Reverse Mortgage: Late on taxes? Face foreclosure
Wednesday, March 16th, 2011The Federal Housing Administration, also known as the FHA, may be toughening up their stance on seniors with a reverse mortgage who fail to pay their local property tax or hazard insurance premiums.
Avoiding Mortgage Scams
Wednesday, March 16th, 2011The FBI arrested more than one thousand people in a mortgage fraud crackdown last week. And though the government is doing what it can to crack down on fraud, consumers applying for a mortgage or looking for help avoiding foreclosure still need to be cautious.
Troubled borrowers get help outside Obama mortgage plan
Wednesday, March 16th, 2011More troubled homeowners have fallen out of trial mortgage modifications than have received long-term help, a new government report released Monday shows.
Private Lenders to Keep 5 Percent of Risk Under New U.S. Rules
Wednesday, March 16th, 2011Private lenders will be required to keep at least a 5 percent stake in loans they package and sell under an agreement reached by House and Senate lawmakers who are negotiating the financial-regulatory bill.
Record low mortgage rates spur high interest in refinancing, sales
Wednesday, March 16th, 2011Interest rates are falling to hitherto-unseen lows, thanks to a persistently volatile stock market and the ongoing debt crisis in Europe.
« Previous Entries Next Entries »