Mortgage reform would have squeezed out 4m borrowers, say lenders

Mortgage reform would have squeezed out 4m borrowers, say lenders
Council of Mortgage Lenders argues plans to clamp down on risky home loans will affect ‘good’ housebuyers More than four million Britons would have been denied mortgages in the run-up to the financial crisis if the Financial Services Authority’s proposals to toughen up the lending industry [...]

The Many Ways Banks Have Illegally Foreclosed on Borrowers

The Many Ways Banks Have Illegally Foreclosed on Borrowers
On the front page of today’s New York Times , Gretchen Morgenson describes the dizzying heights of incompetence and fraudulence at the core of a rising tide of “improperly handled” foreclosure proceedings initiated by some of the nation’s biggest lenders. JPMorgan Chase, GMAC Mortgage and Bank of [...]

The changes on FHA loans and how they will affect borrowers and sellers

The changes on FHA loans and how they will affect borrowers and sellers
Seller concessions What are they? Contributions that sellers kick in to help defray a buyer’s costs. They can include closing costs, inspections, appraisals and free upgrades. What’s changing? The FHA proposes slashing allowable seller concessions in half, capping them at 3 percent of [...]

The Seven Things All Borrowers Should Know About FHA Loans

The Seven Things All Borrowers Should Know About FHA Loans
Experts from FHA Pros Dispel the Top Myths Concerning FHA Loans
Read more on PRWeb via Yahoo! News

Mortgage Loans – Mortgage Loan Tips for Borrowers Already in Default

Who says owning a house is easy? Tell that to thousands of people who are on the verge of loosing their house because of a default mortgage. So many people have already lost their job and now they’re going to lose their house too. That would be too much for a person whose only fault [...]

Are lenders required to disclose Lender Paid Mortgage Insurance to borrowers?

I’ve recently tried to refinance through the HARP program and was told I could not because the company servicing the lender paid mortgage insurance on my loan does not participate in the HARP program. The issue is that I was never made aware that my loan had mortgage insurance. I’ve done research and [...]

Borrower’s dilemma: pay credit card bill or mortgage?

Borrower’s dilemma: pay credit card bill or mortgage?
Borrower’s dilemma: pay credit card bill or mortgage?
Read more on Austin American-Statesman

Borrowers review loans in mortgage market shake-up

Borrowers review loans in mortgage market shake-up
The mortgage market is going through a major shake-up at present which should encourage borrowers to review their existing loans. Related Stories Virgin just one new banking name set for our high streets A question of money: Can you explain what state pension credit is? A question of money: [...]

Mortgage Principal Reduction: Why “Re-Equifying” Borrowers Could Exacerbate The Mortgage Mess

Mortgage Principal Reduction: Why “Re-Equifying” Borrowers Could Exacerbate The Mortgage Mess
What’s Your Reaction? Many critics of the Obama administration’s mortgage loan-modification program say it won’t work because it doesn’t do enough to address “negative equity,” the plight of people who owe more on their home loans than the current value of those properties.
Read more on [...]

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