May 9th 2013 11:59AM
By Les Christie The housing market is heating up, yet many house hunters are not prepared to take on the biggest purchases of their lives. When it comes to mortgages, homebuyers answered basic questions about terms, how to choose a lender and financing wrong nearly one-third of the time, according to an April survey of... Continue Reading »
Jan 10th 2013 1:00PM
By Mandi Woodruff When it comes to placing blame on mortgage lenders, regulators or consumers for 2008's crippling housing crisis, it's fair to say each played a role. Yes, banks issued millions of mortgage loans that homebuyers couldn't afford, targeted minorities for subprime loans, and made the entire lending... Continue Reading »
Jun 19th 2012 1:00PM
The housing market is finally beginning to recover, as conditions have recently combined to boost affordability to an all-time high. But at the same time, a new study shows that lenders' unwillingness to broaden qualifications may be slowing the recovery. The latest data from the annual Harvard Joint Center for Housing... Continue Reading »
Jun 29th 2010 7:19PM
#postcontentcontainer, #fivemin-widget-blogsmith-0{width:300px;height:250px;background:black url(http://pthumbnails.5min.com/3114706/155735263_3_300_250.jpg) no-repeat center center;} Eddie Kim's parents made savvy residential real estate purchases in New Jersey 15 years before the housing bubble burst, so he... Continue Reading »
Jun 21st 2010 5:10PM
This week starts a showdown on mortgage-lending rules. How strong the protections will be for consumers will depend upon how successful lenders are at softening the rules proposed by Congress. Up for grabs are rules for: loan repayment; appraisals; how much skin lenders must have in the game; and suing a lender for fraud... Continue Reading »
