The credit scores of mortgage applicants are higher than average.
Tighter lending standards will make the popular ARM more difficult to obtain.
A group of senators is asking regulators to investigate high-interest payday loans being made at major banks.
Finally, the victims of foreclosure abuse will receive compensation from mortgage lenders.
Seeking to recoup losses from the housing bust, the FHA is casting a wider net.
A bid to boost fees that Fannie Mae and Freddie Mac charge lenders in order to pay for the proposed payroll tax cut extension for another year is drawing fire from some in the real estate industry who fear that lenders will pass the fees on to borrowers in the form of higher mortgage interest
You’ve shopped around and finally zeroed in on a low mortgage rate. Your credit is stellar and you’re ready to pull the trigger. Trouble is, the lender has no incentive to give you the advertised lowest rate and offers a rate a full percentage point higher. In a frustrating turn for those seeking a mortgage,
New federal regulations, effective April 1, will impose some major changes in how lenders compensate mortgage brokers for their services in the loan origination process. Here’s a summary: Lenders won’t be allowed to pay any direct or indirect compensation to a mortgage broker based on the terms or condition of the loan, other than the