Mortgages Blog

Monday, June 6, 2011 9:00 am
By Jay MacDonald · Bankrate.com

Put yourself in their combat boots: You bought a home during the housing boom only to be forced to sell it during the housing bust due to a base transfer or deployment to a combat zone. It wasn’t your call but you’ll be saddled for years with the financial loss, and possibly the collateral damage

» Read more
Thursday, June 2, 2011 4:52 pm
By Polyana da Costa · Bankrate.com

Who says you can’t have a baby and get a mortgage at the same time? Some lenders and mortgage insurance companies do. Federal law prohibits housing discrimination in sales, rental, and lending based on a person’s sex or familial status. According to HUD, that includes pregnancy. But some companies don’t seem to understand that. Stories

» Read more
Tuesday, May 31, 2011 2:45 pm
By Polyana da Costa · Bankrate.com

Borrowers who are facing a foreclosure lawsuit and can’t afford an attorney to fight their mortgage lenders in court have limited options — unless their lawyers get creative. Late last year, Florida foreclosure defense attorney Peter Ticktin thought he was being creative when he explained to a reporter from The New York Times the method

» Read more
Thursday, May 26, 2011 11:48 am
By Holden Lewis · Bankrate.com

We want to tell some post-crash real-estate success stories. Need some help. Have you noticed that the real-estate crash is almost always written about as a bad thing? House prices have been falling for the past five or six years, and everyone acts like it’s a calamity. People wouldn’t freak out so much if the

» Read more
Thursday, May 26, 2011 8:57 am
By Marcie Geffner · Bankrate.com

Two federal government agencies have unveiled a website that allows homeowners who are struggling with their mortgage payments to run their own net present value (NPV) tests. These calculations, which use dozens of inputs to compute the NPV of a house or condominium, are a crucial test in whether a homeowner will qualify for easier

» Read more
Tuesday, May 24, 2011 2:58 pm
By Polyana da Costa · Bankrate.com

House Republicans have proposed a bill to “strengthen FHA” by raising the minimum down payment for FHA loans from 3.5 percent to 5 percent. They also want to prohibit FHA borrowers from financing their closing costs and to lower the limits on FHA loans (FHA’s maximum loan limits are already scheduled to fall in October.

» Read more
Tags: FHA, Mortgages
Tuesday, May 24, 2011 12:36 pm
By Marcie Geffner · Bankrate.com

Victims of mortgage scams have a new cop on the beat in California. The U.S. Department of Justice and California Attorney General’s office have teamed up to create a joint mortgage fraud task force of 25 attorneys and investigators who will monitor, investigate and prosecute both civil and criminal mortgage-related scams and frauds in the

» Read more
Tuesday, May 24, 2011 10:48 am
By Holden Lewis · Bankrate.com

Why were you turned down for a HAMP modification? That’s the question that the U.S. Treasury aims to answer with an online calculator that was posted yesterday. It also can help answer the question: Will I be approved for a HAMP mod? The calculator can be found at the dreadful URL CheckMyNPV.com. For search engine

» Read more
Monday, May 23, 2011 9:00 am
By Jay MacDonald · Bankrate.com

Following on the heels of its overhaul of credit card disclosures announced in March, the Consumer Financial Protection Bureau, or CFPB, last week launched its “Know Before You Owe” project, a similar attempt to streamline and clarify government-required mortgage disclosures. “Buying a home is one of the biggest financial decisions most Americans will ever make.

» Read more
Friday, May 20, 2011 10:25 am
By Marcie Geffner · Bankrate.com

Mortgage loan disclosure forms are notoriously complicated and difficult for borrowers to understand, despite the fact that these miserable pieces of paper have been debated, analyzed, focus-grouped, revised and reimagined to the “nth” degree in recent years. Still, the newly minted federal Consumer Financial Protection Bureau is taking another run at the problem, trying to

» Read more
Page 60 of 83« First...102030...5859606162...7080...Last »