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.
What Wall Street reform means for your mortgage
Wednesday, March 16th, 2011Predatory lending would likely become a thing of the past if proposed regulatory reform rules are put into practice. And that may mean that mortgages get more expensive and more difficult to get, lenders warn.
Mortgage delinquencies fall but foreclosures up sharply
Tuesday, March 15th, 2011For the first time in two years, fewer homeowners are missing mortgage payments, Treasury Department regulators reported Wednesday, but foreclosures are surging as many loan-modification efforts fail.
U.S. housing market remains fragile despite low mortgage rates
Tuesday, March 15th, 2011After showing signs of a fledgling recovery from the worst downturn in decades, the U.S. housing market appears to be heading back toward the doldrums, as the expiration of a lucrative tax credit for buyers and increased uncertainty about the economy cause home sales to plummet.
Homebuying basics: What is a mortgage
Tuesday, March 15th, 2011There is often an assumption that everyone knows what a mortgage is. However, many first time homebuyers only have a very basic grasp of what a mortgage is and what role it plays in enabling them to buy a house. The objective of this article, therefore, is to provide a brief overview of what a [...]
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