Apr 3rd 2013 12:00PM
By Dona DeZube Tired of getting the runaround from your mortgage lender or servicer? Starting Jan. 10, 2014, you'll get consumer protections aimed at taming the worst habits mortgage lenders picked up during the mortgage foreclosure crisis. But realize that you need to follow specific procedures to make the protections... Continue Reading »
Feb 14th 2013 5:45PM
By Kirk Haverkamp When most people start shopping for a mortgage, the first thing they do is look for the lowest interest rate they can find. And that can get them into trouble. A low interest rate can save you money, obviously. But it's only part of the story. If you're not careful, you could easily end up paying... Continue Reading »
Jan 17th 2013 4:00PM
By Les Christie Federal officials issued new rules for mortgage servicers Thursday aimed at protecting homeowners facing foreclosure. But consumer groups say the rules don't do enough to help prevent borrowers from unnecessarily losing their homes. Since the housing crisis began, many mortgage servicers -- which collect... 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 »
Jan 10th 2013 9:45AM
Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out. The new mortgage rules being unveiled Thursday by the Consumer Financial Protection Bureau impose a range of obligations and restrictions on lenders, including bans on the risky... Continue Reading »
