russians have signed contracts for more than

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Tuesday, April 10, 2012 12:00 pm
By Polyana da Costa · Bankrate.com

Has the administration persuaded Fannie Mae and Freddie Mac to help underwater borrowers modify mortgages through partial loan forgiveness? Not yet. But Ed DeMarco, the Federal Housing Finance Agency’s acting director who oversees the agencies, has gone from “no” to “maybe” on the issue. He says the FHFA is conducting a second analysis to determine

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Monday, April 9, 2012 10:00 pm
By Holden Lewis · Bankrate.com

Do you hear a whining sound in the distance? It’s the mortgage industry, complaining again about government regulation.

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Tags: Mortgages
Monday, April 9, 2012 6:48 pm
By Judy Martel · Bankrate.com

There may be a legal obligation for Fannie and Freddie to write down mortgage principal.

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Friday, April 6, 2012 10:17 am
By Polyana da Costa · Bankrate.com

Think the economy is recovering because the job market has improved? Think again. The employment report released today is disappointing, at best. The U.S. economy added only 120,000 jobs in March, half of what it added in February, the Labor Department says. After three months of solid employment gains, the latest report shows the economy

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Wednesday, April 4, 2012 7:15 pm
By Claes Bell, CFA · Bankrate.com

It seems that mortgages, and the housing market in general, are on the front burner for the Obama administration heading into election season.

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Wednesday, April 4, 2012 5:25 pm
By Judy Martel · Bankrate.com

If ever there was a time to reinforce whether a time share is an investment or simply the upfront price for a vacation spot, it’s now. Owners of time shares, fed up with a dearth of buyers and rising yearly maintenance fees, are giving up and offering their units for free or selling them for

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Tuesday, April 3, 2012 3:16 pm
By Polyana da Costa · Bankrate.com

Morgan Stanley must review foreclosures that took place in 2009 and 2010 and reimburse borrowers …

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Monday, April 2, 2012 5:30 pm
By Judy Martel · Bankrate.com

Reverse mortgages, available to homeowners age 62 and older, are more appealing to younger borrowers than they were a decade ago, according to a study by MetLife Mature Market Institute. This type of mortgage allows homeowners to borrow against their home equity and receive cash without any payments on the loan being due until the borrower

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Monday, April 2, 2012 8:30 am
By Polyana da Costa · Bankrate.com

The FHA is tightening the screws on borrowers again. Borrowers will be rejected for an FHA mortgage if they have an account over $1,000 in dispute or collection. The new rule went into effect April 1. If the disputed debt is more than 2 years old, borrowers won’t have a problem securing an FHA mortgage.

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