Feb 19th 2013 1:30PM
Refinancing a mortgage has become a popular option for current homeowners in the last year or so, as mortgage rates have held steady at well below 4 percent for some time. However, new data show that in general, the number of people who also use the refinancing opportunity to shorten their loan terms is shrinking. In the... 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 »
Aug 23rd 2012 1:00PM
By Jeff Brown "Should I pay points, or not?" It's one of the first questions a mortgage borrower faces, and many simply reject the extra payment as an excessive cost with uncertain benefits. But in today's market, points can make good sense. The new Consumer Financial Protection Bureau has issued proposed rules to make... Continue Reading »
May 19th 2011 10:30AM
The Consumer Financial Protection Bureau advanced its overhaul of annoying, incomprehensible mortgage forms on Wednesday in its first regulatory maneuver since the agency was created by last year's financial reform bill. The CFPB rolled out two prototypes for a single, streamlined form to replace two complex and... Continue Reading »
Jul 19th 2010 11:23AM
Do you really need to show your mortgage broker a marriage certificate to prove that extra cash in your bank account came from a legitimate source? Yes, if you want to be sure your mortgage application will be approved. This is just one type of documentation prospective home buyers should be prepared to produce as they... Continue Reading »
