You know what the mortgage crisis needed more of? Adjustable-rate mortgages. Yep, we needed more loans with variable interest rates to both avoid such a… Read More »The Mortgage Crisis Needed More Adjustable Rate Mortgages
I’m the first guy to mutter that home prices are too high. That they’ve become too expensive, but if you look at the actual numbers,… Read More »It Turns Out Housing Affordability Is Still Really Good
A family living in Sunset Heights, close to the center of Houston, Texas, is parting with their home for just $1. But in order to… Read More »You Can Buy a Nice House in Houston for $1
In the mortgage world, you’re more likely to get charged a higher interest rate for a larger loan amount, such as one above the conforming… Read More »Small Mortgages Cost More and Are Harder to Come By
Earlier this week, the Consumer Financial Protection Bureau (CFPB) took action against a biweekly mortgage company that apparently lured consumers with false promises of mortgage… Read More »Why You May Want to Avoid Biweekly Mortgage Programs
Since being introduced back in 2009, both and the Home Affordable Modification Program (HAMP) and the Home Affordable Refinance Program (HARP) have helped millions either… Read More »HARP and HAMP Receive Final Annual Extension, Probably
While foreclosures might sound like old news, there are still a ton of borrowers either behind on mortgage payments or in the process of foreclosure.… Read More »Underwater Borrowers Account for 77% of Active Foreclosures
