Mortgages Blog

Thursday, March 17, 2011 2:03 pm
By Marcie Geffner · Bankrate.com

Should homebuyers be required to make a down payment of at least 20 percent of a home’s purchase price to qualify for a mortgage? That’s a question some Bankrate readers tackled when presented with the prospect of such a requirement on certain loans to be known as “qualified residential mortgages,” or QRMs. Here’s what the readers

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Monday, March 14, 2011 10:00 am
By Jay MacDonald · Bankrate.com

You know the old saying, “A rising tide lifts all boats?” Well, apparently the reverse is also true, at least for some property owners who opted for a short sale to avoid foreclosure. Through no fault of their own, their credit report now includes a foreclosure that never was. You’ve heard this litany before: When

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Tags: Mortgages
Thursday, March 10, 2011 9:23 am
By Marcie Geffner · Bankrate.com

Realty brokers are quick to observe that in today’s housing markets, “Cash is king.” In fact, given the rise in the proportion of all-cash home purchases, it might be fair to say cash is not only king, but the whole royal family. During the housing boom, buyers wanted no-money-down mortgages, which allowed them to buy

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Tuesday, March 8, 2011 9:19 am
By Marcie Geffner · Bankrate.com

Mortgage interest rates peaked about month ago and have been on a downward trend since then. This week, rates may flatten out as investors weigh the latest economic data and try to suss out whether the recovery is in fact faltering or picking up steam. Here’s a recap of the numbers: The Bureau of Labor

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Monday, March 7, 2011 9:24 am
By Marcie Geffner · Bankrate.com

Should homebuyers be required to make a down payment of at least 20 percent of a home’s purchase price to qualify for a mortgage? That’s a hot topic in a current debate about the federal government’s soon-to-be-issued official definition of a “qualified residential mortgage” or “QRM.” Once the definition and the risk-retention rule that requires

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Friday, March 4, 2011 10:11 am
By Marcie Geffner · Bankrate.com

Home prices have dropped and mortgage rates are still low, yet housing costs continue to become more and more burdensome for many working households, according to “Housing Landscape 2011,” a study from the Center for Housing Policy in Washington, D.C. The report defines “working households” as those in which household members work at least 20

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Wednesday, March 2, 2011 11:38 am
By Marcie Geffner · Bankrate.com

Hey, does anyone want to buy a house? Anyone? Anyone? No? Perhaps not. Home sales haven’t exactly fallen off a cliff at an annualized pace of 5.36 million so far this year, according to the National Association of Realtors. But nor are houses flying off the shelves, or rather, out of the multiple-listing services. The

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Monday, February 28, 2011 10:00 am
By Jay MacDonald · Bankrate.com

How tough has the foreclosure crisis been? So tough that even Habitat for Humanity, which builds homes for people in need, finds itself in the mindboggling situation of having to take them back – in many cases, for the first time in a chapter’s history. “We’re in the business of putting people into houses, not taking

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Tags: Mortgages
Friday, February 25, 2011 9:17 am
By Marcie Geffner · Bankrate.com

How home loan servicers should be compensated is a subject of intense debate in the mortgage industry today, as servicers have come under fire for their inaccessibility to homeowners and sloppy foreclosure-processing practices. To fix the problems, the Federal Housing Finance Agency, or FHFA, has told Fannie Mae and Freddie Mac to work on proposals

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Wednesday, February 23, 2011 10:00 am
By Marcie Geffner · Bankrate.com

If the national foreclosure crisis had an epicenter, it would have to be Las Vegas, since Nevada is more often than not at the top of any state-level list that involves foreclosure statistics. Now, “The Face of Foreclosure: An Analysis of the Nevada Foreclosure Crisis,” a new report from the Nevada Association of Realtors, has

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