Efforts to keep more Americans in their homes increased nearly 22 percent during the second quarter, but delinquencies increased and re-default rates continue to run… Read More »Re-Default Rates, Delinquencies Up Despite Increased Home Retention Efforts
Mortgage Q&A: “What happens to my mortgage if my bank fails?” With banks failing at a pretty steady clip (at least one every Friday since… Read More »What Happens to My Mortgage If My Bank Fails?
The National Association of Home Builders (NAHB) called upon Congress to extend the first-time homebuyer tax credit after the construction of new single-family homes slowed… Read More »Home Builders Plead for Homebuyer Tax Credit Extension
The Federal Housing Administration announced today that it will make a series of policy changes in reaction to its capital reserve ratio falling below the… Read More »FHA Insurance Fund to Fall Below Minimum, Policy Changes Coming
Timely mortgage Q&A: “How long after foreclosure can I purchase a home?” If you’ve recently experienced foreclosure, you may be wondering when you’ll be able… Read More »How Long After Foreclosure Can I Purchase a Home? Waiting Periods By Loan Type
More mortgage crisis Q&A: “How long does a foreclosure stay on your credit report?” With all the foreclosures sprouting up, struggling homeowners that are either… Read More »How Long Does a Foreclosure Stay on Your Credit Report?
As expected, all the ongoing mortgage crisis is hitting Americans’ credit scores, according to credit scoring company VantageScore Solutions. The company, which competes with the… Read More »Mortgage Crisis Hurting Americans Credit Scores
Credit bureau Experian and consulting firm Oliver Wyman claim they have developed a way to estimate the number of “strategic defaulters,” those who stop paying… Read More »Credit Bureau Claims to Pinpoint Strategic Defaulters
I’ve already covered the mortgage underwriter’s role, so let’s take a look at what “loan processors” do seeing that they’re also key to getting your… Read More »What Do Loan Processors Do? In Short, Everything to Close Your Loan!