Here’s a novel idea. If you’re having trouble paying the mortgage, and you can’t get any assistance from your lender/servicer, you don’t need to give… Read More »If You Can’t Pay the Mortgage, Live in Your Awesome Garage
It’s not uncommon for homeowners to take out a home equity line of credit (HELOC) behind their first mortgage to pay for home renovations or… Read More »Wells Fargo Vows to Fix the Flawed HELOC Product
A new survey from TD Bank revealed that a large percentage of recent home buyers needed mortgage insurance to get the deal done. The bank… Read More »Almost Half of Recent Home Purchases Required Mortgage Insurance
You’d think mortgage applications would be humming given the recent sizable declines in mortgage rates. After all, rates haven’t been this low since last November.… Read More »Refinance Applications Remain 65% Below Last Year’s Pace Despite Lowest Rates of 2014
Though HARP is often referred to as “Obama’s refinance program,” perhaps Vice President Joe Biden’s name should be in there as well. Why? Because the… Read More »Joe Biden Is a Refinancing Machine
Rules are inherently restrictive, but if there’s one thing the mortgage industry does well, it’s circumvention. For example, taking what appears to be a pretty… Read More »It Turns Out the Qualified Mortgage Rule Is Pretty Flexible
At first glance, the headline doesn’t make a lot of sense. Why would all-cash home sales increase if mortgage rates were hitting new lows for… Read More »All-Cash Home Sales Hit New High as Mortgage Rates Fall to 2014 Low
An interesting thing happened to a pair of Ocean City, New Jersey homeowners recently. Residents Bill and Barbara Doughten received an anonymous handwritten note from… Read More »Real Estate Agent Leaves Nasty Note for Homeowner Who Parks Car on the Front Lawn
If you’re currently in the market to purchase a home, you’re probably pretty frustrated. After all, it has become increasingly difficult to find a property… Read More »Even Flippers Are Having a Hard Time Finding Homes to Buy
Everyone seems to agree that Fannie Mae and Freddie Mac need to go away. Well, maybe not the hedge funds that hold their stock. Nevertheless,… Read More »Mortgage Rates Will Only Be Marginally Higher If Fannie and Freddie Disappear
