Oct 21st 2011 8:00AM
Mortgage lenders will soon have access to new details about a prospective borrower's past -- such as past rental applications, inquiries to pay-day lenders, and missed child support payments -- that will be factored in to a new credit score. Real estate and mortgage data aggregator CoreLogic says it's signed an... Continue Reading »
Oct 12th 2011 9:40AM
By Sheryl Nance-Nash More than 2.5 million people were turned down for mortgages in 2010, according to the Federal Financial Institutions Examination Council. That's about 23 percent of all those who are seeking a loan to buy a house. Compared to just a few years ago, the number is quite low -- but it's sure not because... Continue Reading »
Sep 29th 2011 10:35AM
Numbers can drive you nuts. Some folks don't like the digits that reveal their ages, others get frustrated by the ones that make up their bank balances. Some parents can't figure out the "new math," and some of us are still a little shaky on the old math. But one number nearly everyone would agree they'd like to raise is... Continue Reading »
Sep 9th 2011 4:30PM
WASHINGTON -- Mortgage rates have reached their lowest levels in six decades, making this the best time in most Americans' lives to buy or refinance a home. For people who qualify, today's rates could save thousands of dollars a year. Yet most people can't take advantage. Half of would-be buyers say they'll never save... Continue Reading »
Aug 24th 2011 5:35PM
WASHINGTON - Mortgage applications to purchase a home fell last week to a 15-year low, despite the lowest mortgage rates in decades. Many potential buyers are holding off because they are worried about job security and fear the economy could slip back into another recession. The Mortgage Bankers Association said... Continue Reading »
