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By Diana Olick, CNBC Real Estate Reporter NEW YORK (CNBC) -- It's not like the housing market needs any more headwinds, so here's the government potentially giving us another: The mortgage interest deduction is back in big play in the budget deal. It never exactly came off the table, but the bigger the budget deal, the more likely the mortgage deduction will take a bigger hit. Right now, Read More »
Elizabeth Warren, the Obama administration adviser charged with setting up the U.S. Consumer Financial Protection Bureau, said Monday that the agency will soon release model mortgage forms that may become the basis of new regulations on home finance. Read More »
Mortgage applications fall as home loan interest rates edge higher. Read More »
Can I afford to buy a home? There are many different factors that go into deciding if you can afford to purchase a home. The most important factors are what is my present income and how much do I have saved. Borrowers can qualify for many different loan purchase programs however they must decide if [...] Read More »
Mortgage applications rose last as home loan interest rates fell. Read More »
Mortgage applications fall for the third straight week even as mortgage rates remain near all-time lows. Read More »
'Low mortgage rates,' Pampers, 'oil rig explosion,' Burger King, 'Windows mobile phones' and 'retirement planners' are the trending topics on Google and Yahoo. Read More »
Administration officials say borrowers will get help in other ways. But analysts fear the majority will still wind up in foreclosure. Read More »
A borrowers record of various personal debt ie: credit cards, consumer debt, etc. and whether payments were made on time. Mortgage lenders will review the borrowers credit history to help determine their loan qualifications and the terms of the loan.With recent changes to the laws concerning your credit report, you can now obtain a free [...] Read More »
David Lowman, chief executive of Chase's mortgage business, told lawmakers that large-scale mortgage principal reduction “could be harmful to consumers, investors and future mortgage market conditions.” Read More »
The mortgage lending operations of Washington Mutual Inc. were threaded through with fraud, Senate investigators have found. Read More »
Sadly many are experiencing Home Mortgage Foreclosures. A legal process in which mortgaged property is sold to pay the loan of the defaulting borrower.A foreclosure on your credit history does not have to stop you from getting the financing you seek. There are still investors in the non-conforming arena that will consider doing a new [...] Read More »
You may wonder how many origination points you can legally be charged by your mortgage broker. The maximum fee cap varies from state to state. Wisconsin for example the broker is capped at 6% total commission. This means that you could be charged up to 6 points origination fee by your broker. This can also [...] Read More »
As you begin your quest for a new mortgage you will notice that lenders in general have become stricter in their lending habits. Keeping your credit score higher to qualify for the best interest rates is not as east as it once was either. The economy has forced many people to seek lenders who work [...] Read More »
Bankruptcy has become an epidemic that is affecting many families. Between the years 2002 and 2003 there were an estimated 1.6 million families in the United States that filed for bankruptcy. This is a rise of 150,000 across the nation. Changes in bankruptcy laws have done nothing to slow down the epidemic as bankruptcies in [...] Read More »
Credit card management can become complicated the more that you have. Securing the lowest mortgage rates depends on proper credit card management. Keeping track of each can prove to be a daunting task because the balances are all different. You can sometimes take the balance from one card and place it onto another credit card. [...] Read More »
Imagine paying your mortgage once every two weeks to pay it down quicker. Better yet, imagine a more desirable scenario- your mortgage is being paid bi-weekly by a company that has advertised a special service for mortgage reduction or a savings program.Is there such a thing as a company that will pay your home loan [...] Read More »
If you have an adequate amount of equity in your home then the majority of loan programs will allow you to get cash back when you make the decision to refinance. If for example, you have a Fannie Mae conforming loan then the rate will be increased a little bit if you decide to borrow [...] Read More »
You do your homework when it comes to buying a car or taking a trip so it makes sense that you would do the same when you are looking to buy a home. It is essential that you compare rates from one financial institution to another to ensure that you are getting the best mortgage [...] Read More »
Undergoing foreclosure is a homeowner’s worst nightmare.  One never buys a home expecting to fall behind.  You don’t expect to lose your job, have a major illness, or have the housing market fail.  But these things happen and good intentions can’t pay a mortgage.  There are very simple steps you can take to help stop [...] Read More »
The prospect of the purchase of a home can be an exciting one and a dream come true, but it also carries its share of challenges.  Before you start house hunting you should seek pre-approval of a mortgage from your financial institution.Pre-approval before purchase means that you will be looking for houses in your price [...] Read More »

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