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California Introduces ‘Homeowner Bill of Rights’
Advocates have long called for better consumer protections in the mortgage industry, and now one state has addressed some of the big issues with a new measure. California’s Homeowner Bill of Rights...
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New Home Sales Got a Boost in November
The number of new-home sales across the nation increased in November from both the month and year before, and experts say this is a good sign for the economy. Commerce Department data shows sales of...
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CFPB Could Pass New Mortgage Rules Soon
The federal watchdog agency tasked with helping consumers avoid predatory and misleading lending practices on the part of lenders may soon pass more rules to make the mortgage market fairer for...
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Unraveling the Freddie-Fannie Tangle
by Jesse Eisinger and Cora Currier ProPublica In the aftermath of the financial crisis, American taxpayers poured $187.5 billion into two huge but poorly understood companies: Freddie Mac and Fannie...
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Housing Market Officially in Recovery Mode
There have been numerous signs of a general recovery in the housing market after the significant downturn of a few years ago, but data suggests that a full recuperation is now underway and should...
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Why You Can’t Get a Home Loan
Left out in the cold by a tight lending climate, prospective homebuyers are finally starting to see a thaw. Fifty-one percent of respondents to the latest Fannie Mae National Housing Survey indicated...
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Fannie Mae Reaches Massive Settlement Deal with BofA
Many of the nation’s largest mortgage lenders have been involved in settlements related to potentially unfair or misleading origination or foreclosure practices prior to and during the housing...
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3 Loans That Are Tough to Refinance
Advertised rates for car loans, mortgages and even some credit cards are tantalizingly low, promising big savings for borrowers who can refinance. But just because you see that rate advertised doesn’t...
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Mixed Reviews on CFPB’s New Mortgage Rules
In an effort to forestall a repeat of the 2008 financial crisis, the Consumer Financial Protection Bureau today announced it would issue new mortgage rules designed to ensure that borrowers have the...
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The Comeback Cities of the Housing Recovery
The nationwide housing market is now in full recovery mode after suffering greatly during and following the market meltdown, and it’s believed that 2013 will be a big year for many markets. However,...
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4 Ways to Get a Mortgage for Little or No Money Down
With home prices and mortgage rates as low as they are, a lot of people are eyeing the opportunity to become first-time homebuyers. Unfortunately, many of them are discouraged by a perceived need to...
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CFPB Rule Creates More Protections for Expensive Mortgages
The same day as it introduced more protections for borrowers seeking home loans of all kinds, a federal consumer watchdog also unveiled rules to specifically safeguard consumers trying to obtain...
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Mortgage Applications Could Soon Come Via Phone
Many consumers have likely seen the technology from their banks that allows them to deposit a check just by taking a picture of it with their smartphone. Soon, they might be able to do the same for...
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More Housing Markets Getting Stronger in January
The national housing recovery seems as if it will continue this year, as many local real estate markets were shown to be improving at the start of 2013. The total number of housing markets that saw...
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Feds Replace Flawed Foreclosure Review With Vague $8.5 Billion Settlement
The Independent Foreclosure Review was supposed to be a full and fair investigation of the big banks’ foreclosure abuses, and it was trumpeted as the government’s largest effort to compensate...
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Housing Scorecard Shows Market Keeps Getting Better
Many experts have noted that there have been massive improvements in the nationwide housing market in the last year, and the latest data from the federal government continues to bear that out....
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CFPB Issues Final Rules on Mortgage Servicers
The Consumer Financial Protection Bureau announced Thursday that it has issued new consumer protection rules targeted at one of the industries for which it receives a large number of complaints —...
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Experts See More Home Sales, Fewer Delinquencies in 2013
The real estate industry made big strides in the latter half of 2012 and is expected to do so again throughout the coming year, leading to a larger-scale economic gains. There will likely be numerous...
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Buying a Home: Is It Good or Bad for Your Credit Score?
When it comes to debt, we each tend to think of different types of debt in different ways. For example, you may feel “normal” for having an auto loan but ashamed of having credit card debt. So what...
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Don’t Fear the Refi
During the past three to four years, mortgage interest rates have fallen to the lowest levels in history and homeowners are constantly barraged with ads telling them: “Refinance now!” It’s not...
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