You Can Buy a Nice House in Houston for $1
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
HARP and HAMP Receive Final Annual Extension, Probably
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
Department of Justice Sues Quicken Loans for Faulty FHA Underwriting
The United States Department of Justice has filed a lawsuit against Quicken Loans for improperly originating and underwriting mortgages insured by the Federal Housing Administration… Read More »Department of Justice Sues Quicken Loans for Faulty FHA Underwriting
Mortgage Lenders In Europe Now Owe Their Borrowers Interest
A very odd thing is happening over in Europe. Thanks to rock bottom interest rates, some homeowners are actually due interest from their mortgage lenders.… Read More »Mortgage Lenders In Europe Now Owe Their Borrowers Interest
Green Tree to Pay Borrowers $48 Million for Loan Servicing Abuses
If Green Tree serviced your mortgage from 2010 to 2014, you might be due some compensation for alleged wrongdoings. Today, the Consumer Financial Protection Bureau… Read More »Green Tree to Pay Borrowers $48 Million for Loan Servicing Abuses
Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV
While this might sound like another exotic mortgage gone wrong, it’s actually a new program geared toward making the city of Detroit better, not worse.… Read More »Detroit Home Buyers Offered Zero Down Mortgages Up to 150% LTV
Soon Your Mortgage Lender May Pull Your VantageScore
Last week, HUD Secretary Julián Castro and NAR President Chris Polychron told a room full of realtors that it was exploring alternative credit scoring models… Read More »Soon Your Mortgage Lender May Pull Your VantageScore
Consumer Reports Bashes Mortgage Brokers, Receives Backlash
The latest issue of Consumer Reports magazine recommends that consumers avoid mortgage brokers when seeking home loan financing. As a result, the popular publication, which… Read More »Consumer Reports Bashes Mortgage Brokers, Receives Backlash
An Open House Got Shut Down by the Cops
The real estate market is starting to get really, really weird. Recently, an open house was actually shut down by the police after more than… Read More »An Open House Got Shut Down by the Cops
Mortgage Lender Launches Six-Year ARM
File this one under PR department. Or perhaps publicity stunt. Last week, First Savings Mortgage Corporation based out of McLean, Virginia launched a 6/1 adjustable-rate… Read More »Mortgage Lender Launches Six-Year ARM