May 10th 2012 3:35PM
By James O'Toole The federal government is considering a new set of rules on mortgage origination that it says would make the process simpler and more transparent for borrowers. The Consumer Financial Protection Bureau, created as part of the Dodd-Frank financial reform law, said Wednesday that the new rules will focus... Continue Reading »
Sep 27th 2011 1:30PM
Thousands of potentially eligible homeowners may be left out of a $1 billion Department of Housing and Urban Development program that provides interest-free loans to the unemployed because of documentation and timing problems. The Dodd-Frank Act required HUD to develop the Emergency Homeowners Loan Program. Unemployed... Continue Reading »
Aug 29th 2011 4:05PM
The Department of Housing and Urban Development will begin taking applications again for a new program providing interest-free loans to unemployed borrowers struggling with their mortgage payments. Under the Dodd-Frank Act authority, HUD launched the $1 billion Emergency Homeowners Loan Program in June. Unemployed... Continue Reading »
Aug 17th 2011 5:00PM
Do you want to sell your house but have figured out that buyers are as scarce as snowflakes in the Arizona desert? If you've owned your home for a long while and have equity in it, your best bet might be to offer seller financing. Seller financing essentially means that you will act as the bank when the bank won't. It's... Continue Reading »
Aug 17th 2011 11:00AM
If you want something done right, do it yourself. Even when it comes to lending a buyer the money to purchase your house. According to the National Association of Realtors, seller financing is on the rise. For frustrated sellers with plenty of equity in their homes, it could be one way to help move a stalled property off... Continue Reading »
