Aug 21st 2012 4:00PM
By Jonathan Ginsberg What can you do when you're disabled, and an agency tries to collect on an old mortgage debt by seizing your disability payments? A Credit.com reader wrote in with this question: My husband had a VA loan foreclosure in 1994. He was not contacted in any way about it (the Veterans Administration... Continue Reading »
Jul 4th 2012 9:05AM
A VA loan is one of the most desirable mortgage options available to homebuyers: It allows an eligible veteran to buy a home with 100 percent financing, the lowest possible interest rate and minimal fees. Some veteran buyers may even qualify for the holy grail of mortgages, known in real estate parlance as a "VA No-No" --... Continue Reading »
Nov 16th 2011 10:49AM
WASHINGTON -- Congressional bargainers have agreed to increase the size of mortgages insured by the Federal Housing Administration in a compromise being hailed by the housing industry but criticized by conservatives. Under the deal by House and Senate negotiators, the FHA would be able to insure mortgages worth up to... Continue Reading »
Oct 5th 2011 8:30AM
ATLANTA -- A whistleblower lawsuit launched in 2006 and unsealed Tuesday in federal court in Atlanta claims several large banks and mortgage companies defrauded military veterans and taxpayers out of hundreds of millions of dollars in a "brazen scheme" to hide illegal fees. The lawsuit, brought under the Federal Claims... Continue Reading »
Aug 5th 2011 12:11PM
Banners declaring "no money down" might not sit well with homeowners burned by sub-prime loans, but believe it or not, there are legitimate mortgages available for little to no down payment. Now that the exotic loans that led to the housing crash have been curbed, at least for the time being, lenders are dusting off an old... Continue Reading »
