In recent years, new words (or jargon really) tied to the ongoing credit and mortgage crisis have found their way into fancy official dictionaries. Just… Read More »The Word ‘Underwater’ Gets New Dictionary Meaning
The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, concluded today that principal forgiveness is not the best approach to help… Read More »FHFA: No Principal Forgiveness for You!
Yet another mass refinancing program has been proposed, this time by Oregon Senator Jeff Merkley. His program, “The 4% Mortgage: Rebuilding American Homeownership” (RAH), is… Read More »New Refinancing Program for Loans Not Owned by Fannie or Freddie
It’s always interesting to see what the rich and famous are doing, right? Heck, celebrity magazine Us Weekly features a section called “Just Like Us,”… Read More »Facebook Founder Mark Zuckerberg Has a 1% Mortgage
You may have read a certain ABC news report that a man made his final mortgage payment with pennies he had collected over the years.… Read More »Don’t Use Pennies to Pay Your Mortgage
There’s been a lot of interesting housing-related news over the past week, with some good and some bad. The first bit is that economists finally… Read More »Housing Bottom Now Expected in 2013, Recovery Looks Weaker
Well, another week has gone by, and mortgage rates drifted to a new low, per the latest Freddie Mac data. Yawn. Yes, we know the… Read More »Housing Market Update: Floodgates Officially Open
Knowing where you stand before applying for a mortgage is key to negotiating a better interest rate. Yes, you can negotiate your rate! But if… Read More »What Flavor Is Your Mortgage?
Well, it’s official, there’s a new mortgage player in town, and they go by a familiar name, “Discover Home Loans.” You may have heard a… Read More »Discover Home Loans Review: The Nation’s #1 Home Equity Loan Lender
Mortgage match-up: “Foreclosure vs. short sale on your credit report.” It’s been a while since I’ve come up with a mortgage match-up, but there’s been… Read More »Short Sale vs. Foreclosure: What’s the Credit Score Impact?
