All posts by Colin Robertson
Foreclosures May Come to a Halt in California
It feels like 2008 all over again… Attorney General Kamala Harris wants to put the brakes on most foreclosure sales in the state of California, according to a letter obtained by Bloomberg. Apparently Harris sent a letter to Edward DeMarco ... Read More »
FHA Loan vs. Conventional Loan
Our latest mortgage match-up pits FHA loans against conventional loans, both of which are popular options for homeowners these days. In recent years, FHA loans have surged in popularity, largely because subprime lending (and Alt-A) was all but extinguished as ... Read More »
A Look at the New Monthly Mortgage Statement Form
Over the past few years, regulators have been working to right the wrongs that occurred during the mortgage boom and subsequent bust to ensure history doesn’t repeat itself. One focus has been on improving mortgage disclosures so homeowners can actually ... Read More »
What is a Lender Credit?
Mortgage Q&A: “What is a lender credit?” Back before the mortgage crisis reared its ugly head, it was quite common for loan officers and mortgage brokers to get paid twice for originating a single loan. They could charge the borrower ... Read More »
Star Financial Debt Free in 10 Mortgage Review
Every once in a while I take a look at certain mortgage products I see advertised to determine if they make any sense for homeowners. Today we’ll take a look at Star Financial’s “Debt Free in 10 Mortgage,” which put ... Read More »
Do I Qualify for the National Mortgage Settlement?
In case you haven’t heard by now, the so-called “National Mortgage Settlement” was finalized today. It’s the largest multi-state settlement since the Tobacco Settlement back in 1998, related to robosigning allegations that took place over the past several years. Essentially, ... Read More »
Bank of America Has a Waiting List to Refinance
If you’re interested in refinancing your mortgage with Bank of America, you may be in for a big surprise. Per Bloomberg, the mega bank has been unable to keep up with demand, thanks in part to HARP Phase II, which ... Read More »
20-Year vs. 30-Year Mortgages
It’s time for the first mortgage match-up of 2012. And because paying down the mortgage early seems to be so en vogue these days, let’s take a look at “20-year mortgages vs. 30-year mortgages.” The most common type of mortgage ... Read More »
Obama’s Broad Based Refinancing Plan
It took a few weeks, but we’ve finally got concrete details regarding the Obama Administration’s so-called “Broad Based Refinancing Plan.” First off, homeowners with Fannie Mae and Freddie Mac-backed mortgages who are unable to refinance to take advantage of the ... Read More »
