lenders - Articles

The 5 Best States to Buy a Home -- If You're a Banker

Timothy Jacobsen/AP Looking for the states that provide the best value for homebuyers? The results may lie in a new report from online lender exchange LendingTree about which states are hot, and which are not, for bankers wanting to lend money to homebuyers. In preparing its report, LendingTree crunched the numbers on... Continue Reading »

Good News for Homeowners: Fewer Foreclosures in June

Matt York/AP NEW YORK -- U.S. home foreclosure filings tumbled in June to a 6½-year low, a further sign the housing market is getting back on better footing, a report from RealtyTrac showed Thursday. Overall, 127,790 properties had foreclosure filings last month, down 14 percent from May, and down 35 percent from a... Continue Reading »

Homebuyers Clueless About Mortgages, Zillow Survey Finds

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 »

Mortgage Loans: New CFPB Rule Lets Lenders Make the Call on Who Can Afford Them

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 »

Lender Restrictions Could Cost Housing Recovery, Study Says

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 »

#postcontentcontainer, #fivemin-widget-blogsmith-0{width:600px;height:400px;background:black url(http://pthumbnails.5min.com/3114706/155735263_3_600_400.jpg) no-repeat center center;display:block} Eddie Kim's parents made savvy residential real estate purchases in New Jersey 15 years before the housing bubble burst, so... Continue Reading »

New Mortgage Rules: Battle Looms in Congress

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 »

Lenders Chase Borrowers for Money Lost in Foreclosures

For Americans who lost their home to foreclosure, the real estate nightmare may not be over. In many states -- such as Florida, Illinois, New York, Texas, and Virginia, to name a few -- lenders have the legal right, known as a deficiency judgment, to go after borrowers who owe money on their foreclosed home. The lender... Continue Reading »

A New Way to Fund Green Home Renovations

How's this for a clever energy-saving program: homeowners borrow money for green upgrades such as new windows, water heaters, insulation or roof-top solar panels. The money, loaned by states and municipalities that issue bonds to cover the program, is paid back by homeowners over 15 to 20 years, via a property tax... Continue Reading »

Sue Your Lender, Save Your Home

For homeowners struggling to keep up with their mortgage payments, their best hope may be negotiating a lower, more affordable monthly payment while they try to get their financial houses back in order. That's the aim of the government's Home Affordable Modification Program, which encourages lenders to modify loan... Continue Reading »

10 Things You Should Know About the New Appraisal Rules

Heard of HVCC? It's not a heating and ventilation system for the home (that's HVAC), nor is it an infectious disease. HVCC is the Home Valuation Code of Conduct, a controversial set of guidelines established by Fannie Mae and Freddie Mac in May 2009. By setting up a sort of firewall between lenders and appraisers, in the... Continue Reading »

Will F2F Save You From Foreclosure?

Abandoned homes are still a lingering problem for many states as foreclosed homeowners continue to be pushed out in record numbers. When they go, they leave in their wake unkempt yards, dilapidated homes and squatters, all causing unnecessary blight on formerly tidy neighborhoods. Yet, when these struggling homeowners... Continue Reading »

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